§ 25-9-505 – Filing and compliance with other statutes and treaties for consignments, leases, other bailments, and other transactions.
25-9-505. Filing and compliance with other statutes and treaties for consignments, leases, other bailments, and other transactions. (a) Use of terms other than "debtor" and "secured party." – A consignor, lessor, or other bailor of goods, a licensor, or a buyer of a payment intangible or promissory note may file a financing statement, or may […]
§ 25-9-506 – Effect of errors or omissions.
25-9-506. Effect of errors or omissions. (a) Minor errors and omissions. – A financing statement substantially satisfying the requirements of this Part is effective, even if it has minor errors or omissions, unless the errors or omissions make the financing statement seriously misleading. (b) Financing statement seriously misleading. – Except as otherwise provided in subsection […]
§ 25-9-507 – Effect of certain events on effectiveness of financing statement.
25-9-507. Effect of certain events on effectiveness of financing statement. (a) Disposition. – A filed financing statement remains effective with respect to collateral that is sold, exchanged, leased, licensed, or otherwise disposed of and in which a security interest or agricultural lien continues, even if the secured party knows of or consents to the disposition. […]
§ 25-9-508 – Effectiveness of financing statement if new debtor becomes bound by security agreement.
25-9-508. Effectiveness of financing statement if new debtor becomes bound by security agreement. (a) Financing statement naming original debtor. – Except as otherwise provided in this section, a filed financing statement naming an original debtor is effective to perfect a security interest in collateral in which a new debtor has or acquires rights to the […]
§ 25-9-509 – Persons entitled to file a record.
25-9-509. Persons entitled to file a record. (a) Person entitled to file record. – A person may file an initial financing statement, amendment that adds collateral covered by a financing statement, or amendment that adds a debtor to a financing statement only if: (1) The debtor authorizes the filing in an authenticated record or pursuant […]
§ 25-9-405 – Modification of assigned contract.
25-9-405. Modification of assigned contract. (a) Effect of modification on assignee. – A modification of or substitution for an assigned contract is effective against an assignee if made in good faith. The assignee acquires corresponding rights under the modified or substituted contract. The assignment may provide that the modification or substitution is a breach of […]
§ 25-9-406 – Discharge of account debtor; notification of assignment; identification and proof of assignment; restrictions on assignment of accounts, chattel paper, payment intangibles, and promissory notes ineffective.
25-9-406. Discharge of account debtor; notification of assignment; identification and proof of assignment; restrictions on assignment of accounts, chattel paper, payment intangibles, and promissory notes ineffective. (a) Discharge of account debtor; effect of notification. – Subject to subsections (b) through (i) of this section, an account debtor on an account, chattel paper, or a payment […]
§ 25-9-407 – Restrictions on creation or enforcement of security interest in leasehold interest or in lessor's residual interest.
25-9-407. Restrictions on creation or enforcement of security interest in leasehold interest or in lessor’s residual interest. (a) Term restricting assignment generally ineffective. – Except as otherwise provided in subsection (b) of this section, a term in a lease agreement is ineffective to the extent that it: (1) Prohibits, restricts, or requires the consent of […]
§ 25-9-408 – Restrictions on assignment of promissory notes, health-care-insurance receivables, and certain general intangibles ineffective.
25-9-408. Restrictions on assignment of promissory notes, health-care-insurance receivables, and certain general intangibles ineffective. (a) Term restricting assignment generally ineffective. – Except as otherwise provided in subsection (b) of this section, a term in a promissory note or in an agreement between an account debtor and a debtor which relates to a health-care-insurance receivable or […]
§ 25-9-341 – Bank's rights and duties with respect to deposit account.
25-9-341. Bank’s rights and duties with respect to deposit account. Except as otherwise provided in G.S. 25-9-340(c), and unless the bank otherwise agrees in an authenticated record, a bank’s rights and duties with respect to a deposit account maintained with the bank are not terminated, suspended, or modified by: (1) The creation, attachment, or perfection […]