Section 7-9A-109 – Scope.

Section 7-9A-109 Scope. (a) General scope of article. Except as otherwise provided in subsections (c) and (d), this article applies to: (1) a transaction, regardless of its form, that creates a security interest in personal property or fixtures by contract; (2) an agricultural lien; (3) a sale of accounts, chattel paper, payment intangibles, or promissory […]

Section 7-9A-110 – Security Interests Arising Under Article 2 or 2a.

Section 7-9A-110 Security interests arising under Article 2 or 2A. A security interest arising under Section 7-2-401, 7-2-505, 7-2-711(3), or 7-2A-508(5) is subject to this article. However, until the debtor obtains possession of the goods: (1) the security interest is enforceable, even if Section 7-9A-203(b)(3) has not been satisfied; (2) filing is not required to […]