§9-1101. Short title This Article may be cited as “Uniform Commercial Code-Secured Transactions.” [PL 1999, c. 699, Pt. A, §2 (NEW); PL 1999, c. 699, Pt. A, §4 (AFF).] SECTION HISTORY PL 1999, c. 699, §A2 (NEW). PL 1999, c. 699, §A4 (AFF).
§9-1102. Definitions and index of definitions As used in this Article, unless the context otherwise indicates, the following terms have the following meanings. [PL 1999, c. 699, Pt. A, §2 (NEW); PL 1999, c. 699, Pt. A, §4 (AFF).] (1). “Accession” means goods that are physically united with other goods in such a manner […]
§9-1103-A. Production-money crops; production-money obligation; production-money security interest; burden of establishing (1). A security interest in crops is a production-money security interest to the extent that the crops are production-money crops. [PL 1999, c. 699, Pt. A, §2 (NEW); PL 1999, c. 699, Pt. A, §4 (AFF).] (2). If the extent to which a […]
§9-1103. Purchase-money security interest; application of payments; burden of establishing (1). As used in this section, unless the context otherwise indicates, the following terms have the following meanings. (a). “Purchase-money collateral” means goods or software that secures a purchase-money obligation incurred with respect to that collateral; and [PL 1999, c. 699, Pt. A, […]
§9-1104. Control of deposit account (1). A secured party has control of a deposit account if: (a). The secured party is the bank with which the deposit account is maintained; [PL 1999, c. 699, Pt. A, §2 (NEW); PL 1999, c. 699, Pt. A, §4 (AFF).] (b). The debtor, secured party and bank […]
§9-1105. Control of electronic chattel paper A secured party has control of electronic chattel paper if a system employed for evidencing the transfer of interests in the chattel paper reliably establishes the secured party as the person to which the chattel paper was assigned. A system satisfies this section if the record or records comprising […]
§9-1106. Control of investment property (1). A person has control of a certificated security, uncertificated security or security entitlement as provided in section 8-1106. [PL 1999, c. 699, Pt. A, §2 (NEW); PL 1999, c. 699, Pt. A, §4 (AFF).] (2). A secured party has control of a commodity contract if: (a). The […]
§9-1107. Control of letter-of-credit right A secured party has control of a letter-of-credit right to the extent of any right to payment or performance by the issuer or any nominated person if the issuer or nominated person has consented to an assignment of proceeds of the letter of credit under section 5-1114, subsection (3) or […]
§9-1108. Sufficiency of description (1). Except as otherwise provided in subsections (3), (4) and (5), a description of personal or real property is sufficient, whether or not it is specific, if it reasonably identifies what is described. [PL 1999, c. 699, Pt. A, §2 (NEW); PL 1999, c. 699, Pt. A, §4 (AFF).] (2). […]
