336.9-201 MS 1998 [Repealed, 2000 c 399 art 1 s 140] 336.9-201 GENERAL EFFECTIVENESS OF SECURITY AGREEMENT. (a) General effectiveness. Except as otherwise provided in the Uniform Commercial Code, a security agreement is effective according to its terms between the parties, against purchasers of the collateral, and against creditors. (b) Applicable consumer laws and other […]
336.9-202 MS 1998 [Repealed, 2000 c 399 art 1 s 140] 336.9-202 TITLE TO COLLATERAL IMMATERIAL. Except as otherwise provided with respect to consignments or sales of accounts, chattel paper, payment intangibles, or promissory notes, the provisions of this article with regard to rights and obligations apply whether title to collateral is in the secured […]
336.9-203 MS 1998 [Repealed, 2000 c 399 art 1 s 140] 336.9-203 ATTACHMENT AND ENFORCEABILITY OF SECURITY INTEREST; PROCEEDS; SUPPORTING OBLIGATIONS; FORMAL REQUISITES. (a) Attachment. A security interest attaches to collateral when it becomes enforceable against the debtor with respect to the collateral, unless an agreement expressly postpones the time of attachment. (b) Enforceability. Except […]
336.9-204 MS 1998 [Repealed, 2000 c 399 art 1 s 140] 336.9-204 AFTER-ACQUIRED PROPERTY; FUTURE ADVANCES. (a) After-acquired collateral. Except as otherwise provided in subsection (b), a security agreement may create or provide for a security interest in after-acquired collateral. (b) When after-acquired property clause not effective. A security interest does not attach under a […]
336.9-205 MS 1998 [Repealed, 2000 c 399 art 1 s 140] 336.9-205 USE OR DISPOSITION OF COLLATERAL PERMISSIBLE. (a) When security interest not invalid or fraudulent. A security interest is not invalid or fraudulent against creditors solely because: (1) the debtor has the right or ability to: (A) use, commingle, or dispose of all or […]
336.9-206 MS 1998 [Repealed, 2000 c 399 art 1 s 140] 336.9-206 SECURITY INTEREST ARISING IN PURCHASE OR DELIVERY OF FINANCIAL ASSET. (a) Security interest when person buys through securities intermediary. A security interest in favor of a securities intermediary attaches to a person’s security entitlement if: (1) the person buys a financial asset through […]
