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Title 12A. Uniform Commercial Code 
 (STOKSTA2)
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Article 1 - General Provisions

Part 1 - Titles, Construction, Application, and Subject Matter of Act

§ 1-101. Short Titles

§ 1-102. Scope of Article

§ 1-103. Construction of Uniform Commercial Code to Promote Its Purposes and Policies - Applicability of Supplemental Principles of Law

§ 1-104. Construction Against Implicit Repeal

§ 1-105. Repealed by Laws 2005, HB 2028, c. 139, § 38, eff. January 1, 2006

§ 1-106. Use of Singular and Plural - Gender

§ 1-107. Section Captions

§ 1-108. Repealed by Laws 1989, HB 1135, c. 154, § 2, operative July 1, 1989

§ 1-108.1. Electronic Signatures in Global and National Commerce Act Superseded, Modified, andLimited

§ 1-109. Repealed by Laws 2005, HB 2028, c. 139, § 38, eff. January 1, 2006

Part 2 - General Definitions and Principles of Interpretation

§ 1-201. General Definitions and Principles of Interpretation

§ 1-202. Notice - Knowledge

§ 1-203. Lease Distinguished from Security Interest

§ 1-204. "Value"

§ 1-205. Reasonable Time - Seasonableness

§ 1-206. Presumptions

§ 1-207. Repealed by Laws 2005, HB 2028, c. 139, § 39, eff. January 1, 2006

§ 1-208. Repealed by Laws 2005, HB 2028, c. 139, § 39, eff. January 1, 2006

§ 1-209. Repealed by Laws 2005, HB 2028, c. 139, § 39, eff. January 1, 2006

Part 3 - Territorial Applicability and General Rules

§ 1-301. Territorial Applicability - Parties’ Power to Choose Applicable Law

§ 1-302. Variation by Agreement

§ 1-303. Course of Performance, Course of Dealing, and Usage of Trade

§ 1-304. Obligation of Good Faith

§ 1-305. Remedies to Be Liberally Administered

§ 1-306. Waiver or Renunciation of Claim or Right after Breach

§ 1-307. Prima Facie Evidence by Third Party Documents

§ 1-308. Performance or Acceptance Under Reservation of Rights

§ 1-309. Option to Accelerate at Will

§ 1-310. Subordination of Obligations

Article 2 - Sales

Part 1 - Short Title, General Construction, and Subject Matter

§ 2-101. Short Title

§ 2-102. Scope - Certain Security and Other Transactions Excluded from this Article

§ 2-103. Definitions and Index of Definitions

§ 2-104. Definitions: "Merchant" - "Financing Agency" - "Between Merchants"

§ 2-105. Definitions: Transferability - "Goods" - "Future" Goods - "Lot" - "Commercial Unit"

§ 2-106. Definitions: "Contract" - "Agreement" - "Contract for Sale" - "Sale" - "Present Sale" - "Conforming" to Contract - "Termination" - "Cancellation"

§ 2-107. Goods to be Severed from Realty - Recording

Part 2 - Form, Formation, and Readjustment of Contract

§ 2-201. Formal Requirements - Statute of Frauds

§ 2-202. Final Written Expression - Parol or Extrinsic Evidence

§ 2-203. Seals Inoperative

§ 2-204. Formation in General

§ 2-205. Firm Offers

§ 2-206. Offer and Acceptance in Formation of Contract

§ 2-207. Additional Terms in Acceptance or Confirmation

§ 2-208. Repealed by Laws 2009, SB 991, c. 208, § 23, eff. November 1, 2009

§ 2-209. Modification, Rescission and Waiver

§ 2-210. Delegation of Performance - Assignment of Rights

Part 3 - General Obligation and Construction of Contract

§ 2-301. General Obligations of Parties

§ 2-302. Unconscionable Contract or Clause

§ 2-303. Allocation or Division of Risks

§ 2-304. Price Payable in Money, Goods, Realty, or Otherwise

§ 2-305. Open Price Term

§ 2-306. Output, Requirements and Exclusive Dealings

§ 2-307. Delivery in Single Lot or Several Lots

§ 2-308. Absence of Specified Place for Delivery

§ 2-309. Absence of Specific Time Provisions; Notice of Termination

§ 2-310. Open Time for Payment or Running of Credit; Authority to Ship Under Reservation

§ 2-311. Options and Cooperation Respecting Performance

§ 2-312. Warranty of Title and Against Infringement; Buyer's Obligation Against Infringement.

§ 2-313. Express Warranties by Affirmation, Promise, Description, Sample

§ 2-314. Implied Warranty: Merchantability; Usage of Trade

§ 2-315. Implied Warranty: Fitness for Particular Purpose

§ 2-316. Exclusion or Modification of Warranties

§ 2-317. Cumulation and Conflict of Warranties Express or Implied

§ 2-318. Third Party Beneficiaries of Warranties Express or Implied

§ 2-319. F.O.B. and F.A.S. Terms

§ 2-320. C.I.F. and C. and F. Terms

§ 2-321. C.I.F. or C. and F.

§ 2-322. Delivery

§ 2-323. Form of Bill of Lading Required in Overseas Shipment

§ 2-324. Provisions for "No Arrival, No Sale"

§ 2-325. Letter of Credit

§ 2-326. Sale on Approval and Sale or Return - Consignment Sales and Rights of Creditors

§ 2-327. Special Incidents of Sale on Approval and Sale or Return

§ 2-328. Sale by Auction

Part 4 - Creditors, Title, and Good Faith Purchases

§ 2-401. Passing of Title - Reservation for Security - Limited Application of this Section

§ 2-402. Rights of Seller's Creditors Against Sold Goods

§ 2-403. Power to Transfer - Good Faith Purchase of Goods

Part 5 - Performance

§ 2-501. Insurable Interest in Goods; Manner of Identification of Goods.

§ 2-502. Buyer's Right to Goods on Seller's Insolvency

§ 2-503. Manner of Seller's Tender of Delivery

§ 2-504. Shipment by Seller

§ 2-505. Seller's Shipment Under Reservation

§ 2-506. Rights of Financing Agency

§ 2-507. Effect of Seller's Tender; Delivery on Condition

§ 2-508. Cure by Seller of Improper Tender or Delivery; Replacement.

§ 2-509. Risk of Loss in the Absence of Breach

§ 2-510. Effect of Breach on Risk of Loss

§ 2-511. Tender of Payment by Buyer; Payment by Check

§ 2-512. Payment by Buyer Before Inspection

§ 2-513. Buyer's Right to Inspection of Goods

§ 2-514. When Documents Deliverable on Acceptance; When on Payment

§ 2-515. Preserving Evidence of Goods in Dispute

Part 6 - Breach, Repudiation, and Excuse

§ 2-601. Buyer's Rights on Improper Delivery

§ 2-602. Manner and Effect of Rightful Rejection

§ 2-603. Merchant Buyer's Duties as to Rightfully Rejected Goods

§ 2-604. Buyer's Options as to Salvage of Rightfully Rejected Goods

§ 2-605. Waiver of Buyer's Objections by Failure to Particularize

§ 2-606. What Constitutes Acceptance of Goods

§ 2-607. Effect of Acceptance; Notice of Breach; Burden of Establishing Breach After Acceptance; Notice of Claim or Litigation to Person Answerable Over

§ 2-608. Revocation of Acceptance in Whole or in Part

§ 2-609. Right to Adequate Assurance of Performance

§ 2-610. Anticipatory Repudiation

§ 2-611. Retraction of Anticipatory Repudiation

§ 2-612. Installment Contracts

§ 2-613. Casualty to Identified Goods

§ 2-614. Substituted Performance

§ 2-615. Excuse by Failure of Presupposed Conditions

§ 2-616. Procedure on Notice Claiming Excuse

Part 7 - Remedies

§ 2-701. Remedies for Breach of Collateral Contracts Not Impaired

§ 2-702. Seller's Remedies on Discovery of Buyer's Insolvency

§ 2-703. Seller's Remedies in General

§ 2-704. Seller's Right to Identify Goods to the Contract Notwithstanding Breach or to Salvage Unfinished Goods.

§ 2-705. Seller's Stoppage of Delivery in Transit or Otherwise

§ 2-706. Seller's Resale Including Contract for Resale

§ 2-707. Person in Position of the Seller

§ 2-708. Seller's Damages for Nonacceptance or Repudiation

§ 2-709. Action for the Price

§ 2-710. Seller's Incidental Damages

§ 2-711. Buyer's Remedies in General; Buyer's Security Interest in Rejected Goods

§ 2-712. Buyer's Remedies in General; Buyer's Security Interest in Rejected Goods

§ 2-713. Buyer's Damages for Nondelivery or Repudiation

§ 2-714. Buyer's Damages for Breach in Regard to Accepted Goods

§ 2-715. Buyer's Incidental and Consequential Damages

§ 2-716. Buyer's Right to Specific Performance or Replevin

§ 2-717. Deduction of Damages From the Price

§ 2-718. Liquidation or Limitation of Damages - Deposit

§ 2-719. Contractual Modification or Limitation of Remedy

§ 2-720. Effect of Cancellation or Rescision on Claims for Antecedent Breach

§ 2-721. Remedies for Fraud

§ 2-722. Who Can Sue Third Parties for Injury to Goods

§ 2-723. Proof of Market Price: Time and Place

§ 2-724. Admissibility of Market Quotations

§ 2-725. Statute of Limitations in Contracts for Sale

Article 2A - Leases

§ 2A-101. Short Title

§ 2A-102. Scope

§ 2A-103. Definitions and Index of Definitions

§ 2A-104. Leases Subject to Other Law

§ 2A-105. Territorial Application of Article to Goods Covered by Certificate of Title

§ 2A-106. Limitation on Power of Parties to Consumer Lease to Choose Applicable Law and Judicial Forum

§ 2A-107. Waiver or Renunciation of Claim or Right After Default

§ 2A-108. Unconscionability

§ 2A-109. Option to Accelerate at Will

§ 2A-201. Statute of Frauds

§ 2A-202. Final Written Expression - Parol or Extrinsic Evidence

§ 2A-203. Seals Inoperative

§ 2A-204. Formation in General

§ 2A-205. Firm Offers

§ 2A-206. Offer and Acceptance in Formation of Lease Contract

§ 2A-207. Repealed by Laws 2005, HB 2028, c. 139, § 40, eff. January 1, 2006

§ 2A-208. Modification, Rescission, and Waiver

§ 2A-209. Lessee Under Finance Lease as Beneficiary of Supply Contract

§ 2A-210. Express Warranties

§ 2A-211. Warranties Against Interference and Against Infringement - Lessee's Obligation against infringement.

§ 2A-212. Implied Warranty of Merchantability

§ 2A-213. Implied Warranty of Fitness for Particular Purpose

§ 2A-214. Exclusion or Modification of Warranties

§ 2A-215. Cumulation and Conflict of Warranties Express or Implied

§ 2A-216. Third Party Beneficiaries of Express and Implied Warranties

§ 2A-217. Identification

§ 2A-218. Insurance and Proceeds

§ 2A-219. Risk of Loss

§ 2A-220. Effect of Default on Risk of Loss

§ 2A-221. Casualty to Identified Goods

§ 2A-301. Enforceability of Lease Contract

§ 2A-302. Title to and Possession of Goods

§ 2A-303. Alienability of Party's Interest Under Lease Contract or of Lessor's Residual Interest in Goods - Delegation of Performance - Transfer of Rights

§ 2A-304. Subsequent Lease of Goods by Lessor

§ 2A-305. Sale or Sublease of Goods by Lessee

§ 2A-306. Priority of Certain Liens Arising by Operation of Law

§ 2A-307. Priority of Liens Arising by Attachment or Levy on, Security Interests in, and Other Claims to Goods

§ 2A-308. Special Rights of Creditors

§ 2A-309. Lessor's and Lessee's Rights When Goods Become Fixtures

§ 2A-310. Lessor's and Lessee's Rights when Goods Become Accessions

§ 2A-311. Priority Subject to Subordination

§ 2A-401. Insecurity; adequate assurance of performance.

§ 2A-402. Anticipatory Repudiation

§ 2A-403. Retraction of Anticipatory Repudiation

§ 2A-404. Substituted Performance

§ 2A-405. Excused Performance

§ 2A-406. Procedure on Excused Performance

§ 2A-407. Irrevocable Promises - Finance Leases

§ 2A-501. Default - Procedure

§ 2A-502. Notice After Default

§ 2A-503. Modification or Impairment of Rights and Remedies

§ 2A-504. Liquidation of Damages

§ 2A-505. Cancellation and Termination and Effect of Cancellation, Termination, Rescission, or Fraud on Rights and Remedies

§ 2A-506. Statute of Limitations

§ 2A-507. Proof of Market Rent - Time and Place

§ 2A-508. Lessee's Remedies

§ 2A-509. Lessee's Rights on Improper Delivery - Rightful Rejection

§ 2A-510. Installment Lease Contracts - Rejection and Default

§ 2A-511. Merchant Lessee's Duties as to Rightfully Rejected Goods

§ 2A-512. Lessee's Duties as to Rightfully Rejected Goods

§ 2A-513. Cure by Lessor of Improper Tender or Delivery - Replacement

§ 2A-514. Waiver of Lessee's Objections

§ 2A-515. Acceptance of Goods

§ 2A-516. Effect of Acceptance of Goods - Notice of Default - Burden of Establishing Default After Acceptance - Notice of Claim or Litigation to Person Answerable Over

§ 2A-517. Revocation of Acceptance of Goods

§ 2A-518. Cover - Substitute Goods

§ 2A-519. Lessee's Damages for Nondelivery, Repudiation, Default, and Breach of Warranty in Regard to Accepted Goods

§ 2A-520. Lessee's Incidental and Consequential Damages

§ 2A-521. Lessee's Right to Specific Performance or Replevin

§ 2A-522. Lessee's Right to Goods on Lessor's Insolvency

§ 2A-523. Lessor's Remedies

§ 2A-524. Lessor's Right to Identify Goods to Lease Contract

§ 2A-525. Lessor's Right to Possession of Goods

§ 2A-526. Lessor's Stoppage of Delivery in Transit or Otherwise

§ 2A-527. Lessor's Rights to Dispose of Goods

§ 2A-528. Lessor's Damages for Nonacceptance, Failure to Pay, Repudiation, or Other Default

§ 2A-529. Lessor's Action for the Rent

§ 2A-530. Lessor's Incidental Damages

§ 2A-531. Standing to Sue Third Parties for Injury to Goods

§ 2A-532. Lessor's Right to Residual Interest

Article 3 - Negotiable Instruments

Part 1 - Short Title, Form and Interpretation

§ 3-101. Short Title

§ 3-102. Subject Matter

§ 3-103. Definitions

§ 3-104. Negotiable Instrument

§ 3-105. Issue of Instrument

§ 3-106. Unconditional Promise or Order

§ 3-107. Instrument Payable in Foreign Money

§ 3-108. Payable on Demand or at Definite Time

§ 3-109. Payable to Bearer or to Order

§ 3-110. Identification of Person to Whom Instrument is Payable

§ 3-111. Place of Payment

§ 3-112. Interest

§ 3-113. Date of Instrument

§ 3-114. Contradictory Terms of Instrument

§ 3-115. Incomplete Instrument

§ 3-116. Joint and Several Liability - Contribution

§ 3-117. Other Agreements Affecting Instrument

§ 3-118. Statute of Limitations

§ 3-119. Notice of Right to Defend Action

§ 3-120. Repealed by Laws 1991, SB 25, c. 117, § 137, eff. January 1, 1992

§ 3-121. Repealed by Laws 1991, SB 25, c. 117, § 137, eff. January 1, 1992

§ 3-122. Repealed by Laws 1991, SB 25, c. 117, § 137, eff. January 1, 1992

Part 2 - Transfer and Negotiation

§ 3-201. Negotiation

§ 3-202. Negotiation Subject to Rescission

§ 3-203. Transfer of Instrument; Rights Acquired by Transfer

§ 3-204. Indorsement

§ 3-205. Special Indorsement; Blank Indorsement; Anomalous Indorsement

§ 3-206. Restrictive Indorsement

§ 3-207. Reacquisition

§ 3-208. Repealed by Laws 1991, SB 25, c. 117, § 137, eff. January 1, 1992

Part 3 - Enforcement of Instruments

§ 3-301. Person Entitled to Enforce Instrument

§ 3-302. Holder in Due Course

§ 3-303. Value and Consideration

§ 3-304. Overdue Instrument

§ 3-305. Defenses and Claims in Recoupment

§ 3-306. Claims to an Instrument

§ 3-307. Notice of Breach of Fiduciary

§ 3-308. Proof of Signatures and Status as Holder in Due Course

§ 3-309. Enforcement of Lost, Destroyed, or Stolen Instrument

§ 3-310. Effect of Instrument on Obligation for Which Taken

§ 3-311. Accord and Satisfaction by Use of Instrument

§ 3-312. Lost, Destroyed, or Stolen Cashier's Check, Teller's Check, or Certified Check

Part 4 - Liability of Parties

§ 3-401. Signature

§ 3-402. Signature by Representative

§ 3-403. Unauthorized Signature

§ 3-404. Impostors; Fictitious Payees

§ 3-405. Employer's Responsibility for Fraudulent Indorsement by Employee

§ 3-406. Negligence Contributing to Forged Signature or Alteration of Instrument

§ 3-407. Alteration

§ 3-408. Drawee Not Liable on Unaccepted Draft

§ 3-409. Acceptance of Draft; Certified Check

§ 3-410. Acceptance Varying Draft

§ 3-411. Refusal to Pay Cashier's Checks, Teller's Checks, and Certified Checks

§ 3-412. Obligation of Issuer of Note or Cashier's Check

§ 3-413. Obligation of Acceptor

§ 3-414. Obligation of Drawer

§ 3-415. Obligation of Indorser

§ 3-416. Transfer Warranties

§ 3-417. Presentment Warranties

§ 3-418. Payment or Acceptance by Mistake

§ 3-419. Instruments Signed for Accommodation

§ 3-420. Conversion of Instrument

Part 5 - Dishonor

§ 3-501. Presentment

§ 3-502. Dishonor

§ 3-503. Notice of Dishonor

§ 3-504. Excused Presentment and Notice of Dishonor

§ 3-505. Evidence of Dishonor

§ 3-506. Repealed by Laws 1991, SB 25, c. 117, § 137, eff. January 1, 1992

§ 3-507. Repealed by Laws 1991, SB 25, c. 117, § 137, eff. January 1, 1992

§ 3-508. Repealed by Laws 1991, SB 25, c. 117, § 137, eff. January 1, 1992

§ 3-509. Repealed by Laws 1991, SB 25, c. 117, § 137, eff. January 1, 1992

§ 3-510. Repealed by Laws 1991, SB 25, c. 117, § 137, eff. January 1, 1992

§ 3-511. Repealed by Laws 1991, SB 25, c. 117, § 137, eff. January 1, 1992

Part 6 - Discharge and Payment

§ 3-601. Discharge and Effect of Discharge

§ 3-602. Payment

§ 3-603. Tender of Payment

§ 3-604. Discharge by Cancellation or Renunciation

§ 3-605. Discharge of Secondary Obligors

§ 3-606. Repealed by Laws 1991, SB 25, c. 117, § 137, eff. January 1, 1992

Part 7 - Advice of International Sight Draft

§ 3-701. Repealed by Laws 1991, SB 25, c. 117, § 137, eff. January 1, 1992

Part 8 - Miscellaneous

§ 3-801. Repealed by Laws 1991, SB 25, c. 117, § 137, eff. January 1, 1992

§ 3-802. Repealed by Laws 1991, SB 25, c. 117, § 137, eff. January 1, 1992

§ 3-803. Repealed by Laws 1991, SB 25, c. 117, § 137, eff. January 1, 1992

§ 3-804. Repealed by Laws 1991, SB 25, c. 117, § 137, eff. January 1, 1992

§ 3-805. Repealed by Laws 1991, SB 25, c. 117, § 137, eff. January 1, 1992

Article 4 - Bank Deposits and Collections

Part 1 - General Provisions and Definitions

§ 4-101. Short Title

§ 4-102. Applicability

§ 4-103. Variation by Agreement - Measure of Damages - Certain Action Constituting Ordinary Care

§ 4-104. Definitions and Index of Definitions

§ 4-105. Definitions of Types of Banks

§ 4-106. Payable Through or Payable at Bank - Collecting Bank

§ 4-107. Separate Office of Bank

§ 4-108. Time of Receipt of Items

§ 4-109. Delays

§ 4-110. Electronic Presentment

§ 4-111. Statute of Limitations

Part 2 - Collection of Items - Depositary and Collecting Banks

§ 4-201. Status of Collecting Bank as Agent and Provisional Status of Credits - Applicability of Article - Item Endorsed Pay Any Bank

§ 4-202. Responsibility for Collection or Return - When Action Timely

§ 4-203. Effect of Instructions

§ 4-204. Methods of Sending and Presenting; Sending Directly to Payor Bank

§ 4-205. Depositary Bank Holder of Unindorsed Item

§ 4-206. Transfer Between Banks

§ 4-207. Transfer Warranties

§ 4-208. Presentment Warranties

§ 4-209. Encoding and Retention Warranties

§ 4-210. Security Interest of Collecting Bank in Items, Accompanying Documents and Proceeds

§ 4-211. When Bank Gives Value for Purposes of Holder In Due Course

§ 4-212. Presentment by Notice of Item Not Payable By, Through, or at Bank - Liability of Drawer or Indorser

§ 4-213. Medium and Time of Settlement by Bank

§ 4-214. Right of Charge-Back or Refund - Liability of Collecting Bank - Return of Item

§ 4-215. Final Payment of Item by Payor Bank - When Provisional Debits and Credits Become Final - When Certain Credits Become Available for Withdrawal

§ 4-216. Insolvency and Preference

Part 3 - Collection of Items - Payor Banks

§ 4-301. Deferred Posting - Recovery of Payment by Return of Items - Time of Dishonor - Return of Items by Payor Bank

§ 4-302. Payor Bank's Responsibility for Late Return of Item

§ 4-303. When Items Subject to Notice, Stop-Payment Order, Legal Process, or Setoff; Order in Which Items May be Charged or Certified.

Part 4 - Relationship Between Payor Bank and Its Customer

§ 4-401. When Bank May Charge Customer's Account

§ 4-402. Bank's Liability to Customer for Wrongful Dishonor - Time for Determining Insufficiency of Account

§ 4-403. Customer's Right to Stop Payment - Burden of Proof of Loss

§ 4-404. Bank Not Obligated to Pay Check More Than Six Months Old

§ 4-405. Death or Incompetence of Customer

§ 4-406. Customer's Duty to Discover and Report Unauthorized Signature or Alteration

§ 4-407. Payor Bank's Right to Subrogation on Improper Payment

Part 5 - Collections of Documentary Drafts

§ 4-501. Handling of Documentary Drafts - Duty to Send for Presentment and to Notify

§ 4-502. Presentment of on Arrival Drafts

§ 4-503. Responsibility of Presenting Bank for Documents and Goods - Report of Reasons

§ 4-504. Privilege of Presenting Bank to Deal with Goods - Security Interest for Expenses

Article 4A - Funds Transfers

Part 1 - Subject Matter and Definitions

§ 4A-101. Short Title

§ 4A-102. Subject Matter

§ 4A-103. Payment Order - Definitions

§ 4A-104. Funds Transfer - Definitions

§ 4A-105. Other Definitions

§ 4A-106. Time Payment Order is Received

§ 4A-107. Federal Reserve Regulations and Operating Circulars

§ 4A-108. Exclusion of Consumer Transactions Governed by Federal Law

Part 2 - Issue and Acceptance of Payment Order

§ 4A-201. Security Procedure

§ 4A-202. Authorized and Verified Payment Orders

§ 4A-203. Unenforceability of Certain Verified Payment Orders

§ 4A-204. Refund of Payment and Duty of Customer to Report with Respect to Unauthorized Payment Order

§ 4A-205. Erroneous Payment Orders

§ 4A-206. Transmission of Payment Order through Funds-Transfer or Other Communication System.

§ 4A-207. Misdescription of Beneficiary

§ 4A-208. Misdescription of Intermediary Bank or Beneficiary's Bank

§ 4A-209. Acceptance of Payment Order

§ 4A-210. Rejection of Payment Order

§ 4A-211. Cancellation and Amendment of Payment Order

§ 4A-212. Liability and Duty of Receiving Bank Regarding Unaccepted Payment

Part 3 - Execution of Sender's Payment Order by Receiving Bank

§ 4A-301. Execution and Execution Date

§ 4A-302. Obligations of Receiving Bank in Execution of Payment Order

§ 4A-303. Erroneous Execution of Payment Order

§ 4A-304. Duty of Sender to Report Erroneously Executed Payment Order

§ 4A-305. Liability for Late or Improper Execution or Failure to Execute Payment Order

Part 4 - Payment

§ 4A-401. Payment Date

§ 4A-402. Obligation of Sender to Pay Receiving Bank

§ 4A-403. Payment by Sender to Receiving Bank

§ 4A-404. Obligation of Beneficiary's Bank to Pay and Give Notice to Beneficiary

§ 4A-405. Payment by Beneficiary's Bank to Beneficiary.

§ 4A-406. Payment by Originator to Beneficiary; Discharge of Underlying Obligation

Part 5 - Miscellaneous Provisions

§ 4A-501. Variation by Agreement and Effect of Funds-Transfer System Rule

§ 4A-502. Creditor Process Served on Receiving Bank - Setoff by Beneficiary's Bank

§ 4A-503. Injunction or Restraining Order with Respect to Funds Transfer

§ 4A-504. Order in which Items and Payment Orders May be Charged to Account; Order of Withdrawals from Account.

§ 4A-505. Preclusion of Objection to Debit of Customer's Account

§ 4A-506. Rate of Interest

§ 4A-507. Choice of Law

§ 4A-551. Validity of Prior Transactions

Article 5 - Letters of Credit

§ 5-101. Short Title

§ 5-102. Definitions

§ 5-103. Scope

§ 5-104. Formal Requirements

§ 5-105. Consideration

§ 5-106. Issuance, Amendment, Cancellation, and Duration

§ 5-107. Confirmer, Nominated Person, and Adviser

§ 5-108. Issuer's Rights and Obligations

§ 5-109. Fraud and Forgery

§ 5-110. Warranties

§ 5-111. Remedies

§ 5-112. Transfer of Letter of Credit

§ 5-113. Transfer by Operation of Law

§ 5-114. Assignment of Proceeds

§ 5-115. Statute of Limitations

§ 5-116. Choice of Law and Forum

§ 5-117. Subrogation of Issuer, Applicant, and Nominated Person

§ 5-118. Applicability

§ 5-118.1. Security Interest of Issuer or Nominated Person

§ 5-119. Savings Clause

Article 6 - Bulk Sales

§ 6-101. Repealed by Laws 1990, HB 1854, c. 273, § 15, eff. September 1, 1990

§ 6-102. Repealed by Laws 1990, HB 1854, c. 273, § 15, eff. September 1, 1990

§ 6-103. Repealed by Laws 1990, HB 1854, c. 273, § 15, eff. September 1, 1990

§ 6-104. Repealed by Laws 1990, HB 1854, c. 273, § 15, eff. September 1, 1990

§ 6-105. Repealed by Laws 1990, HB 1854, c. 273, § 15, eff. September 1, 1990

§ 6-106. Repealed by Laws 1990, HB 1854, c. 273, § 15, eff. September 1, 1990

§ 6-107. Repealed by Laws 1990, HB 1854, c. 273, § 15, eff. September 1, 1990

§ 6-108. Repealed by Laws 1990, HB 1854, c. 273, § 15, eff. September 1, 1990

§ 6-109. Repealed by Laws 1990, HB 1854, c. 273, § 15, eff. September 1, 1990

§ 6-110. Repealed by Laws 1990, HB 1854, c. 273, § 15, eff. September 1, 1990

§ 6-111. Repealed by Laws 1990, HB 1854, c. 273, § 15, eff. September 1, 1990

§ 6-201. Repealed by Laws 1997, SB 15, c. 112, § 4, eff. November 1, 1997

§ 6-202. Repealed by Laws 1997, SB 15, c. 112, § 4, eff. November 1, 1997

§ 6-203. Repealed by Laws 1997, SB 15, c. 112, § 4, eff. November 1, 1997

§ 6-204. Repealed by Laws 1997, SB 15, c. 112, § 4, eff. November 1, 1997

§ 6-205. Repealed by Laws 1997, SB 15, c. 112, § 4, eff. November 1, 1997

§ 6-206. Repealed by Laws 1997, SB 15, c. 112, § 4, eff. November 1, 1997

§ 6-207. Repealed by Laws 1997, SB 15, c. 112, § 4, eff. November 1, 1997

§ 6-208. Repealed by Laws 1997, SB 15, c. 112, § 4, eff. November 1, 1997

§ 6-209. Repealed by Laws 1997, SB 15, c. 112, § 4, eff. November 1, 1997

§ 6-210. Repealed by Laws 1997, SB 15, c. 112, § 4, eff. November 1, 1997

Article 7 - Warehouse Receipts, Bills of Lading, and Other Documents of Title

Part 1 - General

§ 7-101. Short Title

§ 7-102. Definitions and Index of Definitions

§ 7-103. Relation of Article to Treaty or Statute

§ 7-104. Negotiable and Nonnegotiable Document of Title

§ 7-105. Repealed by Laws 2005, HB 2035, c. 140, § 71, eff. January 1, 2006

§ 7-105.1. Reissuance in Alternative Medium

§ 7-106. Control of Electronic Document of Title

Part 2 - Warehouse Receipts - Special Provisions

§ 7-201. Persons That May Issue a Warehouse Receipt - Storage Under Bond

§ 7-202. Form of Warehouse Receipt - Effect of Omission

§ 7-203. Liability for Nonreceipt or Misdescription

§ 7-204. Duty of Care - Contractual Limitation of Warehouse’s Liability

§ 7-205. Title Under Warehouse Receipt Defeated in Certain Cases

§ 7-206. Termination of Storage at Warehouse’s Option

§ 7-207. Goods Must be Kept Separate - Fungible Goods

§ 7-208. Altered Warehouse Receipts

§ 7-209. Lien of Warehouse

§ 7-210. Enforcement of Warehouseman's Lien

Part 3 - Bills of Lading - Special Provisions

§ 7-301. Liability for Nonreceipt or Misdescription - "Said to Contain" - "Shipper's Load and Count" - Improper Handling

§ 7-302. Through Bills of Lading and Similar Documents of Title

§ 7-303. Diversion - Reconsignment - Change of Instructions

§ 7-304. Bills of Lading in a Set

§ 7-305. Destination Bills

§ 7-306. Altered Bills of Lading

§ 7-307. Lien of Carrier

§ 7-308. Enforcement of Carrier's Lien

§ 7-309. Duty of Care - Contractual Limitation of Carrier's Liability

Part 4 - Warehouse Receipts and Bills of Lading - General Obligations

§ 7-401. Irregularities in Issue of Receipt or Bill or Conduct of Issuer

§ 7-402. Duplicate Receipt or Bill - Overissue

§ 7-403. Obligation of Bailee to Deliver - Excuse

§ 7-404. No Liability for Good-Faith Delivery Pursuant to Document of Title

Part 5 - Warehouse Receipts and Bills of Lading - Negotiations and Transfer

§ 7-501. Form of Negotiation and Requirements of Due Negotiation

§ 7-502. Rights Acquired by Due Negotiation

§ 7-503. Document of Title to Goods Defeated in Certain Cases

§ 7-504. Rights Acquired in Absence of Due Negotiation - Effect of Diversion - Stoppage of Delivery

§ 7-505. Endorser Not a Guarantor for Other Parties

§ 7-506. Delivery Without Indorsement - Right to Compel Indorsement

§ 7-507. Warranties on Negotiation or Transfer of Receipt or Bill

§ 7-508. Warranties of Collecting Bank as to Documents of Title

§ 7-509. Adequate Compliance With Commercial Contract

Part 6 - Warehouse Receipts and Bills of Lading - Miscellaneous Provisions

§ 7-601. Lost, Stolen, or Destroyed Documents of Title

§ 7-602. Judicial Process Against Goods Covered by Negotiable Document of Title

§ 7-603. Conflicting Claims - Interpleader

Part 7 - Savings Clause and Applicability

§ 7-703. Applicability

§ 7-704. Savings Clause

Article 8 - Investment Securities

Part 1 - Short Title and General Matters

§ 8-101. Short Title

§ 8-102. Definitions

§ 8-103. Rules for Determining Whether Certain Obligations and Interests Are Securities or Financial Assets

§ 8-104. Acquisition of Security on Financial Asset or Interest Therein

§ 8-105. Notice of Adverse Claim

§ 8-106. Control

§ 8-107. Whether Indorsement, Instruction, or Entitlement Order is Effective

§ 8-108. Warranties in Direct Holding

§ 8-109. Warranties in Indirect Holding

§ 8-110. Applicability - Choice of Law

§ 8-111. Clearing Corporation Rules

§ 8-112. Creditor's Legal Process

§ 8-113. Statute of Frauds Inapplicable

§ 8-114. Evidentiary Rules Concerning Certificated Securities

§ 8-115. Securities Intermediary and Others Not Liable to Adverse Claimant

§ 8-116. Securities Intermediary as Purchaser for Value

Part 2 - Issue and Issuer

§ 8-201. Issuer

§ 8-202. Issuer's Responsibility and Defenses; Notice of Defect or Defense

§ 8-203. Staleness as Notice of Defects or Defenses

§ 8-204. Effect of Issuer's Restrictions on Transfer

§ 8-205. Effect of Unauthorized Signature on Security Certificate

§ 8-206. Completion or Alteration of Security Certificate

§ 8-207. Rights and Duties of Issuer with Respect to Registered Owners

§ 8-208. Effect of Signature of Authenticating Trustee, Registrar, or Transfer Agent

§ 8-209. Issuer's Lien

§ 8-210. Overissue

Part 3 - Purchase

§ 8-301. Delivery

§ 8-302. Rights of Purchaser

§ 8-303. Protected Purchaser

§ 8-304. Indorsement

§ 8-305. Instruction

§ 8-306. Effect of Guaranteeing Signature, Indorsement, or Instruction

§ 8-307. Purchaser's Right to Requisites for Registration of Transfer

§ 8-308. Repealed by Laws 1995, SB 522, c. 242, § 70, eff. February 1, 1996

§ 8-309. Repealed by Laws 1995, SB 522, c. 242, § 70, eff. February 1, 1996

§ 8-310. Repealed by Laws 1995, SB 522, c. 242, § 70, eff. February 1, 1996

§ 8-311. Repealed by Laws 1995, SB 522, c. 242, § 70, eff. February 1, 1996

§ 8-312. Repealed by Laws 1995, SB 522, c. 242, § 70, eff. February 1, 1996

§ 8-313. Repealed by Laws 1995, SB 522, c. 242, § 70, eff. February 1, 1996

§ 8-314. Repealed by Laws 1995, SB 522, c. 242, § 70, eff. February 1, 1996

§ 8-315. Repealed by Laws 1995, SB 522, c. 242, § 70, eff. February 1, 1996

§ 8-316. Repealed by Laws 1995, SB 522, c. 242, § 70, eff. February 1, 1996

§ 8-317. Repealed by Laws 1995, SB 522, c. 242, § 70, eff. February 1, 1996

§ 8-318. Repealed by Laws 1995, SB 522, c. 242, § 70, eff. February 1, 1996

§ 8-319. Repealed by Laws 1995, SB 522, c. 242, § 70, eff. February 1, 1996

§ 8-320. Repealed by Laws 1995, SB 522, c. 242, § 70, eff. February 1, 1996

§ 8-321. Repealed by Laws 1995, SB 522, c. 242, § 70, eff. February 1, 1996

Part 4 - Registration

§ 8-401. Duty of Issuer to Register Transfer

§ 8-402. Assurance that Indorsement or Instruction is Effective

§ 8-403. Demand that Issuer not Register Transfer

§ 8-404. Wrongful Registration

§ 8-405. Replacement of Lost, Destroyed, or Wrongfully Taken Security Certificate

§ 8-405.1. Obligation to Notify Issuer of Lost, Destroyed, or Wrongfully Taken Security Certificate

§ 8-406. Authenticating Trustee, Transfer Agent, and Registrar

§ 8-407. Repealed by Laws 1995, HB 522, c. 242, § 70, eff. Febraury 1, 1996

§ 8-408. Repealed by Laws 1995, SB 522, c. 242, § 70, eff. February 1, 1996

Part 5 - Default

§ 8-501. Securities Account - Acquisition of Security Entitlement from Securities Intermediary

§ 8-502. Assertion of Adverse Claim Against Entitlement Holder

§ 8-503. Property Interest of Entitlement Holder in Financial Asset Held by Securities Intermediary

§ 8-504. Duty of Securities Intermediary to Maintain Financial Asset

§ 8-505. Duty of Securities Intermediary with Respect to Payments and Distributions

§ 8-506. Duty of Securities Intermediary to Exercise Rights as Directed by Entitlement Holder

§ 8-507. Duty of Securities Intermediary to Comply with Entitlement Order

§ 8-508. Duty of Securities Intermediary to Change Entitlement Holder's Position to Other Forms of Security Holding

§ 8-509. Specification of Duties of Securities Intermediary by Other Statute or Regulation; Manner of Performance of Duties of Securities Intermediary and Exercise of Rights of Entitlement Holder

§ 8-510. Rights of Purchaser of Security Entitlement from Entitlement Holder

§ 8-511. Priority Among Security Interests and Entitlement Holders

Part 6 - Savings Clause

§ 8-603. Savings Clause

Article 9 - Secured Transactions [Repealed] - See Below for Current Version of Article 9

Part 1 - Short Title, Applicability, and Definitions

§ 9-101. Repealed by Laws 2000, SB 1519, c. 371, § 185, eff. July 1, 2001

§ 9-102. Repealed by Laws 2000, SB 1519, c. 371, § 185, eff. July 1, 2001

§ 9-103. Repealed by Laws 1981, SB 1289, c. 194, § 46, eff. October 1, 1981

§ 9-103.1. Repealed by Laws 2000, SB 1519, c. 371, § 185, eff. July 1, 2001

§ 9-104. Repealed by Laws 2000, SB 1519, c. 371, § 185, eff. July 1, 2001

§ 9-105. Repealed by Laws 2000, SB 1519, c. 371, § 185, eff. July 1, 2001

§ 9-106. Repealed by Laws 2000, SB 1519, c. 371, § 185, eff. July 1, 2001

§ 9-107. Repealed by Laws 2000, SB 1519, c. 371, § 185, eff. July 1, 2001

§ 9-108. Repealed by Laws 2000, SB 1519, c. 371, § 185, eff. July 1, 2001

§ 9-109. Repealed by Laws 2000, SB 1519, c. 371, § 185, eff. July 1, 2001

§ 9-110. Repealed by Laws 2000, SB 1519, c. 371, § 185, eff. July 1, 2001

§ 9-111. Repealed by Laws 2000, SB 1519, c. 371, § 185, eff. July 1, 2001

§ 9-112. Repealed by Laws 2000, SB 1519, c. 371, § 185, eff. July 1, 2001

§ 9-113. Repealed by Laws 2000, SB 1519, c. 371, § 185, eff. July 1, 2001

§ 9-114. Repealed by Laws 2000, SB 1519, c. 371, § 185, eff. July 1, 2001

§ 9-115. Repealed by Laws 2000, SB 1519, c. 371, § 185, eff. July 1, 2001

§ 9-116. Repealed by Laws 2000, SB 1519, c. 371, § 185, eff. July 1, 2001

Part 2 - Validity of Security Agreement and Rights of Parties Thereto

§ 9-201. Repealed by Laws 2000, SB 1519, c. 371, § 185, eff. July 1, 2001

§ 9-202. Repealed by Laws 2000, SB 1519, c. 371, § 185, eff. July 1, 2001

§ 9-203. Repealed by Laws 2000, SB 1519, c. 371, § 185, eff. July 1, 2001

§ 9-204. Repealed by Laws 2000, SB 1519, c. 371, § 185, eff. July 1, 2001

§ 9-205. Repealed by Laws 2000, SB 1519, c. 371, § 185, eff. July 1, 2001

§ 9-206. Repealed by Laws 2000, SB 1519, c. 371, § 185, eff. July 1, 2001

§ 9-207. Repealed by Laws 2000, SB 1519, c. 371, § 185, eff. July 1, 2001

§ 9-208. Repealed by Laws 2000, SB 1519, c. 371, § 185, eff. July 1, 2001

Part 3 - Rights of Third Parties - Perfected and Unperfected Security Interest - Rules of Priority

§ 9-301. Repealed by Laws 2000, SB 1519, c. 371, § 185, eff. July 1, 2001

§ 9-302. Repealed by Laws 2000, SB 1519, c. 371, § 185, eff. July 1, 2001

§ 9-303. Repealed by Laws 2000, SB 1519, c. 371, § 185, eff. July 1, 2001

§ 9-304. Repealed by Laws 2000, SB 1519, c. 371, § 185, eff. July 1, 2001

§ 9-305. Repealed by Laws 2000, SB 1519, c. 371, § 185, eff. July 1, 2001

§ 9-306. Repealed by Laws 2000, SB 1519, c. 371, § 185, eff. July 1, 2001

§ 9-307. Repealed by Laws 2000, SB 1519, c. 371, § 185, eff. July 1, 2001

§ 9-307.1. Renumbered as 12A O.S. § 1-9-320.1 by Laws 2000, SB 1519, c. 371, § 183, eff. July 1, 2001

§ 9-307.2. Renumbered as 12A O.S. § 1-9-320.2 by Laws 2000, SB 1519, c. 371, § 183, eff. July 1, 2001

§ 9-307.3. Renumbered as 12A O.S. § 1-9-320.3 by Laws 2000, SB 1519, c. 371, § 183, eff. July 1, 2001

§ 9-307.4. Renumbered as 12A O.S. § 1-9-320.4 by Laws 2000, SB 1519, c. 371, § 183, eff. July 1, 2001

§ 9-307.5. Renumbered as 12A O.S. § 1-9-320.5 by Laws 2000, SB 1519, c. 371, § 183, eff. July 1, 2001

§ 9-307.6. Renumbered as 12A O.S. § 1-9-320.6 by Laws 2000, HB 1519, c. 371, § 183, eff. July 1, 2001

§ 9-307.7. Renumbered as 12A O.S. § 1-9-320.7 by Laws 2000, SB 1519, c. 371, § 183, eff. July 1, 2001

§ 9-307.8. Repealed by Laws 2000, SB 1519, c. 371, § 185, eff. July 1, 2001

§ 9-308. Repealed by Laws 2000, SB 1519, c. 371, § 185, eff. July 1, 2001

§ 9-309. Repealed by Laws 2000, SB 1519, c. 371, § 185, eff. July 1, 2001

§ 9-310. Repealed by Laws 2000, SB 1519, c. 371, § 185, eff. July 1, 2001

§ 9-311. Repealed by Laws 2000, SB 1519, c. 371, § 185, eff. July 1, 2001

§ 9-312. Repealed by Laws 2000, SB 1519, c. 371, § 185, eff. July 1, 2001

§ 9-313. Repealed by Laws 2000, SB 1519, c. 371, § 185, eff. July 1, 2001

§ 9-314. Repealed by Laws 2000, SB 1519, c. 371, § 185, eff. July 1, 2001

§ 9-315. Repealed by Laws 2000, SB 1519, c. 371, § 185, eff. July 1, 2001

§ 9-316. Repealed by Laws 2000, SB 1519, c. 371, § 185, eff. July 1, 2001

§ 9-317. Repealed by Laws 2000, SB 1519, c. 371, § 185, eff. July 1, 2001

§ 9-318. Repealed by Laws 2000, SB 1519, c. 371, § 185, eff. July 1, 2001

Part 4 - Filing

§ 9-401. Repealed by Laws 2000, SB 1519, c. 371, § 185, eff. July 1, 2001

§ 9-401A. Repealed by Laws 2000, SB 1519, c. 371, § 185, eff. July 1, 2001

§ 9-402. Repealed by Laws 2000, SB 1519, c. 371, § 185, eff. July 1, 2001

§ 9-403. Repealed by Laws 2000, SB 1519, c. 371, § 185, eff. July 1, 2001

§ 9-404. Repealed by Laws 2000, SB 1519, c. 371, § 185, eff. July 1, 2001

§ 9-405. Repealed by Laws 2000, SB 1519, c. 371, § 185, eff. July 1, 2001

§ 9-406. Repealed by Laws 2000, SB 1519, c. 371, § 185, eff. July 1, 2001

§ 9-407. Repealed by Laws 2000, SB 1519, c. 371, § 185, eff. July 1, 2001

§ 9-408. Repealed by Laws 2000, SB 1519, c. 371, § 185, eff. July 1, 2001

Part 5 - Default

§ 9-501. Repealed by Laws 2000, SB 1519, c. 371, § 185, eff. July 1, 2001

§ 9-502. Repealed by Laws 2000, SB 1519, c. 371, § 185, eff. July 1, 2001

§ 9-503. Repealed by Laws 2000, SB 1519, c. 371, § 185, eff. July 1, 2001

§ 9-504. Repealed by Laws 2000, SB 1519, c. 371, § 185, eff. July 1, 2001

§ 9-505. Repealed by Laws 2000, SB 1519, c. 371, § 185, eff. July 1, 2001

§ 9-506. Repealed by Laws 2000, SB 1519, c. 371, § 185, eff. July 1, 2001

§ 9-507. Repealed by Laws 2000, SB 1519, c. 371, § 185, eff. July 1, 2001

Article 9 - Secured Transactions

Part 1 - General Provisions

§ 1-9-101. Short Title

§ 1-9-102. Definitions and Index of Definitions

§ 1-9-103. Purchase-Money Security Interest - Application of Payments - Burden of Establishing

§ 1-9-104. Control of Deposit Account

§ 1-9-105. Control of Electronic Chattel Paper

§ 1-9-106. Control of Investment Property

§ 1-9-107. Control of Letter-of-Credit Right

§ 1-9-108. Sufficiency of Description

§ 1-9-109. Scope of Article

§ 1-9-110. Security Interests Arising Under Article 2 or 2A

Part 2 - Security Agreements - Effectiveness, Attachment of Security Interests Rights To Parties

§ 1-9-201. General Effectiveness of Security Agreement

§ 1-9-202. Title to Collateral Immaterial

§ 1-9-203. Attachment and Enforceability of Security Interest - Proceeds - Supporting Obligations - Formal Requisites

§ 1-9-204. After-Acquired Property - Future Advances

§ 1-9-205. Use or Disposition of Collateral Permissible

§ 1-9-206. Security Interest Arising in Purchase or Delivery of Financial Asset

§ 1-9-207. Rights and Duties of Secured Party Having Possession or Control of Collateral

§ 1-9-208. Additional Duties of Secured Party Having Control of Collateral

§ 1-9-209. Duties of Secured Party if Account Debtor Has Been Notified of Assignment

§ 1-9-210. Request for Accounting - Request Regarding List of Collateral or Statement of Account

Part 3 - Priority and Perfection

§ 1-9-301. Law Governing Perfection and Priority of Security Interests

§ 1-9-302. Law Governing Perfection and Priority of Agricultural Liens

§ 1-9-303. Law Governing Perfection and Priority of Security Interests in Goods Covered by a Certificate of Title

§ 1-9-304. Law Governing Perfection and Priority of Security Interests in Deposit Accounts

§ 1-9-305. Law Governing Perfection and Priority of Security Interests in Investment Property

§ 1-9-306. Law Governing Perfection and Priority of Security Interests in Letter-of-Credit Rights

§ 1-9-307. Location of Debtor

§ 1-9-308. When Security Interest or Agricultrual Lien is Perfected - Continuity of Perfection

§ 1-9-309. Security Interest Perfected Upon Attachment

§ 1-9-310. When Filing Required to Perfect Security Interest or Agricultural Lien - Security Interests and Agricultural Liens to Which Filing Provisions Do Not Apply

§ 1-9-311. Perfection of Security Interests in Property Subject to Certain Statutes, Regulations, and Treaties

§ 1-9-312. Perfection of Security Interests in Chattel Paper, Deposit Accounts, Documents, Goods Covered by Documents, Instructions, Investment Property, Letter-of-Credit Rights, and Money - Perfection by Permissive Filing - Temporary Perfection Without Filing or Transfer of Possession

§ 1-9-313. When Possession by or Delivery to Secured Party Perfects Security Interest Without Filing

§ 1-9-314. Perfection By Control

§ 1-9-315. Secured Party's Rights on Disposition of Collateral and in Proceeds

§ 1-9-316. Continued Perfection of Security Interest Following Change in Governing Law

§ 1-9-317. Interests That Take Priority Over or Take Free of Security Interest or Agricultural Lien

§ 1-9-318. Rights and Title of Seller of Account or Chattel Paper with Respect to Creditors and Purchasers

§ 1-9-319. Rights and Title of Consignee with Respect to Creditors and Purchasers

§ 1-9-320. Buyer of Goods

§ 1-9-320.1. Purpose

§ 1-9-320.2. Definitions - Requisites of an Effective Financing Statement

§ 1-9-320.3. Forms - Duty of Secretary of State

§ 1-9-320.4. Protection of Buyers of Farm Products, Commission Merchants and Selling Agents

§ 1-9-320.5. Immunity From Liability

§ 1-9-320.6. Central Filing System Relating to Farm Products

§ 1-9-320.6. Central Filing System Relating to Farm Products

§ 1-9-320.7. Written Notification Affecting Farm Products - Disclosure Requirements - Penalty

§ 1-9-321. Licensee of General Intangible and Lessee of Goods in Ordinary Course of Business

§ 1-9-322. Priorities Among Conflicting Security Interests in and Agricultural Liens on Same Collateral

§ 1-9-323. Future Advances

§ 1-9-324. Priority of Purchase-Money Security Interests

§ 1-9-325. Priority of Security Interests in Transferred Collateral

§ 1-9-326. Priority of Security Interests Created by New Debtor

§ 1-9-327. Priority of Security Interests in Deposit Account

§ 1-9-328. Priority of Security Interests in Investment Property

§ 1-9-329. Priority of Security Interests in Letter-of-Credit Right

§ 1-9-330. Priority of Purchaser of Chattel Paper or Instrument

§ 1-9-331. Priority of Rights of Purchasers of Instruments, Documents, and Securities Under Other Articles - Priority of Interests in Financial Assets and Security Entitlements Under Article 8

§ 1-9-332. Transfer of Money - Transfer of Funds from Deposit Account

§ 1-9-333. Priority of Certain Liens Arising by Operation of Law

§ 1-9-334. Priority of Security Interests in Fixtures and Crops

§ 1-9-335. Accessions

§ 1-9-336. Commingled Goods

§ 1-9-337. Priority of Security Interests in Goods Covered by Certificate of Title

§ 1-9-338. Priority of Security Interest or Agricultural Lien Perfected by Filed Financing Statement Providing Certain Incorrect Information

§ 1-9-339. Priority Subject to Subordination

§ 1-9-340. Effectiveness of Right of Recoupment or Set-Off Against Deposit Account

§ 1-9-341. Bank's Rights and Duties with Respect to Deposit Account

§ 1-9-342. Bank's Right to Refuse to Enter into or Disclose Existence of Control Agreement

Part 4 - Rights of the Third Party

§ 1-9-401. Alienability of Debtor's Rights

§ 1-9-402. Secured Party Not Obligated on Contract of Debtor or in Tort

§ 1-9-403. Agreement Not to Assert Defenses Against Assignee

§ 1-9-404. Rights Acquired by Assignee - Claims and Defenses Against Assignee

§ 1-9-405. Modification of Assigned Contract

§ 1-9-406. 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

§ 1-9-407. Restrictions on Creation or Enforcement of Security Interest in Leasehold Interest or in Lessor's Residual Interest

§ 1-9-408. Restrictions on Assignment of Promissory Notes, Health-Care-Insurance Receivables, and Certain General Intangibles Ineffective

§ 1-9-409. Restrictions on Assignment of Letter-of-Credit Rights Ineffective

Part 5 - Filing

§ 1-9-501. Filing Office

§ 1-9-502. Contents of Financing Statement - Record of Mortgage as Financing Statement - Time of Filing Financing Statement

§ 1-9-503. Name of Debtor and Secured Party

§ 1-9-504. Indication of Collateral

§ 1-9-505. Filing and Compliance with Other Statutes and Treaties for Consignments, Leases, Other Bailments, and Other Transactions

§ 1-9-506. Effect of Errors or Omissions

§ 1-9-507. Effect of Certain Events on Effectiveness of Financing Statement

§ 1-9-508. Effectiveness of Financing Statement if New Debtor Becomes Bound by Security Agreement

§ 1-9-509. Persons Entitled to File a Record

§ 1-9-510. Effectiveness of Filed Record

§ 1-9-511. Secured Party of Record

§ 1-9-512. Amendment of Financing Statement

§ 1-9-513. Termination Statement

§ 1-9-514. Assignment of Powers of Secured Party of Record

§ 1-9-515. Duration and Effectiveness of Financing Statement - Effect of Lapsed Financing Statement

§ 1-9-516. What Constitutes Filing - Effectiveness of Filing

§ 1-9-517. Effect of Indexing Errors

§ 1-9-518. Claim Concerning Inaccurate or Wrongfully Filed Record

§ 1-9-519. Numbering, Maintaining, and Indexing Records - Communicating Information Provided in Records

§ 1-9-520. Acceptance and Refusal to Accept Record

§ 1-9-521. Uniform Form of Written Financing Statement and Amendment

§ 1-9-522. Maintenance and Destruction of Records

§ 1-9-523. Information from Filing Office - Sale or License of Records

§ 1-9-524. Delay by Filing Office

§ 1-9-525. Fees

§ 1-9-525.1. Disposition of Fees

§ 1-9-526. Filing - Office Rules

§ 1-9-526.1. Procedures for Adopting Rules

§ 1-9-527. Duty to Report

Part 6 - Default

§ 1-9-601. Rights After Default - Judicial Enforcement - Consignor or Buyer of Accounts, Chattel Paper, Payment Intangibles, or Promissory Notes

§ 1-9-602. Waiver and Variance of Rights and Duties

§ 1-9-603. Agreement on Standards Concerning Rights and Duties

§ 1-9-604. Procedure if Security Agreement Covers Real Property or Fixtures

§ 1-9-605. Unknown Debtor or Secondary Obligor

§ 1-9-606. Time of Default for Agricultural Lien

§ 1-9-607. Collection and Enforcement by Secured Party

§ 1-9-608. Application of Proceeds of Collection or Enforcement - Liability for Deficiency and Right to Surplus

§ 1-9-609. Secured Party's Right to Take Possession After Default

§ 1-9-610. Disposition of Collateral After Default

§ 1-9-611. Notification Before Disposition of Collateral

§ 1-9-612. Timeliness of Notification Before Disposition of Collateral

§ 1-9-613. Contents and Form of Notification Before Disposition of Collateral: General

§ 1-9-614. Contents and Form of Notification Before Disposition of Collateral: Consumer-Goods Transaction

§ 1-9-615. Application of Proceeds of Disposition - Liability for Deficiency and Right to Surplus

§ 1-9-616. Explanation of Calculation of Surplus or Deficiency

§ 1-9-617. Rights of Transferee of Collateral

§ 1-9-618. Rights and Duties of Certain Secondary Obligors

§ 1-9-619. Transfer of Record or Legal Title

§ 1-9-620. Acceptance of Collateral in Full or Partial Satisfaction of Obligation - Compulsory Disposition of Collateral

§ 1-9-621. Notification of Proposal to Accept Collateral

§ 1-9-622. Effect of Acceptance of Collateral

§ 1-9-623. Right to Redeem Collateral

§ 1-9-624. Waiver

§ 1-9-625. Remedies for Secured Party's Failure to Comply With Article

§ 1-9-626. Action in Which Deficiency or Surplus is in Issue

§ 1-9-627. Determination of Whether Conduct Was Commercially Reasonable

§ 1-9-628. Nonliability and Limitation on Liability of Secured Party - Liability of Secondary Obligor

Part 7 - Transition

§ 1-9-701. [Blank]

§ 1-9-702. Savings Clause

§ 1-9-703. Security Interest Perfected Before Effective Date

§ 1-9-704. Security Interest Unperfected Before Effective Date

§ 1-9-705. Effectiveness of Action Taken Before Effective Date of Act

§ 1-9-706. When Initial Financing Statement Suffices to Continue Effectiveness of Financing Statement

§ 1-9-707. Persons Entitled to File Initial Financing Statement

§ 1-9-708. Persons Entitled to File Initial Financing Statement or Continuation Statement

§ 1-9-709. Priority

§ 1-9-710. Former Article 9 Records - Local Filing Offices

Article 10 - Effective Date and Repealer

§ 10-101. Repealed by Laws 1980, HB 1851, c. 68, § 1, emerg. eff. April 10, 1980

§ 10-102. Repealed by Laws 1980, HB 1851, c. 68, § 1, emerg. eff. April 10, 1980

§ 10-103. Repealed by Laws 1980, HB 1851, c. 68, § 1, emerg. eff. April 10, 1980

§ 10-104. Repealed by Laws 2005, HB 2035, c. 140, § 72, eff. January 1, 2006

Article 11 - Transitional Provisions

§ 11-101. Preservation of Old Transition Provision

§ 11-102. Transition to This Act - General Rule

§ 11-103. Transition Provision on Change of Requirement of Filing

§ 11-104. Transition Provision on Change of Place of Filing

§ 11-105. Required Refilings

§ 11-106. Transition Provisions as to Priorities

§ 11-107. Presumption that Rule of Law Continues Unchanged

Article 15 - Uniform Electronic Transactions Act

§ 15-101. Short Title

§ 15-102. Definitions

§ 15-103. Scope

§ 15-104. Prospective Application

§ 15-105. Use of Electronic Records and Electronic Signatures - Variation By Agreement

§ 15-106. Construction and Application

§ 15-107. Legal Recognition of Electronic Records, Electronic Signatures, and Electronic Contracts

§ 15-108. Provision of Information in Writing - Presentation of Records

§ 15-109. Attribution and Effect of Electronic Record and Electronic Signature

§ 15-110. Effect of Change or Error

§ 15-111. Notarization and Acknowledgment

§ 15-112. Retention of Electronic Records - Originals

§ 15-113. Admissibility in Evidence

§ 15-114. Automated Transaction

§ 15-115. Time and Place of Sending and Receipt

§ 15-116. Transferable Records

§ 15-117. Creation and Retention of Electronic Records and Conversion of Written Records by Governmental Agencies

§ 15-118. Acceptance and Distribution of Electronic Records by Governmental Agencies

§ 15-119. Interoperability

§ 15-120. Waiver of Information Transaction Laws by Governmental Agencies

§ 15-121. Acting as Registered Certification Authority

§ 15-121. Acting as Registered Certification Authority