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UNIFORM COMMERCIAL CODE SECURED TRANSACTIONS UNDER ARTICLE 9 191 (1978)

handle is hein.ali/alicc0174 and id is 1 raw text is: Secured Transactions; Sales of Accounts, Contract Rights and Chattel Paper (B) When the buyer fails to pay the price as it comes due under a contract of sale the seller may recover the price: (I) of securities accepted by the buyer; and (2) of other securities if efforts at their resale would be unduly burdensome or if there is no readily available market for their resale. HISTORY: 131 v S 48, eff. 11-4-65 Chapter 1309 SECURED TRANSACTIONS; SALES OF ACCOUNTS, CONTRACT RIGHTS AND CHATTEL PAPER APPLICABILITY AND DEFINITIONS 1309.01 Definitions 1309.02 Policy and scope 1309.03 Accounts. contract rights, general intangibles, and equipment relating to another jurisdiction, and in- coming goods already subject to a security interest 1309.03 Choice of law governing perfection of security in- terest by classes of property 1309.04 Transactions excluded 1309.05 Purchase money security interest defined 1309.06 When after-acquired collateral not security for ante- cedent debt 1309.07 Classification of goods, consumer goods, equipment, farm products, inventory defined 1309.08 Sufficiency of description 1309.09 Applicability of bulk transfer laws 1309.10 Collateral not owned by debtor 1309.11 Security interest 1309.111 Priorities between consignors and secured parties VALIDITY OF SECURITY AGREE- MENT AND RIGHTS OF PARTIES THERETO 1309.12 General validity of security agreement 1309.13 Title to collateral immaterial 1309.14 Enforceability of secured interest; proceeds, formal requisites 1309.14 Enforceability of secured interest; proceeds, formal requisites; when security interest attaches 1309.15 When security interest attaches; after-acquired property; future advances 1309.15 After-acquired property; future advances 1309.16 Use or disposition of collateral without accounting permissible 1309.17 Agreement not to assert defenses against assignee; modification of sales warranties where security agreement exists 1309.18 Rights and duties when collateral is in secured party's possession 1309.19 Request for statement of account or list of collateral RIGHTS OF THIRD PARTIES; PERFECTED AND UNPERFECTED SECURITY INTERESTS; RULES OF PRIORITY 1309.20 Persons who take priority over unperfected security interest; lien creditor defined 1309.21 1309.21 1309.22 1309.23 1309.24 1309.25 1309.26 1309.27 1309.28 1309.29 1309.30 1309.31 1309.32 1309.33 1309.34 1309.35 1309.36 1309.37 1309.38 1309.39 1309.40 1309.41 1309.42 1309.43 1309.43 I 1309.44 1309.45 1309.46 1309.47 When filing is required to perfect security interest; applicability When filing is required to perfect security interest; applicability. exceptions When security interest is perfected; continuity of perfection; effect of prior security interest Perfection of security interest in instruments, docu- ments, and goods covered by documents: perfec- tion by permissive filing; temporary perfection without filing or transfer of possession When possession by secured party perfects security interest without filing Proceeds defined; secured party's rights on disposi- tion of collateral Protection of buyers of goods Purchase of chattel paper and nonnegotiable instru- ments Protection of purchaser of instrument and document Priority of certain liens arising by operation of law Alienability of debtor's fights; judicial process Priorities among conflicting security interests in the same collateral Priority of security interests in fixtures Accessions Priority when goods are commingled or processed Priority subject to subordination Secured party not obligated on contract of debtor Defenses against assignee; modification of contract after notification of assignment; term prohibiting assignment ineffective; identification and proof of assignment FILING Place of filing; erroneous filing; removal of collateral Formal requisites of financing statement; amend- ments What constitutes filing; duration of filing; effect of lapsed filing; duties of filing officer Termination statement Assignment of security interest; duties of filing of- ficer: fees Release of collateral; duties of filing officer: fees Filing of financing statement by consignor or lessor; effects DEFAULT Default; procedure when security agreement covers both real and personal property Collection rights of secured party Secured party's right to take possession after default Secured party's right to dispose of collateral after de- fault; effect of disposition July 1978 Replacement Unit *~3;; **~ Ch 1309 44 ' i *1'. ,V .4'4 I j 2!!

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