Arizona Title 47 - Uniform Commercial Code
Chapter 1 - GENERAL PROVISIONS
Article 1 - Short Title, Construction, Application and Subject Matter of the Title
- §47-1101 Short title
- §47-1102 Scope of chapter
- §47-1103 Construction to promote purposes and policies; applicability of supplemental principles of law
- §47-1104 Construction against implied repeal
- §47-1105 Severability
- §47-1106 Use of singular and plural; gender
- §47-1107 Section captions
- §47-1108 Relation to electronic signatures in global and national commerce act
Article 2 - General Definitions and Principles of Interpretation
- §47-1201 General definitions
- §47-1202 Notice; knowledge
- §47-1203 Lease distinguished from security interest
- §47-1204 Value
- §47-1205 Reasonable time; "seasonably"
- §47-1206 Presumptions
Article 3 - Territorial Applicability and General Rules
- §47-1301 Territorial applicability; parties' power to choose applicable law
- §47-1302 Variation by agreement
- §47-1303 Course of performance; course of dealing and usage of trade
- §47-1304 Obligation of good faith
- §47-1305 Remedies to be liberally administered
- §47-1306 Waiver or renunciation of claim or right after breach
- §47-1307 Prima facie evidence by third party documents
- §47-1308 Performance or acceptance under reservation of rights
- §47-1309 Option to accelerate at will
- §47-1310 Subordinated obligation
Chapter 2 - SALES
Article 1 - Short Title, General Construction and Subject Matter
- §47-2101 Short title
- §47-2102 Scope; certain security and other transactions excluded from this chapter
- §47-2103 Definitions and index of definitions
- §47-2104 Definitions: "merchant"; "between merchants"; "financing agency"
- §47-2105 Definitions: transferability; "goods"; "future" goods; "lot"; "commercial unit"
- §47-2106 Definitions: "contract"; "agreement"; "contract for sale"; "sale"; "present sale"; "conforming" to contract; "termination"; "cancellation"
- §47-2107 Goods to be severed from realty; recording
Article 2 - Form, Formation and Readjustment of Contract
- §47-2201 Formal requirements; statute of frauds
- §47-2202 Final written expression: parol or extrinsic evidence
- §47-2203 Seals inoperative
- §47-2204 Formation in general
- §47-2205 Firm offers
- §47-2206 Offer and acceptance in formation of contract
- §47-2207 Additional terms in acceptance or confirmation
- §47-2209 Modification, rescission and waiver
- §47-2210 Delegation of performance; assignment of rights
Article 3 - General Obligation and Construction of Contract
- §47-2301 General obligations of parties
- §47-2302 Unconscionable contract or clause
- §47-2303 Allocation or division of risks
- §47-2304 Price payable in money, goods, realty, or otherwise
- §47-2305 Open price term
- §47-2306 Output, requirements and exclusive dealings
- §47-2307 Delivery in single lot or several lots
- §47-2308 Absence of specified place for delivery
- §47-2309 Absence of specific time provisions; notice of termination
- §47-2310 Open time for payment or running of credit; authority to ship under reservation
- §47-2311 Options and cooperation respecting performance
- §47-2312 Warranty of title and against infringement; buyer's obligation against infringement
- §47-2313 Express warranties by affirmation, promise, description, sample
- §47-2314 Implied warranty: merchantability; usage of trade
- §47-2315 Implied warranty: fitness for particular purpose
- §47-2316 Exclusion or modification of warranties
- §47-2317 Cumulation and conflict of warranties express or implied
- §47-2318 Third party beneficiaries of warranties express or implied
- §47-2319 F.O.B. and F.A.S. terms
- §47-2320 C.I.F. and C. & F. terms
- §47-2321 C.I.F. or C. & F.: "net landed weights"; "payment on arrival"; warranty of condition on arrival
- §47-2322 Delivery "ex-ship"
- §47-2323 Form of bill of lading required in overseas shipment; "overseas"
- §47-2324 "No arrival, no sale" term
- §47-2325 "Letter of credit" term; "confirmed credit"
- §47-2326 Sale on approval and sale or return; rights of creditors
- §47-2327 Special incidents of sale on approval and sale or return
- §47-2328 Sale by auction
Article 4 - Title, Creditors and Good Faith Purchases
- §47-2401 Passing of title; reservation for security; limited application of this section
- §47-2402 Rights of seller's creditors against sold goods
- §47-2403 Power to transfer; good faith purchase of goods; "entrusting"
Article 5 - Performance
- §47-2501 Insurable interest in goods; manner of identification of goods
- §47-2502 Buyer's right to goods on seller's insolvency
- §47-2503 Manner of seller's tender of delivery
- §47-2504 Shipment by seller
- §47-2505 Seller's shipment under reservation
- §47-2506 Rights of financing agency
- §47-2507 Effect of seller's tender; delivery on condition
- §47-2508 Cure by seller of improper tender or delivery; replacement
- §47-2509 Risk of loss in the absence of breach
- §47-2510 Effect of breach on risk of loss
- §47-2511 Tender of payment by buyer; payment by check
- §47-2512 Payment by buyer before inspection
- §47-2513 Buyer's right to inspection of goods
- §47-2514 When documents deliverable on acceptance; when on payment
- §47-2515 Preserving evidence of goods in dispute
Article 6 - Breach, Repudiation and Excuse
- §47-2601 Buyer's rights on improper delivery
- §47-2602 Manner and effect of rightful rejection
- §47-2603 Merchant buyer's duties as to rightfully rejected goods
- §47-2604 Buyer's options as to salvage of rightfully rejected goods
- §47-2605 Waiver of buyer's objections by failure to particularize
- §47-2606 What constitutes acceptance of goods
- §47-2607 Effect of acceptance; notice of breach; burden of establishing breach after acceptance; notice of claim or litigation to person answerable over
- §47-2608 Revocation of acceptance in whole or in part
- §47-2609 Right to adequate assurance of performance
- §47-2610 Anticipatory repudiation
- §47-2611 Retraction of anticipatory repudiation
- §47-2612 "Installment contract"; breach
- §47-2613 Casualty to identified goods
- §47-2614 Substituted performance
- §47-2615 Excuse by failure of presupposed conditions
- §47-2616 Procedure on notice claiming excuse
Article 7 - Remedies
- §47-2701 Remedies for breach of collateral contracts not impaired
- §47-2702 Seller's remedies on discovery of buyer's insolvency
- §47-2703 Seller's remedies in general
- §47-2704 Seller's right to identify goods to the contract notwithstanding breach or to salvage unfinished goods
- §47-2705 Seller's stoppage of delivery in transit or otherwise
- §47-2706 Seller's resale including contract for resale
- §47-2707 "Person in the position of a seller"
- §47-2708 Seller's damages for non-acceptance or repudiation
- §47-2709 Action for the price
- §47-2710 Seller's incidental damages
- §47-2711 Buyer's remedies in general; buyer's security interest in rejected goods
- §47-2712 "Cover"; buyer's procurement of substitute goods
- §47-2713 Buyer's damages for non-delivery or repudiation
- §47-2714 Buyer's damages for breach in regard to accepted goods
- §47-2715 Buyer's incidental and consequential damages
- §47-2716 Buyer's right to specific performance or replevin
- §47-2717 Deduction of damages from the price
- §47-2718 Liquidation or limitation of damages; deposits
- §47-2719 Contractual modification or limitation of remedy
- §47-2720 Effect of "cancellation" or "rescission" on claims for antecedent breach
- §47-2721 Remedies for fraud
- §47-2722 Who can sue third parties for injury to goods
- §47-2723 Proof of market price: time and place
- §47-2724 Admissibility of market quotations
- §47-2725 Statute of limitations in contracts for sale
Chapter 3 - NEGOTIABLE INSTRUMENTS
Article 1 - General Provisions and Definitions
- §47-3101 Short title
- §47-3102 Subject matter
- §47-3103 Definitions
- §47-3104 Negotiable instrument
- §47-3105 Issue of instrument
- §47-3106 Unconditional promise or order
- §47-3107 Instrument payable in foreign money
- §47-3108 Payable on demand or at definite time
- §47-3109 Payable to bearer or to order
- §47-3110 Identification of person to whom instrument is payable
- §47-3111 Place of payment
- §47-3112 Interest
- §47-3113 Date of instrument
- §47-3114 Contradictory terms of instrument
- §47-3115 Incomplete instrument
- §47-3116 Joint and several liability; contribution
- §47-3117 Other agreements affecting instrument
- §47-3118 Statute of limitations
- §47-3119 Notice of right to defend action
Article 2 - Negotiation, Transfer and Indorsement
- §47-3201 Negotiation
- §47-3202 Negotiation subject to rescission
- §47-3203 Transfer of instrument; rights acquired by transfer
- §47-3204 Indorsement
- §47-3205 Special indorsement; blank indorsement; anomalous indorsement
- §47-3206 Restrictive indorsement
- §47-3207 Reacquisition
Article 3 - Enforcement of Instruments
- §47-3301 Person entitled to enforce instrument
- §47-3302 Holder in due course
- §47-3303 Value and consideration
- §47-3304 Overdue instrument
- §47-3305 Defenses and claims in recoupment
- §47-3306 Claims to an instrument
- §47-3307 Notice of breach of fiduciary duty
- §47-3308 Proof of signatures and status as holder in due course
- §47-3309 Enforcement of lost, destroyed or stolen instrument
- §47-3310 Effect of instrument on obligation for which taken
- §47-3311 Accord and satisfaction by use of instrument
Article 4 - Liability of Parties
- §47-3401 Signature
- §47-3402 Signature by representative
- §47-3403 Unauthorized signature
- §47-3404 Impostors; fictitious payees
- §47-3405 Employer's responsibility for fraudulent indorsement by employee
- §47-3406 Negligence contributing to forged signature or alteration of instrument
- §47-3407 Alteration
- §47-3408 Drawee not liable on unaccepted draft
- §47-3409 Acceptance of draft; certified check
- §47-3410 Acceptance varying draft
- §47-3411 Refusal to pay cashier's checks, teller's checks and certified checks
- §47-3412 Obligation of issuer of note or cashier's check
- §47-3413 Obligation of acceptor
- §47-3414 Obligation of drawer
- §47-3415 Obligation of indorser
- §47-3416 Transfer warranties
- §47-3417 Presentment warranties
- §47-3418 Payment or acceptance by mistake
- §47-3419 Instruments signed for accommodation
- §47-3420 Conversion of instrument
Article 5 - Dishonor
- §47-3501 Presentment
- §47-3502 Dishonor
- §47-3503 Notice of dishonor
- §47-3504 Excused presentment and notice of dishonor
- §47-3505 Evidence of dishonor
Article 6 - Discharge and Payment
- §47-3601 Discharge and effect of discharge
- §47-3602 Payment
- §47-3603 Tender of payment
- §47-3604 Discharge by cancellation or renunciation
- §47-3605 Discharge of indorsers and accommodation parties
Chapter 4 - BANK DEPOSITS AND COLLECTIONS
Article 1 - General Provisions and Definitions
- §47-4101 Short title
- §47-4102 Applicability
- §47-4103 Variation by agreement; measure of damages; action constituting ordinary care
- §47-4104 Definitions and index of definitions
- §47-4105 "Bank"; "depositary bank"; "payor bank"; "intermediary bank"; "collecting bank"; "presenting bank"
- §47-4106 Payable through or payable at bank; collecting bank
- §47-4107 Separate office of bank
- §47-4108 Time of receipt of items
- §47-4109 Delays
- §47-4110 Electronic presentment
- §47-4111 Statute of limitations
Article 2 - Collection of Items; Depositary and Collecting Banks
- §47-4201 Status of collecting bank as agent and provisional status of credits; applicability of chapter; item indorsed "pay any bank"
- §47-4202 Responsibility for collection or return; when action timely
- §47-4203 Effect of instructions
- §47-4204 Methods of sending and presenting; sending directly to payor bank
- §47-4205 Depositary bank holder of unindorsed item
- §47-4206 Transfer between banks
- §47-4207 Transfer warranties
- §47-4208 Presentment warranties
- §47-4209 Encoding and retention warranties
- §47-4210 Security interest of collecting bank in items, accompanying documents and proceeds
- §47-4211 When bank gives value for purposes of holder in due course
- §47-4212 Presentment by notice of item not payable by, through or at a bank; liability of drawer or indorser
- §47-4213 Medium and time of settlement by bank
- §47-4214 Right of charge-back or refund; liability of collecting bank; return of item
- §47-4215 Final payment of item by payor bank; when provisional debits and credits become final; when certain credits become available for withdrawal
- §47-4216 Insolvency and preference
Article 3 - Collection of Items; Payor Banks
- §47-4301 Deferred posting; recovery of payment by return of items; time of dishonor; return of items by payor bank
- §47-4302 Payor bank's responsibility for late return of item
- §47-4303 When items subject to notice, stop-payment order, legal process or setoff; order in which items may be charged or certified
Article 4 - Relationship Between Payor Bank and Its Customer
- §47-4401 When bank may charge customer's account
- §47-4402 Bank's liability to customer for wrongful dishonor; time of determining insufficiency of amount
- §47-4403 Customer's right to stop payment; burden of proof of loss
- §47-4404 Bank not obligated to pay check more than six months old
- §47-4405 Death or incompetence of customer
- §47-4406 Customer's duty to discover and report unauthorized signature or alteration
- §47-4407 Payor bank's right to subrogation on improper payment
Article 5 - Collection of Documentary Drafts
- §47-4501 Handling of documentary drafts; duty to send for presentment and to notify customer of dishonor
- §47-4502 Presentment of "on arrival" drafts
- §47-4503 Responsibility of presenting bank for documents and goods; report of reasons for dishonor; referee in case of need
- §47-4504 Privilege of presenting bank to deal with goods; security interest for expenses
Chapter 5 - LETTERS OF CREDIT
Chapter 7 - DOCUMENTS OF TITLE
Article 1 - General
- §47-7101 Short title
- §47-7102 Definitions and index of definitions
- §47-7103 Relation of chapter to treaty or statute
- §47-7104 Negotiable and nonnegotiable document of title
- §47-7105 Reissuance in alternative medium
- §47-7106 Control of electronic document of title
Article 2 - Warehouse Receipts: Special Provisions
- §47-7201 Person that may issue a warehouse receipt; storage under bond
- §47-7202 Form of warehouse receipt; effect of omission
- §47-7203 Liability for nonreceipt or misdescription
- §47-7204 Duty of care; contractual limitation of warehouse's liability
- §47-7205 Title under warehouse receipt defeated in certain cases
- §47-7206 Termination of storage at warehouse's option
- §47-7207 Goods must be kept separate; fungible
- §47-7208 Altered warehouse receipts
- §47-7209 Lien of warehouse
- §47-7210 Enforcement of warehouse's liens
Article 3 - Bills of Lading: Special Provisions
- §47-7301 Liability for nonreceipt or misdescription; "said to contain"; "shipper's weight, load and count"; improper handling
- §47-7302 Through bills of lading and similar documents of title
- §47-7303 Diversion; reconsignment; change of instructions
- §47-7304 Tangible bills of lading in a set
- §47-7305 Destination bills
- §47-7306 Altered bills of lading
- §47-7307 Lien of carrier
- §47-7308 Enforcement of carrier's lien
- §47-7309 Duty of care; contractual limitation of carrier's liability
Article 4 - Warehouse Receipts and Bills of Lading: General Obligations
- §47-7401 Irregularities in issue of receipt or bill or conduct of issuer
- §47-7402 Duplicate document of title; overissue
- §47-7403 Obligation of bailee to deliver; excuse
- §47-7404 No liability for good faith delivery pursuant to document of title
Article 5 - Warehouse Receipts and Bills of Lading: Negotiation and Transfer
- §47-7501 Form of negotiation and requirements of due negotiation
- §47-7502 Rights acquired by due negotiation
- §47-7503 Document of title to goods defeated in certain cases
- §47-7504 Rights acquired in absence of due negotiation; effect of diversion; stoppage of delivery
- §47-7505 Indorser not guarantor for other parties
- §47-7506 Delivery without indorsement; right to compel indorsement
- §47-7507 Warranties on negotiation or delivery of document of title
- §47-7508 Warranties of collecting bank as to documents of title
- §47-7509 Adequate compliance with commercial contract
Article 6 - Warehouse Receipts and Bills of Lading: Miscellaneous Provisions
- §47-7601 Lost, stolen or destroyed documents of title
- §47-7602 Judicial process against goods covered by negotiable document of title
- §47-7603 Conflicting claims; interpleader
Article 7 - Miscellaneous Provisions
Chapter 8 - INVESTMENT SECURITIES
Article 1 - Short Title and General Matters
- §47-8101 Short title
- §47-8102 Definitions
- §47-8103 Rules for determining whether certain obligations and interests as securities or financial assets
- §47-8104 Acquisition of security or financial asset or interest therein
- §47-8105 Notice of adverse claim
- §47-8106 Control
- §47-8107 Whether indorsement, instruction or entitlement order is effective
- §47-8108 Warranties in direct holding
- §47-8109 Warranties in indirect holding
- §47-8110 Applicability; choice of law
- §47-8111 Clearing corporation rules
- §47-8112 Creditor's legal process
- §47-8113 Statute of frauds inapplicable
- §47-8114 Evidentiary rules concerning certificated securities
- §47-8115 Securities intermediary and others not liable to adverse claimant
- §47-8116 Securities intermediary as purchaser for value
Article 2 - Issue and Issuer
- §47-8201 Issuer
- §47-8202 Issuer's responsibility and defenses; notice of defect or defense
- §47-8203 Staleness as notice of defect or defense
- §47-8204 Effect of issuer's restriction on transfer
- §47-8205 Effect of unauthorized signature on security certificate
- §47-8206 Completion or alteration of security certificate
- §47-8207 Rights and duties of issuer with respect to registered owners
- §47-8208 Effect of signature of authenticating trustee, registrar or transfer agent
- §47-8209 Issuer's lien
- §47-8210 Overissue
Article 3 - Transfer of Certificated and Uncertificated Securities
- §47-8301 Delivery
- §47-8302 Rights of purchaser
- §47-8303 Protected purchaser
- §47-8304 Indorsement
- §47-8305 Instruction
- §47-8306 Effect of guaranteeing signature, indorsement or instruction
- §47-8307 Purchaser's right to requisites for registration of transfer
Article 4 - Registration
- §47-8401 Duty of issuer to register transfer
- §47-8402 Assurance that indorsement or instruction is effective; definitions
- §47-8403 Demand that issuer not register transfer
- §47-8404 Wrongful registration
- §47-8405 Replacement of lost, destroyed or wrongfully taken security certificate
- §47-8406 Obligation to notify issuer of lost, destroyed or wrongfully taken security certificate
- §47-8407 Authenticating trustee, transfer agent and registrar
Article 5 - Security Entitlements
- §47-8501 Securities account; acquisition of security entitlement from securities intermediary
- §47-8502 Assertion of adverse claim against entitlement holder
- §47-8503 Property interest of entitlement holder in financial asset held by securities intermediary
- §47-8504 Duty of securities intermediary to maintain financial asset
- §47-8505 Duty of securities intermediary with respect to payments and distributions
- §47-8506 Duty of securities intermediary to exercise rights as directed by entitlement holder
- §47-8507 Duty of securities intermediary to comply with entitlement order
- §47-8508 Duty of securities intermediary to change entitlement holder's position to other form of security holding
- §47-8509 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
- §47-8510 Rights of purchaser of security entitlement from entitlement holder
- §47-8511 Priority among security interests and entitlement holders
Chapter 9 - SECURED TRANSACTIONS
Article 1 - General Provisions
- §47-9101 Short title
- §47-9102 Definitions and index of definitions
- §47-9103 Purchase money security interest; application of payments; burden of establishing
- §47-9104 Control of deposit account
- §47-9105 Control of electronic chattel paper
- §47-9106 Control of investment property
- §47-9107 Control of letter-of-credit right
- §47-9108 Sufficiency of description
- §47-9109 Scope
- §47-9110 Security interests arising under sales and leases
Article 2 - Effectiveness of Security Agreement, Attachment of Security Interest and Rights of Parties to Security Agreement
- §47-9201 General effectiveness of security agreement
- §47-9202 Title to collateral immaterial
- §47-9203 Attachment and enforceability of security interest; proceeds; supporting obligations; formal requisites
- §47-9204 After-acquired property; future advances
- §47-9205 Use or disposition of collateral permissible
- §47-9206 Security interest arising in purchase or delivery of financial asset
- §47-9207 Rights and duties of secured party having possession or control of collateral
- §47-9208 Additional duties of secured party having control of collateral
- §47-9209 Duties of secured party if account debtor has been notified of assignment
- §47-9210 Request for accounting; request regarding list of collateral or statement of account
Article 3 - Perfection and Priority
- §47-9301 Law governing perfection and priority of security interests
- §47-9302 Law governing perfection and priority of agricultural liens
- §47-9303 Law governing perfection and priority of security interests in goods covered by a certificate of title
- §47-9304 Law governing perfection and priority of security interests in deposit accounts
- §47-9305 Law governing perfection and priority of security interests in investment property
- §47-9306 Law governing perfection and priority of security interests in letter-of-credit rights
- §47-9307 Location of debtor
- §47-9308 When security interest or agricultural lien is perfected; continuity of perfection
- §47-9309 Security interest perfected on attachment
- §47-9310 When filing required to perfect security interest or agricultural lien; security interests and agricultural liens to which filing provisions do not apply
- §47-9311 Perfection of security interests in property subject to certain statutes, regulations and treaties
- §47-9312 Perfection of security interests in chattel paper, deposit accounts, documents, goods covered by documents, instruments, investment property, letter‑of‑credit rights and money; perfection by permissive filing; temporary perfection without filing or transfer of possession
- §47-9313 When possession by or delivery to secured party perfects security interest without filing
- §47-9314 Perfection by control
- §47-9315 Secured party's rights on disposition of collateral and in proceeds
- §47-9316 Continued perfection of security interest following change in governing law
- §47-9317 Interests that take priority over or take free of security interest or agricultural lien
- §47-9318 No interest retained in right to payment that is sold; rights and title of seller of account or chattel paper with respect to creditors and purchasers
- §47-9319 Rights and title of consignee with respect to creditors and purchasers
- §47-9320 Buyer of goods
- §47-9321 Licensee of general intangible and lessee of goods in ordinary course of business
- §47-9322 Priorities among conflicting security interests in and agricultural liens on same collateral
- §47-9323 Future advances
- §47-9324 Priority of purchase money security interests
- §47-9325 Priority of security interests in transferred collateral
- §47-9326 Priority of security interests created by new debtor
- §47-9327 Priority of security interests in deposit account
- §47-9328 Priority of security interests in investment property
- §47-9329 Priority of security interests in letter-of-credit right
- §47-9330 Priority of purchaser of chattel paper or instrument
- §47-9331 Priority of rights of purchasers of instruments, documents and securities under other chapters; priority of interests in financial assets and security entitlements under chapter 8 of this title
- §47-9332 Transfer of money; transfer of funds from deposit account
- §47-9333 Priority of certain liens arising by operation of law
- §47-9334 Priority of security interests in fixtures and crops
- §47-9335 Accessions
- §47-9336 Commingled goods
- §47-9337 Priority of security interests in goods covered by certificate of title
- §47-9338 Priority of security interest or agricultural lien perfected by filed financing statement providing certain incorrect information
- §47-9339 Priority subject to subordination
- §47-9340 Effectiveness of right of recoupment or setoff against deposit account
- §47-9341 Bank's rights and duties with respect to deposit account
- §47-9342 Bank's right to refuse to enter into or disclose existence of control agreement
Article 4 - Rights of Third Parties
- §47-9401 Alienability of debtor's rights
- §47-9402 Secured party not obligated on contract of debtor or in tort
- §47-9403 Agreement not to assert defenses against assignee
- §47-9404 Rights acquired by assignee; claims and defenses against assignee
- §47-9405 Modification of assigned contract
- §47-9406 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
- §47-9407 Restrictions on creation or enforcement of security interest in leasehold interest or in lessor's residual interest
- §47-9408 Restrictions on assignment of promissory notes, health‑care‑insurance receivables and certain general intangibles ineffective
- §47-9409 Restrictions on assignment of letter‑of‑credit rights ineffective
Article 5 - Filing
- §47-9501 Filing office
- §47-9502 Contents of financing statement; record of mortgage as financing statement; time of filing financing statement
- §47-9503 Name of debtor and secured party
- §47-9504 Indication of collateral
- §47-9505 Filing and compliance with other statutes and treaties for consignments, leases, other bailments and other transactions
- §47-9506 Effect of errors or omissions
- §47-9507 Effect of certain events on effectiveness of financing statement
- §47-9508 Effectiveness of financing statement if new debtor becomes bound by security agreement
- §47-9509 Persons entitled to file a record
- §47-9510 Effectiveness of filed record
- §47-9511 Secured party of record
- §47-9512 Amendment of financing statement
- §47-9513 Termination statement
- §47-9514 Assignment of powers of secured party of record
- §47-9515 Duration and effectiveness of financing statement; effect of lapsed financing statement
- §47-9516 What constitutes filing; effectiveness of filing
- §47-9517 Effect of indexing errors
- §47-9518 Claim concerning inaccurate or wrongfully filed record
- §47-9519 Numbering, maintaining and indexing records; communicating information provided in records
- §47-9520 Acceptance and refusal to accept record
- §47-9521 Uniform form of written financing statement and amendment
- §47-9522 Maintenance and destruction of records
- §47-9523 Information from filing office; sale or license of records
- §47-9524 Delay by filing office
- §47-9525 Fees
- §47-9526 Filing office rules
- §47-9527 Unauthorized records; material misstatements; false claims; liability; special action; damages; violation; classification
- §47-9528 Nonconsensual lien
Article 6 - Default
- §47-9601 Rights after default; judicial enforcement; consignor or buyer of accounts, chattel paper, payment intangibles or promissory notes
- §47-9602 Waiver and variance of rights and duties
- §47-9603 Agreement on standards concerning rights and duties
- §47-9604 Procedure if security agreement covers real property or fixtures
- §47-9605 Unknown debtor or secondary obligor
- §47-9606 Time of default for agricultural lien
- §47-9607 Collection and enforcement by secured party
- §47-9608 Application of proceeds of collection or enforcement; liability for deficiency and right to surplus
- §47-9609 Secured party's right to take possession after default
- §47-9610 Disposition of collateral after default
- §47-9611 Notification before disposition of collateral
- §47-9612 Timeliness of notification before disposition of collateral
- §47-9613 Contents and form of notification before disposition of collateral; general
- §47-9614 Contents and form of notification before disposition of collateral: consumer goods transaction
- §47-9615 Application of proceeds of disposition; liability for deficiency and right to surplus
- §47-9616 Explanation of calculation of surplus or deficiency; definitions
- §47-9617 Rights of transferee of collateral
- §47-9618 Rights and duties of certain secondary obligors
- §47-9619 Transfer of record or legal title; definition
- §47-9620 Acceptance of collateral in full or partial satisfaction of obligation; compulsory disposition of collateral
- §47-9621 Notification of proposal to accept collateral
- §47-9622 Effect of acceptance of collateral
- §47-9623 Right to redeem collateral
- §47-9624 Waiver
- §47-9625 Remedies for secured party's failure to comply with chapter
- §47-9626 Action in which deficiency or surplus is in issue
- §47-9627 Determination of whether conduct was commercially reasonable
- §47-9628 Nonliability and limitation on liability of secured party; liability of secondary obligor
Article 7 - Transition
- §47-9701 Effective date
- §47-9702 Savings clause
- §47-9703 Security interest perfected before effective date
- §47-9704 Security interest unperfected before effective date
- §47-9705 Effectiveness of action taken before effective date
- §47-9706 When initial financing statement suffices as continuation statement
- §47-9707 Amendment of pre‑effective‑date financing statement; definition
- §47-9708 Persons entitled to file initial financing statement or continuation statement
- §47-9709 Priority
Chapter 10 - MISCELLANEOUS
Chapter 2A - LEASES
Article 1 - General Provisions
- §47-2A101 Short Title
- §47-2A102 Scope
- §47-2A103 Definitions and index of definitions
- §47-2A104 Leases subject to other law
- §47-2A105 Territorial application of chapter to goods covered by certificate of title
- §47-2A106 Limitation on power of parties to consumer lease to choose applicable law and judicial forum
- §47-2A107 Waiver or renunciation of claim or right after default
- §47-2A108 Unconscionability
- §47-2A109 Option to accelerate at will
Article 2 - Formation and Construction of Lease Contract
- §47-2A201 Statute of frauds
- §47-2A202 Final written expression; parol or extrinsic evidence
- §47-2A203 Seals inoperative
- §47-2A204 Formation in general
- §47-2A205 Firm offers
- §47-2A206 Offer and acceptance in formation of lease contract
- §47-2A208 Modification, rescission and waiver
- §47-2A209 Lessee under finance lease as beneficiary of supply contract
- §47-2A210 Express warranties
- §47-2A211 Warranties against interference and against infringement; lessee's obligation against infringement
- §47-2A212 Implied warranty of merchantability
- §47-2A213 Implied warranty of fitness for particular purpose
- §47-2A214 Exclusion or modification of warranties
- §47-2A215 Cumulation and conflict of warranties express or implied
- §47-2A216 Third-party beneficiaries of express and implied warranties
- §47-2A217 Identification
- §47-2A218 Insurance and proceeds
- §47-2A219 Risk of loss
- §47-2A220 Effect of default on risk of loss
- §47-2A221 Casualty to identified goods
Article 3 - Effect of Lease Contract
- §47-2A301 Enforceability of lease contract
- §47-2A302 Title to and possession of goods
- §47-2A303 Alienability of party's interest under lease contract or of lessor's residual interest in goods; delegation of performance; transfer of rights
- §47-2A304 Subsequent lease of goods by lessor
- §47-2A305 Sale or sublease of goods by lessee
- §47-2A306 Priority of certain liens arising by operation of law
- §47-2A307 Priority of liens arising by attachment or levy on, security interests in and other claims to goods
- §47-2A308 Special rights of creditors
- §47-2A309 Lessor's and lessee's rights when goods become fixtures
- §47-2A310 Lessor's and lessee's rights when goods become accessions
- §47-2A311 Priority subject to subordination
Article 4 - Performance of Lease Contract Repudiated, Substituted and Excused
- §47-2A401 Insecurity; adequate assurance of performance
- §47-2A402 Anticipatory repudiation
- §47-2A403 Retraction of anticipatory repudiation
- §47-2A404 Substituted performance
- §47-2A405 Excused performance
- §47-2A406 Procedure on excused performance
- §47-2A407 Irrevocable promises; finance leases
Article 5 - Default
- §47-2A501 Default; procedure
- §47-2A502 Notice after default
- §47-2A503 Modification or impairment of rights and remedies
- §47-2A504 Liquidation of damages
- §47-2A505 Cancellation and termination and effect of cancellation, termination, rescission or fraud on rights and remedies
- §47-2A506 Statute of limitations
- §47-2A507 Proof of market rent; time and place
- §47-2A508 Lessee's remedies
- §47-2A509 Lessee's rights on improper delivery; rightful rejection
- §47-2A510 Installment lease contracts; rejection and default
- §47-2A511 Merchant lessee's duties as to rightfully rejected goods
- §47-2A512 Lessee's duties as to rightfully rejected goods
- §47-2A513 Cure by lessor of improper tender or delivery; replacement
- §47-2A514 Waiver of lessee's objections
- §47-2A515 Acceptance of goods
- §47-2A516 Effect of acceptance of goods; notice of default; burden of establishing default after acceptance; notice of claim or litigation to person answerable over
- §47-2A517 Revocation of acceptance of goods
- §47-2A518 Cover; substitute goods
- §47-2A519 Lessee's damages for nondelivery, repudiation, default and breach of warranty in regard to accepted goods
- §47-2A520 Lessee's incidental and consequential damages
- §47-2A521 Lessee's right to specific performance or replevin
- §47-2A522 Lessee's right to goods on lessor's insolvency
- §47-2A523 Lessor's remedies
- §47-2A524 Lessor's right to identify goods to lease contract
- §47-2A525 Lessor's right to possession of goods
- §47-2A526 Lessor's stoppage of delivery in transit or otherwise
- §47-2A527 Lessor's rights to dispose of goods
- §47-2A528 Lessor's damages for nonacceptance, failure to pay, repudiation or other default
- §47-2A529 Lessor's action for the rent
- §47-2A530 Lessor's incidental damages
- §47-2A531 Standing to sue third parties for injury to goods
- §47-2A532 Lessor's rights to residual interest
Chapter 4A - FUNDS TRANSFERS
Article 1 - Subject Matter and Definitions
- §47-4A101 Short title
- §47-4A102 Subject matter
- §47-4A103 Payment order; definitions
- §47-4A104 Funds transfer; definitions
- §47-4A105 Other definitions
- §47-4A106 Time payment order is received
- §47-4A107 Federal reserve regulations and operating circulars
- §47-4A108 Exclusion of consumer transactions governed by federal law
Article 2 - Issue and Acceptance of Payment Order
- §47-4A201 Security procedure
- §47-4A202 Authorized and verified payment orders
- §47-4A203 Unenforceability of certain verified payment orders
- §47-4A204 Refund of payment and duty of customer to report with respect to unauthorized payment order
- §47-4A205 Erroneous payment orders
- §47-4A206 Transmission of payment order through funds-transfer or other communication system
- §47-4A207 Misdescription of beneficiary
- §47-4A208 Misdescription of intermediary bank or beneficiary's bank
- §47-4A209 Acceptance of payment order
- §47-4A210 Rejection of payment order
- §47-4A211 Cancellation and amendment of payment order
- §47-4A212 Liability and duty of receiving bank regarding unaccepted payment order
Article 3 - Execution of Sender's Payment Order by Receiving Bank
- §47-4A301 Execution and execution date
- §47-4A302 Obligations of receiving bank in execution of payment order
- §47-4A303 Erroneous execution of payment order
- §47-4A304 Duty of sender to report erroneously executed payment order
- §47-4A305 Liability for late or improper execution or failure to execute payment order
Article 4 - Payment
- §47-4A401 Payment date
- §47-4A402 Obligation of sender to pay receiving bank
- §47-4A403 Payment by sender to receiving bank
- §47-4A404 Obligation of beneficiary's bank to pay and give notice to beneficiary
- §47-4A405 Payment by beneficiary's bank to beneficiary
- §47-4A406 Payment by originator to beneficiary; discharge of underlying obligation
Article 5 - Miscellaneous Provisions
- §47-4A501 Variation by agreement and effect of funds-transfer system rule
- §47-4A502 Creditor process served on receiving bank; setoff by beneficiary's bank
- §47-4A503 Injunction or restraining order with respect to funds transfer
- §47-4A504 Order in which items and payment orders may be charged to account; order of withdrawals from account
- §47-4A505 Preclusion of objection to debit of customer's account
- §47-4A506 Rate of interest
- §47-4A507 Choice of law