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2019 Connecticut General Statutes
Title 42a - Uniform Commercial Code
Article 9 - Secured Transactions
PART 1
GENERAL PROVISIONS
EFFECTIVENESS OF SECURITY AGREEMENT;ATTACHMENT OF SECURITY INTEREST;RIGHTS OF PARTIES TO SECURITY AGREEMENT
PERFECTION AND PRIORITY
RIGHTS OF THIRD PARTIES
FILING
DEFAULT
TRANSITION
TRANSITION PROVISIONS
GENERAL PROVISIONS
- Section 42a-9-101 - Short title.
- Section 42a-9-102 - Definitions and index of definitions.
- Section 42a-9-103 - Accounts, contract rights, general intangibles and equipment relating to another jurisdiction; incoming goods already subject to security interest.
- Section 42a-9-103a - Purchase-money security interest.
- Section 42a-9-104 - Control of deposit account.
- Section 42a-9-105 - Control of electronic chattel paper.
- Section 42a-9-106 - Control of investment property.
- Section 42a-9-107 - Control of letter-of-credit right.
- Section 42a-9-108 - Sufficiency of description.
- Section 42a-9-109 - Scope.
- Section 42a-9-110 - Security interests arising under article 2 or 2A.
- Section 42a-9-111 - Applicability of bulk transfer laws.
- Section 42a-9-112 to 42a-9-116 - Where collateral is not owned by debtor. Security interests arising under article 2 on sales. Consignment. Investment property. Security interest arising in purchase or delivery of financial asset.
EFFECTIVENESS OF SECURITY AGREEMENT;ATTACHMENT OF SECURITY INTEREST;RIGHTS OF PARTIES TO SECURITY AGREEMENT
- Section 42a-9-201 - General effectiveness of security agreement.
- Section 42a-9-202 - Title to collateral immaterial.
- Section 42a-9-203 - Attachment and enforceability of security interest. Proceeds. Supporting obligations. Formal requisites.
- Section 42a-9-204 - After-acquired property. Future advances.
- Section 42a-9-205 - Use or disposition of collateral permissible.
- Section 42a-9-206 - Security interest arising in purchase or delivery of financial asset.
- Section 42a-9-206a - Effectiveness of security agreement in household furniture.
- Section 42a-9-207 - Rights and duties of secured party having possession or control of collateral.
- Section 42a-9-208 - Additional duties of secured party having control of collateral.
- Section 42a-9-209 - Duties of secured party if account debtor has been notified of assignment.
- Section 42a-9-210 - Request for accounting. Request regarding list of collateral or statement of account.
PERFECTION AND PRIORITY
- Section 42a-9-301 - Law governing perfection and priority of security interests.
- Section 42a-9-302 - Law governing perfection and priority of agricultural liens.
- Section 42a-9-303 - Law governing perfection and priority of security interests in goods covered by a certificate of title.
- Section 42a-9-304 - Law governing perfection and priority of security interests in deposit accounts.
- Section 42a-9-305 - Law governing perfection and priority of security interests in investment property.
- Section 42a-9-306 - Law governing perfection and priority of security interests in letter-of-credit rights.
- Section 42a-9-307 - Location of debtor.
- Section 42a-9-308 - When security interest or agricultural lien is perfected. Continuity of perfection.
- Section 42a-9-309 - Security interest perfected upon attachment.
- Section 42a-9-310 - When filing required to perfect security interest or agricultural lien. Security interests and agricultural liens. Security interests and agricultural liens to which filing provisions do not apply.
- Section 42a-9-311 - Perfection of security interests in property subject to certain statutes, regulations and treaties.
- Section 42a-9-312 - 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.
- Section 42a-9-313 - When possession by or delivery to secured party perfects security interest without filing.
- Section 42a-9-314 - Perfection by control.
- Section 42a-9-315 - Secured party's rights on disposition of collateral and in proceeds.
- Section 42a-9-316 - Effect of change in governing law.
- Section 42a-9-317 - Interests that take priority over or take free of security interest or agricultural lien.
- Section 42a-9-318 - 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.
- Section 42a-9-319 - Rights and title of consignee with respect to creditors and purchasers.
- Section 42a-9-320 - Buyer of goods.
- Section 42a-9-321 - Licensee of general intangible and lessee of goods in ordinary course of business.
- Section 42a-9-322 - Priorities among conflicting security interests in and agricultural liens on same collateral.
- Section 42a-9-323 - Future advances.
- Section 42a-9-324 - Priority of purchase-money security interests.
- Section 42a-9-325 - Priority of security interests in transferred collateral.
- Section 42a-9-326 - Priority of security interests created by new debtor.
- Section 42a-9-327 - Priority of security interests in deposit account.
- Section 42a-9-328 - Priority of security interests in investment property.
- Section 42a-9-329 - Priority of security interests in letter-of-credit right.
- Section 42a-9-330 - Priority of purchaser of chattel paper or instrument.
- Section 42a-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.
- Section 42a-9-332 - Transfer of money. Transfer of funds from deposit account.
- Section 42a-9-333 - Priority of certain liens arising by operation of law.
- Section 42a-9-334 - Priority of security interests in fixtures and crops.
- Section 42a-9-335 - Accessions.
- Section 42a-9-336 - Commingled goods.
- Section 42a-9-337 - Priority of security interests in goods covered by certificate of title.
- Section 42a-9-338 - Priority of security interest or agricultural lien perfected by filed financing statement providing certain incorrect information.
- Section 42a-9-339 - Priority subject to subordination.
- Section 42a-9-340 - Effectiveness of right of recoupment or set-off against deposit account.
- Section 42a-9-341 - Bank's rights and duties with respect to deposit account.
- Section 42a-9-342 - Bank's right to refuse to enter into or disclose existence of control agreement.
RIGHTS OF THIRD PARTIES
- Section 42a-9-401 - Alienability of debtor's rights.
- Section 42a-9-402 - Secured party not obligated on contract of debtor or in tort.
- Section 42a-9-403 - Agreement not to assert defenses against assignee.
- Section 42a-9-404 - Rights acquired by assignee. Claims and defenses against assignee.
- Section 42a-9-405 - Modification of assigned contract.
- Section 42a-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.
- Section 42a-9-407 - Restrictions on creation or enforcement of security interest in leasehold interest or in lessor's residual interest.
- Section 42a-9-408 - Restrictions on assignment of promissory notes, health-care-insurance receivables and certain general intangibles ineffective.
- Section 42a-9-408a - Financing statements covering consigned or leased goods.
- Section 42a-9-409 - Restrictions on assignment of letter-of-credit rights ineffective.
FILING
- Section 42a-9-501 - Filing office.
- Section 42a-9-502 - Contents of financing statement. Record of mortgage as financing statement. Time of filing financing statement.
- Section 42a-9-503 - Name of debtor and secured party.
- Section 42a-9-504 - Indication of collateral.
- Section 42a-9-505 - Filing and compliance with other statutes and treaties for consignments, leases, other bailments and other transactions.
- Section 42a-9-506 - Effect of errors or omissions.
- Section 42a-9-507 - Effect of certain events on effectiveness of financing settlement.
- Section 42a-9-508 - Effectiveness of financing statement if new debtor becomes bound by security agreement.
- Section 42a-9-509 - Persons entitled to file a record.
- Section 42a-9-510 - Effectiveness of filed record.
- Section 42a-9-511 - Secured party of record.
- Section 42a-9-512 - Amendment of financing statement.
- Section 42a-9-513 - Termination statement.
- Section 42a-9-514 - Assignment of powers of secured party of record.
- Section 42a-9-515 - Duration and effectiveness of financing statement. Effect of lapsed financing statement.
- Section 42a-9-516 - What constitutes filing. Effectiveness of filing.
- Section 42a-9-517 - Effect of indexing errors.
- Section 42a-9-518 - Claim concerning inaccurate or wrongfully filed record. Petition to invalidate record that was falsely filed or amended.
- Section 42a-9-519 - Numbering, maintaining and indexing records. Communicating information provided in records.
- Section 42a-9-520 - Acceptance and refusal to accept record.
- Section 42a-9-521 - Refusal to accept financing statement, amendment or other written record in prescribed form prohibited. Exception.
- Section 42a-9-522 - Maintenance and destruction of records.
- Section 42a-9-523 - Information from filing office. Sale or license of records.
- Section 42a-9-524 - Delay by filing office.
- Section 42a-9-525 - Fees.
- Section 42a-9-526 - Filing-office regulations.
DEFAULT
- Section 42a-9-601 - Rights after default. Judicial enforcement. Consignor or buyer of accounts, chattel paper, payment intangibles or promissory notes.
- Section 42a-9-602 - Waiver and variance of rights and duties.
- Section 42a-9-603 - Agreement on standards concerning rights and duties.
- Section 42a-9-604 - Procedure if security agreement covers real property or fixtures.
- Section 42a-9-605 - Unknown debtor or secondary obligor.
- Section 42a-9-606 - Time of default for agricultural lien.
- Section 42a-9-607 - Collection and enforcement by secured party.
- Section 42a-9-608 - Application of proceeds of collection or enforcement. Liability for deficiency and right to surplus.
- Section 42a-9-609 - Secured party's right to take possession after default. Use of electronic self-help restricted.
- Section 42a-9-610 - Disposition of collateral after default.
- Section 42a-9-611 - Notification before disposition of collateral.
- Section 42a-9-612 - Timeliness of notification before disposition of collateral.
- Section 42a-9-613 - Contents and form of notification before disposition of collateral: General.
- Section 42a-9-614 - Contents and form of notification before disposition of collateral: Consumer-goods transaction.
- Section 42a-9-615 - Application of proceeds of disposition. Liability for deficiency and right to surplus.
- Section 42a-9-616 - Explanation of calculation of surplus or deficiency.
- Section 42a-9-617 - Rights of transferee of collateral.
- Section 42a-9-618 - Rights and duties of certain secondary obligors.
- Section 42a-9-619 - Transfer of record or legal title.
- Section 42a-9-620 - Acceptance of collateral in full or partial satisfaction of obligation. Compulsory disposition of collateral.
- Section 42a-9-621 - Notification of proposal to accept collateral.
- Section 42a-9-622 - Effect of acceptance of collateral.
- Section 42a-9-623 - Right to redeem collateral.
- Section 42a-9-624 - Waiver.
- Section 42a-9-625 - Remedies for secured party's failure to comply with this article.
- Section 42a-9-626 - Action in which deficiency or surplus is in issue.
- Section 42a-9-627 - Determination of whether conduct was commercially reasonable.
- Section 42a-9-628 - Nonliability and limitation on liability of secured party. Liability of secondary obligor.
TRANSITION
- Section 42a-9-701 - Reserved for future use.
- Section 42a-9-702 - Savings clause.
- Section 42a-9-703 - Security interest perfected before October 1, 2001.
- Section 42a-9-704 - Security interest unperfected before October 1, 2001.
- Section 42a-9-705 - Effectiveness of action taken before October 1, 2001.
- Section 42a-9-706 - When initial financing statement suffices to continue effectiveness of financing statement.
- Section 42a-9-707 - Amendment of pre-effective-date financing statement.
- Section 42a-9-708 - Persons entitled to file initial financing statement or continuation statement.
- Section 42a-9-709 - Priority.
TRANSITION PROVISIONS
- Section 42a-9-801 - Reserved for future use.
- Section 42a-9-802 - Savings clause.
- Section 42a-9-803 - Security interest perfected before July 1, 2013.
- Section 42a-9-804 - Security interest unperfected before July 1, 2013.
- Section 42a-9-805 - Effectiveness of action taken before July 1, 2013.
- Section 42a-9-806 - When initial financing statement suffices to continue effectiveness of financing statement.
- Section 42a-9-807 - Amendment of financing statement filed before July 1, 2013.
- Section 42a-9-808 - Person entitled to file initial financing statement or continuation statement.
- Section 42a-9-809 - Priority.
*See chapter 733 re retail installment sales financing.
Cited. 165 C. 364; 221 C. 77; Id., 530. Claim against secured party re duty of care owed to buyer at secured party sale and authority to sell possessions of debtor is governed by article, not common law. 310 C. 375.
Cited. 4 CA 58; 29 CA 283; judgment reversed, see 228 C. 795; 40 CA 616.
Cited. 34 CS 632; 44 CS 156.
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