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2023 Missouri Revised Statutes
Title XXVI - Trade and Commerce
Chapter 400 - Uniform Commercial Code

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ARTICLE 1. GENERAL PROVISIONS Part 1. General Provisions

Section 400.1-101 - Short titles. (8/28/2017)
Section 400.1-102 - Scope of article. (8/28/2017)
Section 400.1-103 - Construction of code to promote its purpose and policies — applicability of supplemental principles of law. (8/28/2017)
Section 400.1-104 - Construction against implicit repeal. (8/28/1963)
Section 400.1-105 - Severability. (8/28/2017)
Section 400.1-106 - Use of singular and plural — gender. (8/28/2017)
Section 400.1-107 - Section captions. (8/28/2017)
Section 400.1-108 - Relation to Electronic Signatures in Global and National Commerce Act. (8/28/2017)

Part 2. General Definitions and Principles of Interpretation

Section 400.1-201 - General definitions. (8/28/2017)
Section 400.1-202 - Notice — knowledge. (8/28/2017)
Section 400.1-203 - Lease distinguished from security interest. (8/28/2017)
Section 400.1-204 - Value. (8/28/2017)
Section 400.1-205 - Reasonable time — seasonableness. (8/28/2017)
Section 400.1-206 - Presumptions. (8/28/2017)

Part 3. Territorial Applicability and General Rules

Section 400.1-301 - Territorial applicability — parties' power to choose applicable law. (8/28/2017)
Section 400.1-302 - Variation by agreement. (8/28/2017)
Section 400.1-303 - Course of performance, course of dealing, and usage of trade. (8/28/2017)
Section 400.1-304 - Obligation of good faith. (8/28/2017)
Section 400.1-305 - Remedies to be liberally administered. (8/28/2017)
Section 400.1-306 - Waiver of renunciation of claim of right after breach. (8/28/2017)
Section 400.1-307 - Prima facie evidence of third-party documents. (8/28/2017)
Section 400.1-308 - Performance or acceptance under reservation of rights. (8/28/2017)
Section 400.1-309 - Option to accelerate at will. (8/28/2017)
Section 400.1-310 - Subordinated obligations. (8/28/2017)

ARTICLE 2. SALES Part 1. Short Title, General Construction and Subject Matter

Part 2. Form, Formation and Readjustment of Contract

Section 400.2-201 - Formal requirements — statute of frauds. (8/28/1963)
Section 400.2-202 - Final written expression — parol or extrinsic evidence. (8/28/1963)
Section 400.2-203 - Seals inoperative. (8/28/1963)
Section 400.2-204 - Formation in general. (8/28/1963)
Section 400.2-205 - Firm offers. (8/28/1963)
Section 400.2-206 - Offer and acceptance in formation of contract. (8/28/1963)
Section 400.2-207 - Additional terms in acceptance or confirmation. (8/28/1963)
Section 400.2-208 - Course of performance or practical construction. (8/28/1963)
Section 400.2-209 - Modification, rescission and waiver. (8/28/1963)
Section 400.2-210 - Delegation of performance — assignment of rights. (7/1/2001)

Part 3. General Obligation and Construction of Contract

Section 400.2-301 - General obligations of parties. (8/28/1963)
Section 400.2-302 - Unconscionable contract or clause. (8/28/1963)
Section 400.2-303 - Allocation or division of risks. (8/28/1963)
Section 400.2-304 - Price payable in money, goods, realty, or otherwise. (8/28/1963)
Section 400.2-305 - Open price term. (8/28/1963)
Section 400.2-306 - Output, requirements and exclusive dealings. (8/28/1963)
Section 400.2-307 - Delivery in single lot or several lots. (8/28/1963)
Section 400.2-308 - Absence of specified place for delivery. (8/28/1963)
Section 400.2-309 - Absence of specific time provisions — notice of termination. (8/28/1963)
Section 400.2-310 - Open time for payment or running of credit — authority to ship under reservation. (8/28/1963)
Section 400.2-311 - Options and cooperation respecting performance. (8/28/1963)
Section 400.2-312 - Warranty of title and against infringement — buyer's obligation against infringement. (8/28/1963)
Section 400.2-313 - Express warranties by affirmation, promise, description, sample. (8/28/1963)
Section 400.2-314 - Implied warranty — merchantability — usage of trade. (8/28/1963)
Section 400.2-315 - Implied warranty — fitness for particular purpose. (8/28/1963)
Section 400.2-316 - Exclusion or modification of warranties — livestock warranties of fitness to be in writing. (8/28/1980)
Section 400.2-317 - Cumulation and conflict of warranties express or implied. (8/28/1963)
Section 400.2-318 - Third party beneficiaries of warranties express or implied. (8/28/1963)
Section 400.2-319 - F.O.B. and F.A.S. terms. (8/28/1963)
Section 400.2-320 - C.I.F. and C.&F. terms. (8/28/1963)
Section 400.2-321 - C.I.F. or C.&F. — "net landed weights" — payment on arrival — warranty of condition on arrival. (8/28/1965)
Section 400.2-322 - Delivery "ex-ship". (8/28/1963)
Section 400.2-323 - Form of bill of lading required in overseas shipment — "overseas". (8/28/1963)
Section 400.2-324 - "No arrival, no sale" term. (8/28/1963)
Section 400.2-325 - "Letter of credit" term — "confirmed credit". (8/28/1963)
Section 400.2-326 - Sale on approval and sale or return — rights of creditors. (7/1/2001)
Section 400.2-327 - Special incidents of sale on approval and sale or return. (8/28/1963)
Section 400.2-328 - Sale by auction. (8/28/1963)

Part 4. Title, Creditors and Good Faith Purchasers

Part 5. Performance

Section 400.2-501 - Insurable interest in goods — manner of identification of goods. (8/28/1963)
Section 400.2-502 - Buyer's right to goods on seller's repudiation, failure to deliver, or insolvency. (7/1/2001)
Section 400.2-503 - Manner of seller's tender of delivery. (8/28/1963)
Section 400.2-504 - Shipment by seller. (8/28/1963)
Section 400.2-505 - Seller's shipment under reservation. (8/28/1963)
Section 400.2-506 - Rights of financing agency. (8/28/1963)
Section 400.2-507 - Effect of seller's tender — delivery on condition. (8/28/1963)
Section 400.2-508 - Cure by seller of improper tender or delivery — replacement. (8/28/1963)
Section 400.2-509 - Risk of loss in the absence of breach. (8/28/1963)
Section 400.2-510 - Effect of breach on risk of loss. (8/28/1963)
Section 400.2-511 - Tender of payment by buyer — payment by check. (8/28/1992)
Section 400.2-512 - Payment by buyer before inspection. (8/28/1997)
Section 400.2-513 - Buyer's right to inspection of goods. (8/28/1963)
Section 400.2-514 - When documents deliverable on acceptance — when on payment. (8/28/1963)
Section 400.2-515 - Preserving evidence of goods in dispute. (8/28/1963)

Part 6. Breach, Repudiation and Excuse

Section 400.2-601 - Buyer's rights on improper delivery. (8/28/1963)
Section 400.2-602 - Manner and effect of rightful rejection. (8/28/1963)
Section 400.2-603 - Merchant buyer's duties as to rightfully rejected goods. (8/28/1963)
Section 400.2-604 - Buyer's options as to salvage of rightfully rejected goods. (8/28/1963)
Section 400.2-605 - Waiver of buyer's objections by failure to particularize. (8/28/1963)
Section 400.2-606 - What constitutes acceptance of goods. (8/28/1963)
Section 400.2-607 - Effect of acceptance — notice of breach — burden of establishing breach after acceptance — notice of claim or litigation to person answerable over. (8/28/1963)
Section 400.2-608 - Revocation of acceptance in whole or in part. (8/28/1963)
Section 400.2-609 - Right to adequate assurance of performance. (8/28/1963)
Section 400.2-610 - Anticipatory repudiation. (8/28/1963)
Section 400.2-611 - Retraction of anticipatory repudiation. (8/28/1963)
Section 400.2-612 - "Installment contract" — breach. (8/28/1963)
Section 400.2-613 - Casualty to identified goods. (8/28/1963)
Section 400.2-614 - Substituted performance. (8/28/1963)
Section 400.2-615 - Excuse by failure of presupposed conditions. (8/28/1963)
Section 400.2-616 - Procedure on notice claiming excuse. (8/28/1963)

Part 7. Remedies

Section 400.2-701 - Remedies for breach of collateral contracts not impaired. (8/28/1963)
Section 400.2-702 - Seller's remedies on discovery of buyer's insolvency. (8/28/1963)
Section 400.2-703 - Seller's remedies in general. (8/28/1963)
Section 400.2-704 - Seller's right to identify goods to the contract not withstanding breach or to salvage unfinished goods. (8/28/1963)
Section 400.2-705 - Seller's stoppage of delivery in transit or otherwise. (8/28/1963)
Section 400.2-706 - Seller's resale including contract for resale. (8/28/1963)
Section 400.2-707 - "Person in the position of a seller". (8/28/1963)
Section 400.2-708 - Seller's damages for nonacceptance or repudiation. (8/28/1963)
Section 400.2-709 - Action for the price. (8/28/1963)
Section 400.2-710 - Seller's incidental damages. (8/28/1963)
Section 400.2-711 - Buyer's remedies in general — buyer's security interest in rejected goods. (8/28/1963)
Section 400.2-712 - "Cover" — buyer's procurement of substitute goods. (8/28/1963)
Section 400.2-713 - Buyer's damages for nondelivery or repudiation. (8/28/1963)
Section 400.2-714 - Buyer's damages for breach in regard to accepted goods. (8/28/1963)
Section 400.2-715 - Buyer's incidental and consequential damages. (8/28/1963)
Section 400.2-716 - Buyer's right to specific performance or replevin. (7/1/2001)
Section 400.2-717 - Deduction of damages from the price. (8/28/1963)
Section 400.2-718 - Liquidation or limitation of damages — deposits. (8/28/1963)
Section 400.2-719 - Contractual modification or limitation of remedy. (8/28/1963)
Section 400.2-720 - Effect of "cancellation" or "rescission" on claims for antecedent breach. (8/28/1963)
Section 400.2-721 - Remedies for fraud. (8/28/1963)
Section 400.2-722 - Who can sue third parties for injury to goods. (8/28/1963)
Section 400.2-723 - Proof of market price — time and place. (8/28/1963)
Section 400.2-724 - Admissibility of market quotations. (8/28/1963)
Section 400.2-725 - Statute of limitations in contracts for sale. (8/28/1963)

ARTICLE 2A. LEASES Part 1. General Provisions

Section 400.2A-101 - Short title. (8/28/1992)
Section 400.2A-102 - Scope. (8/28/1992)
Section 400.2A-103 - Definitions and index of definitions. (8/28/2014)
Section 400.2A-104 - Leases subject to other law. (8/28/1992)
Section 400.2A-105 - Territorial application of article to goods covered by certificate of title. (8/28/1992)
Section 400.2A-106 - Limitation on power of parties to consumer lease to choose applicable law and judicial forum. (8/28/1992)
Section 400.2A-107 - Waiver or renunciation of claim or right after death. (8/28/1992)
Section 400.2A-108 - Unconscionability. (8/28/1992)
Section 400.2A-109 - Option to accelerate at will. (8/28/1992)

Part 2. Formation and Construction of Lease Contract

Section 400.2A-201 - Statute of frauds. (8/28/1992)
Section 400.2A-202 - Final written expression — parol or extrinsic evidence. (8/28/1992)
Section 400.2A-203 - Seals inoperative. (8/28/1992)
Section 400.2A-204 - Formation in general. (8/28/1992)
Section 400.2A-205 - Firm offers. (8/28/1992)
Section 400.2A-206 - Offer and acceptance in formation of lease contract. (8/28/1992)
Section 400.2A-207 - Course of performance or practical construction. (8/28/1992)
Section 400.2A-208 - Modification, rescission and waiver. (8/28/1992)
Section 400.2A-209 - Lessee under finance lease as beneficiary of supply contract. (8/28/1992)
Section 400.2A-210 - Express warranties. (8/28/1992)
Section 400.2A-211 - Warranties against interference and against infringement — lessee's obligation against infringement. (8/28/1992)
Section 400.2A-212 - Implied warranty of merchantability. (8/28/1992)
Section 400.2A-213 - Implied warranty of fitness for particular purpose. (8/28/1992)
Section 400.2A-214 - Exclusion or modification of warranties. (8/28/1992)
Section 400.2A-215 - Cumulation and conflict of warranties express or implied. (8/28/1992)
Section 400.2A-216 - Third-party beneficiaries of express and implied warranties. (8/28/1992)
Section 400.2A-217 - Identification. (8/28/1992)
Section 400.2A-218 - Insurance and proceeds. (8/28/1992)
Section 400.2A-219 - Risk of loss. (8/28/1992)
Section 400.2A-220 - Effect of default on risk of loss. (8/28/1992)
Section 400.2A-221 - Casualty to identified goods. (8/28/1992)

Part 3. Effect of Lease Contract

Part 4. Performance of Lease Contract — Repudiated, Substituted and Excused

Section 400.2A-401 - Insecurity — adequate assurance of performance. (8/28/1992)
Section 400.2A-402 - Anticipatory repudiation. (8/28/1992)
Section 400.2A-403 - Retraction of anticipatory repudiation. (8/28/1992)
Section 400.2A-404 - Substituted performance. (8/28/1992)
Section 400.2A-405 - Excused performance. (8/28/1992)
Section 400.2A-406 - Procedure on excused performance. (8/28/1992)
Section 400.2A-407 - Irrevocable promises — finance leases. (8/28/1992)

Part 5. Default_A. In General

Section 400.2A-501 - Default — procedure. (8/28/1992)
Section 400.2A-502 - Notice after default. (8/28/1992)
Section 400.2A-503 - Modification or impairment of rights and remedies. (8/28/1992)
Section 400.2A-504 - Liquidation of damages. (8/28/1992)
Section 400.2A-505 - Cancellation and termination and effect of cancellation, termination, rescission, or fraud on rights and remedies. (8/28/1992)
Section 400.2A-506 - Statute of limitations. (8/28/1992)
Section 400.2A-507 - Proof of market rent — time and place. (8/28/1992)

B. Default by Lessor

Section 400.2A-508 - Lessee's remedies. (8/28/1992)
Section 400.2A-509 - Lessee's rights on improper delivery — rightful rejection. (8/28/1992)
Section 400.2A-510 - Installment lease contracts — rejection and default. (8/28/1992)
Section 400.2A-511 - Merchant lessee's duties as to rightfully rejected goods. (8/28/1992)
Section 400.2A-512 - Lessee's duties as to rightfully rejected goods. (8/28/1992)
Section 400.2A-513 - Cure by lessor of improper tender or delivery — replacement. (8/28/1992)
Section 400.2A-514 - Waiver of lessee's objections. (8/28/1992)
Section 400.2A-515 - Acceptance of goods. (8/28/1992)
Section 400.2A-516 - Effect of acceptance of goods — notice of default — burden of establishing default after acceptance — notice of claim or litigation to person answerable over. (8/28/1992)
Section 400.2A-517 - Revocation of acceptance of goods. (8/28/1992)
Section 400.2A-518 - Cover — substitute goods. (8/28/1992)
Section 400.2A-519 - Lessee's damages for nondelivery, repudiation, default, and breach of warranty in regard to accepted goods. (8/28/1992)
Section 400.2A-520 - Lessee's incidental and consequential damages. (8/28/1992)
Section 400.2A-521 - Lessee's right to specific performance or replevin. (8/28/1992)
Section 400.2A-522 - Lessee's right to goods on lessor's insolvency. (8/28/1992)

C. Default by Lessee

Section 400.2A-523 - Lessor's remedies. (8/28/1992)
Section 400.2A-524 - Lessor's right to identify goods to lease contract. (8/28/1992)
Section 400.2A-525 - Lessor's right to possession of goods. (8/28/1992)
Section 400.2A-526 - Lessor's stoppage of delivery in transit or otherwise. (8/28/1992)
Section 400.2A-527 - Lessor's rights to dispose of goods. (8/28/1992)
Section 400.2A-528 - Lessor's damages for nonacceptance or repudiation. (8/28/1992)
Section 400.2A-529 - Lessor's action for the rent. (8/28/1992)
Section 400.2A-530 - Lessor's incidental damages. (8/28/1992)
Section 400.2A-531 - Standing to sue third parties for injury to goods. (8/28/1992)
Section 400.2A-532 - Lessor's rights to residual interest. (8/28/1992)

REVISED ARTICLE 3. NEGOTIABLE INSTRUMENTS Part 1. General Provisions and Definitions

Section 400.3-101 - Short title. (8/28/1992)
Section 400.3-102 - Subject matter. (8/28/1992)
Section 400.3-103 - Definitions. (8/28/2005)
Section 400.3-104 - Negotiable instruments. (8/28/2005)
Section 400.3-105 - Issue of instrument. (8/28/1992)
Section 400.3-106 - Unconditional promise or order. (8/28/1992)
Section 400.3-107 - Instrument payable in foreign money. (8/28/1992)
Section 400.3-108 - Payable on demand or at definite time. (8/28/1992)
Section 400.3-109 - Payable to bearer or to order. (8/28/1992)
Section 400.3-110 - Identification of person to whom instrument is payable. (8/28/1992)
Section 400.3-111 - Place of payment. (8/28/1992)
Section 400.3-112 - Interest. (8/28/1992)
Section 400.3-113 - Date of instrument. (8/28/1992)
Section 400.3-114 - Contradictory terms of instrument. (8/28/1992)
Section 400.3-115 - Incomplete instrument. (8/28/1992)
Section 400.3-116 - Joint and several liability — contribution. (8/28/1992)
Section 400.3-117 - Other agreements affecting instrument. (8/28/1992)
Section 400.3-118 - Statute of limitations. (8/28/1997)
Section 400.3-119 - Notice of right to defend action. (8/28/1992)

Part 2. Negotiation, Transfer and Indorsement

Section 400.3-201 - Negotiation. (8/28/1992)
Section 400.3-202 - Negotiation subject to rescission. (8/28/1992)
Section 400.3-203 - Transfer of instrument — right acquired by transfer. (8/28/1992)
Section 400.3-204 - Endorsement. (8/28/1992)
Section 400.3-205 - Special endorsement — blank endorsement — anomalous endorsement. (8/28/1992)
Section 400.3-206 - Restrictive endorsement. (8/28/1992)
Section 400.3-207 - Reacquisition. (8/28/1992)

Part 3. Enforcement of Instruments

Section 400.3-301 - Person entitled to enforce instrument. (8/28/1992)
Section 400.3-302 - Holder in due course. (8/28/1992)
Section 400.3-303 - Value and consideration. (8/28/1992)
Section 400.3-304 - Overdue instrument. (8/28/1992)
Section 400.3-305 - Defenses and claims in recoupment. (8/28/1992)
Section 400.3-306 - Claims to an instrument. (8/28/1992)
Section 400.3-307 - Notice of breach of fiduciary duty. (8/28/1994)
Section 400.3-308 - Proof of signature and status as holder in due course. (8/28/1992)
Section 400.3-309 - Enforcement of lost, destroyed, or stolen instrument. (8/28/2021)
Section 400.3-310 - Effect of instrument on obligation for which taken. (8/28/1992)
Section 400.3-311 - Accord and satisfaction by use of instrument. (8/28/1992)
Section 400.3-312 - Lost, destroyed or stolen cashier's check, teller's check or certified check. (8/28/2000)

Part 4. Liability of Parties

Section 400.3-401 - Signature. (8/28/1992)
Section 400.3-402 - Signature by representative. (8/28/1992)
Section 400.3-403 - Unauthorized signature. (8/28/1992)
Section 400.3-404 - Impostors — fictitious payees. (8/28/1992)
Section 400.3-405 - Employer's responsibility for fraudulent endorsement by employee. (8/28/1992)
Section 400.3-406 - Negligence contributing to forged signature or alteration of instrument. (8/28/1992)
Section 400.3-407 - Alteration. (8/28/1992)
Section 400.3-408 - Drawee not liable on unaccepted draft. (8/28/1992)
Section 400.3-409 - Acceptance of draft — certified check. (8/28/1992)
Section 400.3-410 - Acceptance varying draft. (8/28/1992)
Section 400.3-411 - Refusal to pay cashier's checks, teller's checks, and certified checks. (8/28/1992)
Section 400.3-412 - Obligation of issuer of note or cashier's check. (8/28/1992)
Section 400.3-413 - Obligation of acceptor. (8/28/1992)
Section 400.3-414 - Obligation of drawer. (8/28/1992)
Section 400.3-415 - Obligation of endorser. (8/28/1992)
Section 400.3-416 - Transfer warranties. (8/28/2005)
Section 400.3-417 - Presentment warranties. (8/28/2005)
Section 400.3-418 - Payment or acceptance by mistake. (8/28/1992)
Section 400.3-419 - Instrument signed for accommodation. (8/28/1992)
Section 400.3-420 - Conversion of instrument. (8/28/1992)

Part 5. Dishonor

Section 400.3-501 - Presentment. (8/28/1992)
Section 400.3-502 - Dishonor. (8/28/1992)
Section 400.3-503 - Notice of dishonor. (8/28/1992)
Section 400.3-504 - Excused presentment and notice of dishonor. (8/28/1992)
Section 400.3-505 - Evidence of dishonor. (8/28/1992)

Part 6. Discharge and Payment

Section 400.3-601 - Discharge and effect of discharge. (8/28/1992)
Section 400.3-602 - Payment. (8/28/1992)
Section 400.3-603 - Tender of payment. (8/28/1992)
Section 400.3-604 - Discharge by cancellation or renunciation. (8/28/1992)
Section 400.3-605 - Discharge of endorsers and accommodation parties. (8/28/1992)

ARTICLE 4. BANK DEPOSITS AND COLLECTIONS Part 1. General Provisions and Definitions

Section 400.4-101 - Short title. (8/28/1992)
Section 400.4-102 - Applicability. (8/28/1992)
Section 400.4-103 - Variation by agreement — measure of damages — action constituting ordinary care. (8/28/1992)
Section 400.4-104 - Definitions and index of definitions. (8/28/1997)
Section 400.4-105 - Bank — depositary bank — payor bank — intermediary bank — collecting bank — presenting bank. (8/28/1992)
Section 400.4-106 - Payable through or payable at bank — collecting bank. (8/28/1992)
Section 400.4-107 - Separate office of bank. (8/28/1992)
Section 400.4-108 - Time of receipt of items. (8/28/1992)
Section 400.4-109 - Delays. (8/28/1992)
Section 400.4-110 - Electronic presentment. (8/28/1992)
Section 400.4-111 - Statute of limitations. (8/28/1997)

Part 2. Collection of Items — Depositary and Collecting Banks

Part 3. Collection of Items — Payor Banks

Part 4. Relationship Between Payor Bank and Its Customer

Part 5. Collection of Documentary Drafts

ARTICLE 4A. FUNDS TRANSFERS Part 1. Subject Matter and Definitions

Section 400.4A-101 - Short title. (8/28/1992)
Section 400.4A-102 - Subject matter. (8/28/1992)
Section 400.4A-103 - Payment order — definitions. (8/28/1992)
Section 400.4A-104 - Funds transfer — definitions. (8/28/1992)
Section 400.4A-105 - Other definitions. (8/28/1994)
Section 400.4A-106 - Time payment order is received. (8/28/1992)
Section 400.4A-107 - Federal Reserve regulations and operating circulars. (8/28/1992)
Section 400.4A-108 - Exclusion of consumer transactions governed by federal law. (8/28/2013)

Part 2. Issue and Acceptance of Payment Order

Section 400.4A-201 - Security procedure. (8/28/1992)
Section 400.4A-202 - Authorized and verified payment orders. (8/28/1992)
Section 400.4A-203 - Unenforceability of certain verified payment orders. (8/28/1992)
Section 400.4A-204 - Refund of payment and duty of customer to report with respect to unauthorized payment order. (8/28/1992)
Section 400.4A-205 - Erroneous payment orders. (8/28/1992)
Section 400.4A-206 - Transmission of payment order through funds — transfer or other communication system. (8/28/1992)
Section 400.4A-207 - Misdescription of beneficiary. (8/28/1992)
Section 400.4A-208 - Misdescription of intermediary bank or beneficiary's bank. (8/28/1992)
Section 400.4A-209 - Acceptance of payment order. (8/28/1992)
Section 400.4A-210 - Rejection of payment order. (8/28/1992)
Section 400.4A-211 - Cancellation and amendment of payment order. (8/28/1992)
Section 400.4A-212 - Liability and duty of receiving bank regarding unaccepted payment order. (8/28/1992)

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

Section 400.4A-301 - Execution and execution date. (8/28/1992)
Section 400.4A-302 - Obligations of receiving bank in execution of payment order. (8/28/1992)
Section 400.4A-303 - Erroneous execution of payment order. (8/28/1992)
Section 400.4A-304 - Duty of sender to report erroneously executed payment order. (8/28/1992)
Section 400.4A-305 - Liability for late or improper execution or failure to execute payment order. (8/28/1992)

Part 4. Payment

Section 400.4A-401 - Payment date. (8/28/1992)
Section 400.4A-402 - Obligation of sender to pay receiving bank. (8/28/1992)
Section 400.4A-403 - Payment by sender to receiving bank. (8/28/1992)
Section 400.4A-404 - Obligation of beneficiary's bank to pay and give notice to beneficiary. (8/28/1992)
Section 400.4A-405 - Payment by beneficiary's bank to beneficiary. (8/28/1992)
Section 400.4A-406 - Payment by originator to beneficiary — discharge of underlying obligation. (8/28/1992)

Part 5. Miscellaneous Provisions

Section 400.4A-501 - Variation by agreement and effect of funds — transfer system rule. (8/28/1992)
Section 400.4A-502 - Creditor process served on receiving bank — setoff by beneficiary's bank. (8/28/1992)
Section 400.4A-503 - Injunction or restraining order with respect to funds transfer. (8/28/1992)
Section 400.4A-504 - Order in which items and payment orders may be charged to account — order of withdrawals from account. (8/28/1992)
Section 400.4A-505 - Preclusion of objection to debt of customer's account. (8/28/1992)
Section 400.4A-506 - Rate of interest. (8/28/1992)
Section 400.4A-507 - Choice of law. (8/28/1992)

ARTICLE 5. LETTERS OF CREDIT

Section 400.5-101 - Short title. (8/28/1963)
Section 400.5-102 - Definitions. (8/28/1997)
Section 400.5-103 - Scope. (8/28/1997)
Section 400.5-104 - Formal requirements. (8/28/1997)
Section 400.5-105 - Consideration. (8/28/1997)
Section 400.5-106 - Issuance, amendment, cancellation and duration. (8/28/1997)
Section 400.5-107 - Confirmer, nominated person and adviser. (8/28/1997)
Section 400.5-108 - Issuer's rights and obligations. (8/28/1997)
Section 400.5-109 - Fraud and forgery. (8/28/1997)
Section 400.5-110 - Warranties. (8/28/1997)
Section 400.5-111 - Remedies and damages for wrongful dishonor or breach of obligation. (8/28/1997)
Section 400.5-112 - Transfer of letter of credit. (8/28/1997)
Section 400.5-113 - Successor of beneficiary, rights. (8/28/1997)
Section 400.5-114 - Proceeds of letter of credit, definition, assignment. (8/28/1997)
Section 400.5-115 - Statute of limitations. (8/28/1997)
Section 400.5-116 - Choice of law and forum. (8/28/1997)
Section 400.5-117 - Subrogation of issuer, applicant and nominated person. (8/28/1997)
Section 400.5-118 - Security interest in a document. (7/1/2001)

ARTICLE 7. DOCUMENTS OF TITLE Part 1. General

Section 400.7-101 - Short title. (8/28/1963)
Section 400.7-102 - Definitions and index of definitions. (8/28/2017)
Section 400.7-103 - Relation of article to treaty, statute, tariff, classification or regulation. (8/28/2017)
Section 400.7-104 - Negotiable and nonnegotiable warehouse receipt, bill of lading or other document of title. (8/28/2017)
Section 400.7-105 - Requests for issuance of tangible or electronic documents of title, effect. (8/28/2017)
Section 400.7-106 - Control of electronic document of title. (8/28/2017)

Part 2. Warehouse Receipts — Special Provisions

Section 400.7-201 - Who may issue a warehouse receipt — storage under government bond. (8/28/2017)
Section 400.7-202 - Form of warehouse receipt — essential terms — optional terms. (8/28/2017)
Section 400.7-203 - Liability for nonreceipt or misdescription. (8/28/2017)
Section 400.7-204 - Duty of care — contractual limitation of warehouseman's liability. (8/28/2017)
Section 400.7-205 - Title under warehouse receipt defeated in certain cases. (8/28/2017)
Section 400.7-206 - Termination of storage at warehouseman's option. (8/28/2017)
Section 400.7-207 - Goods must be kept separate — fungible goods. (8/28/2017)
Section 400.7-208 - Altered warehouse receipts. (8/28/2017)
Section 400.7-209 - Lien of warehouse. (8/28/2017)
Section 400.7-210 - Enforcement of warehouse's lien. (8/28/2017)

Part 3. Bills of Lading — Special Provisions

Section 400.7-301 - Liability for nonreceipt or misdescription — "said to contain" — "shipper's load and count" — improper handling. (8/28/2017)
Section 400.7-302 - Through bills of lading and similar documents. (8/28/2017)
Section 400.7-303 - Diversion — reconsignment — change of instructions. (8/28/2017)
Section 400.7-304 - Bills of lading in a set. (8/28/2017)
Section 400.7-305 - Destination bills. (8/28/2017)
Section 400.7-306 - Altered bills of lading. (8/28/1963)
Section 400.7-307 - Lien of carrier. (8/28/2017)
Section 400.7-308 - Enforcement of carrier's lien. (8/28/2017)
Section 400.7-309 - Duty of care — contractual limitation of carrier's liability. (8/28/2017)

Part 4. Warehouse Receipts and Bills of Lading — General Obligations

Section 400.7-401 - Irregularities in issue of receipt or bill or conduct of issuer. (8/28/2017)
Section 400.7-402 - Duplicate receipt or bill — overissue. (8/28/2017)
Section 400.7-403 - Obligation of warehouse or carrier to deliver — excuse. (8/28/2017)
Section 400.7-404 - No liability for good faith delivery pursuant to receipt or bill. (8/28/2017)

Part 5. Warehouse Receipts and Bills of Lading — Negotiation and Transfer

Part 6. Warehouse Receipts and Bills of Lading — Miscellaneous Provisions

Section 400.7-601 - Lost and missing documents. (8/28/2017)
Section 400.7-602 - Attachment of goods covered by a negotiable document. (8/28/2017)
Section 400.7-603 - Conflicting claims — interpleader. (8/28/2017)

Part 7. Transition Provisions

Section 400.7-703 - Applicability (8/28/2017)
Section 400.7-704 - Savings clause. (8/28/2017)

ARTICLE 8. INVESTMENT SECURITIES Part 1. Short Title and General Matters

Section 400.8-101 - Short title. (8/28/1963)
Section 400.8-102 - Definitions. (8/28/1997)
Section 400.8-103 - Rules for determining whether certain obligations and interests are securities or financial assets. (7/1/2001)
Section 400.8-104 - Acquisition of security or financial asset or interest therein. (8/28/1997)
Section 400.8-105 - Notice of adverse claim. (8/28/1997)
Section 400.8-106 - Control. (7/1/2001)
Section 400.8-107 - Indorsement, instruction or entitlement order — effective, when. (8/28/1997)
Section 400.8-108 - Warranties in direct holding. (8/28/1997)
Section 400.8-109 - Warranties in indirect holding. (8/28/1997)
Section 400.8-110 - Applicability; choice of law. (7/1/2001)
Section 400.8-111 - Clearing corporation rules. (8/28/1997)
Section 400.8-112 - Creditor's legal process. (8/28/1997)
Section 400.8-113 - Statute of frauds inapplicable. (8/28/1997)
Section 400.8-114 - Evidentiary rules concerning certificated securities. (8/28/1997)
Section 400.8-115 - Securities intermediary and others not liable to adverse claimant. (8/28/1997)
Section 400.8-116 - Securities intermediary as purchaser for value. (8/28/1997)
Section 400.8-117 - Deposit of securities. (8/28/1997)

Part 2. Issue — Issuer

Section 400.8-201 - Issuer. (8/28/1997)
Section 400.8-202 - Issuer's responsibility and defenses — notice of defect or defense. (8/28/1997)
Section 400.8-203 - Staleness as notice of defects or defenses. (8/28/1997)
Section 400.8-204 - Effect of issuer's restriction on transfer. (8/28/1997)
Section 400.8-205 - Effect of unauthorized signature on security certificate. (8/28/1997)
Section 400.8-206 - Completion or alteration of security certificate. (8/28/1997)
Section 400.8-207 - Rights and duties of issuer with respect to registered owners. (8/28/1997)
Section 400.8-208 - Effect of signature of authenticating trustee, registrar or transfer agent. (8/28/1997)
Section 400.8-209 - Issuer's lien. (8/28/1997)
Section 400.8-210 - Overissue, definition. (8/28/1997)

Part 3. Transfer of Certificated and Uncertificated Securities

Section 400.8-301 - Delivery. (7/1/2001)
Section 400.8-302 - Rights of purchaser. (7/1/2001)
Section 400.8-303 - Protected purchaser. (8/28/1997)
Section 400.8-304 - Indorsement. (8/28/1997)
Section 400.8-305 - Instruction. (8/28/1997)
Section 400.8-306 - Effect of guaranteeing signature, indorsement or instruction. (8/28/1997)
Section 400.8-307 - Purchaser's right to requisites for registration of transfer. (8/28/1997)

Part 4. Registration

Section 400.8-401 - Duty of issuer to register transfer. (8/28/1997)
Section 400.8-402 - Assurance that endorsement and instructions are effective. (8/28/1997)
Section 400.8-403 - Demand that issuer not register transfer. (8/28/1997)
Section 400.8-404 - Wrongful registration. (8/28/1997)
Section 400.8-405 - Replacement of lost, destroyed or wrongfully taken security certificates. (8/28/1997)
Section 400.8-406 - Obligation to notify issuer of lost, destroyed or wrongfully taken security certificate. (8/28/1997)
Section 400.8-407 - Authenticating trustee, transfer agent and registrar. (8/28/1997)

Part 5. Security Entitlements

Part 6. Amendments to Article

Section 400.8-601 - Effect of amendments to article 8. (8/28/1998)

ARTICLE 9. SECURED TRANSACTIONS Part 1. General Provisions

Section 400.9-101 - Short title. (7/1/2001)
Section 400.9-102 - Definitions and index of definitions. (8/28/2014)
Section 400.9-103 - Purchase-money security interest — application of payments — burden of establishing. (7/1/2001)
Section 400.9-104 - Control of deposit account. (7/1/2001)
Section 400.9-105 - Control of electronic chattel paper. (8/28/2014)
Section 400.9-106 - Control of investment property. (7/1/2001)
Section 400.9-107 - Control of letter-of-credit right. (7/1/2001)
Section 400.9-108 - Sufficiency of description. (7/1/2001)
Section 400.9-109 - Scope. (8/28/2021)
Section 400.9-110 - Security interests arising under Article 2 or 2A. (7/1/2001)

Part 2. Effectiveness of Security Agreement; Attachment of Security Interest; Rights of Parties to Security Agreement

Part 3. Perfection and Priority

Part 4. Rights of Third Parties

Part 5. Filing

Section 400.9-501 - Filing office. (8/28/2018)
Section 400.9-502 - Contents of financing statement — record of mortgage as financing statement — time of filing financial statement. (8/28/2013)
Section 400.9-503 - Name of debtor and secured party. (8/28/2014)
Section 400.9-504 - Indication of collateral. (8/28/2002)
Section 400.9-505 - Filing and compliance with other statutes and treaties for consignments, leases, other bailments, and other transactions. (7/1/2001)
Section 400.9-506 - Effect of errors or omissions. (7/1/2001)
Section 400.9-507 - Effect of certain events on effectiveness of financing statement. (8/28/2014)
Section 400.9-508 - Effectiveness of financing statement if new debtor becomes bound by security agreement. (7/1/2001)
Section 400.9-509 - Persons entitled to file a record. (8/28/2002)
Section 400.9-510 - Effectiveness of filed record. (7/1/2001)
Section 400.9-511 - Secured party of record. (7/1/2001)
Section 400.9-512 - Amendment of financing statement. (7/1/2001)
Section 400.9-513 - Termination statement. (8/28/2002)
Section 400.9-514 - Assignment of powers of secured party of record. (7/1/2001)
Section 400.9-515 - Duration and effectiveness of financing statement — effect of lapsed financing statement. (8/28/2013)
Section 400.9-516 - What constitutes filing — effectiveness of filing. (8/28/2014)
Section 400.9-517 - Effect of indexing errors. (7/1/2001)
Section 400.9-518 - Claim concerning inaccurate or wrongfully filed record. (8/28/2013)
Section 400.9-519 - Numbering, maintaining, and indexing records — communicating information provided in records. (7/1/2001)
Section 400.9-520 - Acceptance and refusal to accept record. (7/1/2001)
Section 400.9-521 - Uniform form of written financing statement and amendment. (7/1/2001)
Section 400.9-522 - Maintenance and destruction of records. (7/1/2001)
Section 400.9-523 - Information from filing office — sale or license of records. (7/1/2001)
Section 400.9-524 - Delay by filing office. (7/1/2001)
Section 400.9-525 - Fees. (9/1/2003)
Section 400.9-526 - Filing office rules. (7/1/2001)
Section 400.9-527 - Duty to report. (7/1/2001)
Section 400.9-528 - Additional fee — expiration date. (8/28/2020)

Part 6. Default

Part 7. Transition

Section 400.9-701 - Definition of this act. (7/1/2001)
Section 400.9-702 - Savings clause. (7/1/2001)
Section 400.9-703 - Security interest perfected before effective date. (7/1/2001)
Section 400.9-704 - Security interest unperfected before effective date. (7/1/2001)
Section 400.9-705 - Effectiveness of action taken before effective date. (7/1/2001)
Section 400.9-706 - When initial financing statement suffices to continue effectiveness of financing statement. (7/1/2001)
Section 400.9-707 - Amendment of pre-effective-date financing statement. (7/1/2001)
Section 400.9-708 - Persons entitled to file initial financing statement or continuation statement. (7/1/2001)
Section 400.9-709 - Priority. (7/1/2001)
Section 400.9-710 - Local filing office to maintain former article 9 records. (8/28/2002)

Part 8. Transition Provisions for 2010 Amendments

Section 400.9-801 - This act reference. (8/28/2013)
Section 400.9-802 - Savings clause. (8/28/2014)
Section 400.9-803 - Security interest perfected before effective date. (8/28/2013)
Section 400.9-804 - Security interest unperfected before effective date. (8/28/2013)
Section 400.9-805 - Effectiveness of action taken before effective date. (8/28/2014)
Section 400.9-806 - When initial financing statement suffices to continue effectiveness of financing statement. (8/28/2014)
Section 400.9-807 - Amendment of pre-effective-date financing statement. (8/28/2013)
Section 400.9-808 - Person entitled to file initial financing statement or continuation statement. (8/28/2013)
Section 400.9-809 - Priority. (8/28/2013)

ARTICLE 10. OTHER PROVISIONS

Section 400.10-101 - Provision for transition. (8/28/1965)
Section 400.10-102 - Laws not repealed. (8/28/1965)

ARTICLE 11. TRANSITION PROVISIONS

Section 400.11-103 - General rule, transactions before and after code changes. (1/1/1989)
Section 400.11-104 - Requirement of filing, transitional provision. (1/1/1989)
Section 400.11-105 - Place of filing, transitional provision. (1/1/1989)
Section 400.11-106 - Required refilings. (1/1/1989)
Section 400.11-107 - Priorities, transitional provision. (1/1/1989)
Section 400.11-108 - Interpretation of chapter. (1/1/1989)

CHAPTER CROSS REFERENCES

Mortgage or deed of trust securing payment of bonds issued by interstate gas pipeline company or public utility, filing in office of secretary of state, 443.451
Public utility, gas pipeline company, mortgage or deed of trust securing payment of bonds, filing in office of secretary of state, 443.451
Uniform electronic transactions act, 432.200 to 432.295

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