- ARTICLE 1 GENERAL PROVISIONS
- ANNOTATIONS
- PART 1 SHORT TITLE, CONSTRUCTION, APPLICATION AND SUBJECT MATTER OF THE ACT
- 55-1-101. Short title.
- ANNOTATIONS
- 55-1-102. Purposes; rules of construction; variation by agreement.
- ANNOTATIONS
- 55-1-103. Supplementary general principles of law applicable.
- ANNOTATIONS
- 55-1-104. Construction against implicit repeal.
- ANNOTATIONS
- 55-1-105. Territorial application of the act; parties' power to choose applicable law.
- ANNOTATIONS
- 55-1-106. Remedies to be liberally administered.
- ANNOTATIONS
- 55-1-107. Waiver or renunciation of claim or right after breach.
- ANNOTATIONS
- 55-1-108. Severability.
- ANNOTATIONS
- 55-1-109. Section captions.
- ANNOTATIONS
- PART 2 GENERAL DEFINITIONS AND PRINCIPLES OF INTERPRETATION
- 55-1-201. General definitions.
- ANNOTATIONS
- 55-1-202. Prima facie evidence by third-party documents.
- ANNOTATIONS
- 55-1-203. Obligation of good faith.
- ANNOTATIONS
- 55-1-204. Time; reasonable time; "seasonably."
- ANNOTATIONS
- 55-1-205. Course of dealing and usage of trade.
- ANNOTATIONS
- 55-1-206. Statute of frauds for kinds of personal property not otherwise covered.
- ANNOTATIONS
- 55-1-207. Performance or acceptance under reservation of rights.
- ANNOTATIONS
- 55-1-208. Option to accelerate at will.
- ANNOTATIONS
- 55-1-209. Subordinated obligations.
- ANNOTATIONS
- ARTICLE 2 SALES
- PART 1 SHORT TITLE, GENERAL CONSTRUCTION AND SUBJECT MATTER
- 55-2-101. Short title.
- ANNOTATIONS
- 55-2-102. Scope; certain security and other transactions excluded from this article.
- ANNOTATIONS
- 55-2-103. Definitions and index of definitions.
- ANNOTATIONS
- 55-2-104. Definitions: "merchant"; "between merchants"; "financing agency."
- ANNOTATIONS
- 55-2-105. Definitions: transferability; "goods"; "future" goods; "lot"; "commercial unit."
- ANNOTATIONS
- 55-2-106. Definitions: "contract"; "agreement"; "contract for sale"; "sale"; "present sale"; "conforming" to contract; "termination"; "cancellation."
- ANNOTATIONS
- 55-2-107. Goods to be severed from realty; recording.
- ANNOTATIONS
- PART 2 FORM, FORMATION AND READJUSTMENT OF CONTRACT
- 55-2-201. Formal requirements; statute of frauds.
- ANNOTATIONS
- 55-2-202. Final written expression; parol or extrinsic evidence.
- ANNOTATIONS
- 55-2-203. Seals inoperative.
- ANNOTATIONS
- 55-2-204. Formation in general.
- ANNOTATIONS
- 55-2-205. Firm offers.
- ANNOTATIONS
- 55-2-206. Offer and acceptance in formation of contract.
- ANNOTATIONS
- 55-2-207. Additional terms in acceptance or confirmation.
- ANNOTATIONS
- 55-2-208. Course of performance or practical construction.
- ANNOTATIONS
- 55-2-209. Modification, rescission and waiver.
- ANNOTATIONS
- 55-2-210. Delegation of performance; assignment of rights.
- ANNOTATIONS
- PART 3 GENERAL OBLIGATION AND CONSTRUCTION OF CONTRACT
- 55-2-301. General obligations of parties.
- ANNOTATIONS
- 55-2-302. Unconscionable contract or clause.
- ANNOTATIONS
- 55-2-303. Allocation or division of risks.
- ANNOTATIONS
- 55-2-304. Price payable in money, goods, realty or otherwise.
- ANNOTATIONS
- 55-2-305. Open price term.
- ANNOTATIONS
- 55-2-306. Output, requirements and exclusive dealings.
- ANNOTATIONS
- 55-2-307. Delivery in single lot or several lots.
- ANNOTATIONS
- 55-2-308. Absence of specified place for delivery.
- ANNOTATIONS
- 55-2-309. Absence of specific time provisions; notice of termination.
- ANNOTATIONS
- 55-2-310. Open time for payment or running of credit; authority to ship under reservation.
- ANNOTATIONS
- 55-2-311. Options and cooperation respecting performance.
- ANNOTATIONS
- 55-2-312. Warranty of title and against infringement; buyer's obligation against infringement.
- ANNOTATIONS
- 55-2-313. Express warranties by affirmation, promise, description, sample.
- ANNOTATIONS
- 55-2-314. Implied warranty: merchantability; usage of trade.
- ANNOTATIONS
- 55-2-315. Implied warranty: fitness for particular purpose.
- ANNOTATIONS
- 55-2-316. Exclusion or modification of warranties.
- ANNOTATIONS
- 55-2-317. Cumulation and conflict of warranties express or implied.
- ANNOTATIONS
- 55-2-318. Third-party beneficiaries of warranties express or implied.
- ANNOTATIONS
- 55-2-319. F.O.B. and F.A.S. terms.
- ANNOTATIONS
- 55-2-320. C.I.F. and C.&F. terms.
- ANNOTATIONS
- 55-2-321. C.I.F. or C.&F.: "net landed weights"; "payment on arrival"; warranty of condition on arrival.
- ANNOTATIONS
- 55-2-322. Delivery "ex-ship."
- ANNOTATIONS
- 55-2-323. Form of bill of lading required in overseas shipment; "overseas."
- ANNOTATIONS
- 55-2-324. "No arrival, no sale" term.
- ANNOTATIONS
- 55-2-325. "Letter of credit" term; "confirmed credit."
- ANNOTATIONS
- 55-2-326. Sale on approval and sale or return; consignment sales and rights of creditors.
- ANNOTATIONS
- 55-2-327. Special incidents of sale on approval and sale or return.
- ANNOTATIONS
- 55-2-328. Sale by auction.
- ANNOTATIONS
- PART 4 TITLE, CREDITORS AND GOOD FAITH PURCHASERS
- 55-2-401. Passing of title; reservation for security; limited application of this section.
- ANNOTATIONS
- 55-2-402. Rights of seller's creditors against sold goods.
- ANNOTATIONS
- 55-2-403. Power to transfer; good faith purchase of goods; "entrusting".
- ANNOTATIONS
- PART 5 PERFORMANCE
- 55-2-501. Insurable interest in goods; manner of identification of goods.
- ANNOTATIONS
- 55-2-502. Buyer's right to goods on seller's insolvency.
- ANNOTATIONS
- 55-2-503. Manner of seller's tender of delivery.
- ANNOTATIONS
- 55-2-504. Shipment by seller.
- ANNOTATIONS
- 55-2-505. Seller's shipment under reservation.
- ANNOTATIONS
- 55-2-506. Rights of financing agency.
- ANNOTATIONS
- 55-2-507. Effect of seller's tender; delivery on condition.
- ANNOTATIONS
- 55-2-508. Cure by seller of improper tender or delivery; replacement.
- ANNOTATIONS
- 55-2-509. Risk of loss in the absence of breach.
- ANNOTATIONS
- 55-2-510. Effect of breach on risk of loss.
- ANNOTATIONS
- 55-2-511. Tender of payment by buyer; payment by check.
- ANNOTATIONS
- 55-2-512. Payment by buyer before inspection.
- ANNOTATIONS
- 55-2-513. Buyer's right to inspection of goods.
- ANNOTATIONS
- 55-2-514. When documents deliverable on acceptance; when on payment.
- ANNOTATIONS
- 55-2-515. Preserving evidence of goods in dispute.
- ANNOTATIONS
- PART 6 BREACH, REPUDIATION AND EXCUSE
- 55-2-601. Buyer's rights on improper delivery.
- ANNOTATIONS
- 55-2-602. Manner and effect of rightful rejection.
- ANNOTATIONS
- 55-2-603. Merchant buyer's duties as to rightfully rejected goods.
- ANNOTATIONS
- 55-2-604. Buyer's options as to salvage of rightfully rejected goods.
- ANNOTATIONS
- 55-2-605. Waiver of buyer's objections by failure to particularize.
- ANNOTATIONS
- 55-2-606. What constitutes acceptance of goods.
- ANNOTATIONS
- 55-2-607. Effect of acceptance; notice of breach; burden of establishing breach after acceptance; notice of claim or litigation to person answerable over.
- ANNOTATIONS
- 55-2-608. Revocation of acceptance in whole or in part.
- ANNOTATIONS
- 55-2-609. Right to adequate assurance of performance.
- ANNOTATIONS
- 55-2-610. Anticipatory repudiation.
- ANNOTATIONS
- 55-2-611. Retraction of anticipatory repudiation.
- ANNOTATIONS
- 55-2-612. "Installment contract"; breach.
- ANNOTATIONS
- 55-2-613. Casualty to identified goods.
- ANNOTATIONS
- 55-2-614. Substituted performance.
- ANNOTATIONS
- 55-2-615. Excuse by failure of presupposed conditions.
- ANNOTATIONS
- 55-2-616. Procedure on notice claiming excuse.
- ANNOTATIONS
- PART 7 REMEDIES
- 55-2-701. Remedies for breach of collateral contracts not impaired.
- ANNOTATIONS
- 55-2-702. Seller's remedies on discovery of buyer's insolvency.
- ANNOTATIONS
- 55-2-703. Seller's remedies in general.
- ANNOTATIONS
- 55-2-704. Seller's right to identify goods to the contract notwithstanding breach or to salvage unfinished goods.
- ANNOTATIONS
- 55-2-705. Seller's stoppage of delivery in transit or otherwise.
- ANNOTATIONS
- 55-2-706. Seller's resale including contract for resale.
- ANNOTATIONS
- 55-2-707. "Person in the position of a seller."
- ANNOTATIONS
- 55-2-708. Seller's damages for nonacceptance or repudiation.
- ANNOTATIONS
- 55-2-709. Action for the price.
- ANNOTATIONS
- 55-2-710. Seller's incidental damages.
- ANNOTATIONS
- 55-2-711. Buyer's remedies in general; buyer's security interest in rejected goods.
- ANNOTATIONS
- 55-2-712. "Cover"; buyer's procurement of substitute goods.
- ANNOTATIONS
- 55-2-713. Buyer's damages for nondelivery or repudiation.
- ANNOTATIONS
- 55-2-714. Buyer's damages for breach in regard to accepted goods.
- ANNOTATIONS
- 55-2-715. Buyer's incidental and consequential damages.
- ANNOTATIONS
- 55-2-716. Buyer's right to specific performance or replevin.
- ANNOTATIONS
- 55-2-717. Deduction of damages from the price.
- ANNOTATIONS
- 55-2-718. Liquidation or limitation of damages; deposits.
- ANNOTATIONS
- 55-2-719. Contractual modification or limitation of remedy.
- ANNOTATIONS
- 55-2-720. Effect of "cancellation" or "rescission" on claims for antecedent breach.
- ANNOTATIONS
- 55-2-721. Remedies for fraud.
- ANNOTATIONS
- 55-2-722. Who can sue third parties for injury to goods.
- ANNOTATIONS
- 55-2-723. Proof of market price; time and place.
- ANNOTATIONS
- 55-2-724. Admissibility of market quotations.
- ANNOTATIONS
- 55-2-725. Statute of limitations in contracts for sale.
- ANNOTATIONS
- ARTICLE 2A LEASES
- ANNOTATIONS
- PART 1 GENERAL PROVISIONS
- 55-2A-101. Short title.
- ANNOTATIONS
- 55-2A-102. Scope.
- ANNOTATIONS
- 55-2A-103. Definitions and index of definitions.
- ANNOTATIONS
- 55-2A-104. Leases subject to other law.
- ANNOTATIONS
- 55-2A-105. Territorial application of article to goods covered by certificate of title.
- ANNOTATIONS
- 55-2A-106. Limitation on power of parties to consumer lease to choose applicable law and judicial forum.
- ANNOTATIONS
- 55-2A-107. Waiver or renunciation of claim or right after default.
- ANNOTATIONS
- 55-2A-108. Unconscionability.
- ANNOTATIONS
- 55-2A-109. Option to accelerate at will.
- ANNOTATIONS
- PART 2 FORMATION AND CONSTRUCTION OF LEASE CONTRACT
- 55-2A-201. Statute of frauds.
- ANNOTATIONS
- 55-2A-202. Final written expression; parol or extrinsic evidence.
- ANNOTATIONS
- 55-2A-203. Seals inoperative.
- ANNOTATIONS
- 55-2A-204. Formation in general.
- ANNOTATIONS
- 55-2A-205. Firm offers.
- ANNOTATIONS
- 55-2A-206. Offer and acceptance in formation of lease contract.
- ANNOTATIONS
- 55-2A-207. Course of performance or practical construction.
- ANNOTATIONS
- 55-2A-208. Modification, rescission and waiver.
- ANNOTATIONS
- 55-2A-209. Lessee under finance lease as beneficiary of supply contract.
- ANNOTATIONS
- 55-2A-210. Express warranties.
- ANNOTATIONS
- 55-2A-211. Warranties against interference and against infringement; lessee's obligation against infringement.
- ANNOTATIONS
- 55-2A-212. Implied warranty of merchantability.
- ANNOTATIONS
- 55-2A-213. Implied warranty of fitness for particular purpose.
- ANNOTATIONS
- 55-2A-214. Exclusion or modification of warranties.
- ANNOTATIONS
- 55-2A-215. Cumulation and conflict of warranties express or implied.
- ANNOTATIONS
- 55-2A-216. Third-party beneficiaries of express and implied warranties.
- ANNOTATIONS
- 55-2A-217. Identification.
- ANNOTATIONS
- 55-2A-218. Insurance and proceeds.
- ANNOTATIONS
- 55-2A-219. Risk of loss.
- ANNOTATIONS
- 55-2A-220. Effect of default on risk of loss.
- ANNOTATIONS
- 55-2A-221. Casualty to identified goods.
- ANNOTATIONS
- PART 3 EFFECT OF LEASE CONTRACT
- 55-2A-301. Enforceability of lease contract.
- ANNOTATIONS
- 55-2A-302. Title to and possession of goods.
- ANNOTATIONS
- 55-2A-303. Alienability of party's interest under lease contract or of lessor's residual interest in goods; delegation of performance; transfer of rights.
- ANNOTATIONS
- 55-2A-304. Subsequent lease of goods by lessor.
- ANNOTATIONS
- 55-2A-305. Sale or sublease of goods by lessee.
- ANNOTATIONS
- 55-2A-306. Priority of certain liens arising by operation of law.
- ANNOTATIONS
- 55-2A-307. Priority of liens arising by attachment or levy on, security interests in and other claims to goods.
- ANNOTATIONS
- 55-2A-308. Special rights of creditors.
- ANNOTATIONS
- 55-2A-309. Lessor's and lessee's rights when goods become fixtures.
- ANNOTATIONS
- 55-2A-310. Lessor's and lessee's rights when goods become accessions.
- ANNOTATIONS
- 55-2A-311. Priority subject to subordination.
- ANNOTATIONS
- PART 4 PERFORMANCE OF LEASE CONTRACT: REPUDIATED, SUBSTITUTED AND EXCUSED
- 55-2A-401. Insecurity; adequate assurance of performance.
- ANNOTATIONS
- 55-2A-402. Anticipatory repudiation.
- ANNOTATIONS
- 55-2A-403. Retraction of anticipatory repudiation.
- ANNOTATIONS
- 55-2A-404. Substituted performance.
- ANNOTATIONS
- 55-2A-405. Excused performance.
- ANNOTATIONS
- 55-2A-406. Procedure on excused performance.
- ANNOTATIONS
- 55-2A-407. Irrevocable promises; finance leases.
- ANNOTATIONS
- PART 5 DEFAULT
- 55-2A-501. Default; procedure.
- ANNOTATIONS
- 55-2A-502. Notice after default.
- ANNOTATIONS
- 55-2A-503. Modification or impairment of rights and remedies.
- ANNOTATIONS
- 55-2A-504. Liquidation of damages.
- ANNOTATIONS
- 55-2A-505. Cancellation and termination and effect of cancellation, termination, rescission or fraud on rights and remedies.
- ANNOTATIONS
- 55-2A-506. Statute of limitations.
- ANNOTATIONS
- 55-2A-507. Proof of market rent; time and place.
- ANNOTATIONS
- 55-2A-508. Lessee's remedies.
- ANNOTATIONS
- 55-2A-509. Lessee's rights on improper delivery; rightful rejection.
- ANNOTATIONS
- 55-2A-510. Installment lease contracts; rejection and default.
- ANNOTATIONS
- 55-2A-511. Merchant lessee's duties as to rightfully rejected goods.
- ANNOTATIONS
- 55-2A-512. Lessee's duties as to rightfully rejected goods.
- ANNOTATIONS
- 55-2A-513. Cure by lessor of improper tender or delivery; replacement.
- ANNOTATIONS
- 55-2A-514. Waiver of lessee's objections.
- ANNOTATIONS
- 55-2A-515. Acceptance of goods.
- ANNOTATIONS
- 55-2A-516. Effect of acceptance of goods; notice of default; burden of establishing default after acceptance; notice of claim or litigation to person answerable over.
- ANNOTATIONS
- 55-2A-517. Revocation of acceptance of goods.
- ANNOTATIONS
- 55-2A-518. Cover; substitute goods.
- ANNOTATIONS
- 55-2A-519. Lessee's damages for non-delivery, repudiation, default and breach of warranty in regard to accepted goods.
- ANNOTATIONS
- 55-2A-520. Lessee's incidental and consequential damages.
- ANNOTATIONS
- 55-2A-521. Lessee's right to specific performance or replevin.
- ANNOTATIONS
- 55-2A-522. Lessee's right to goods on lessor's insolvency.
- ANNOTATIONS
- 55-2A-523. Lessor's remedies.
- ANNOTATIONS
- 55-2A-524. Lessor's right to identify goods to lease contract.
- ANNOTATIONS
- 55-2A-525. Lessor's right to possession of goods.
- ANNOTATIONS
- 55-2A-526. Lessor's stoppage of delivery in transit or otherwise.
- ANNOTATIONS
- 55-2A-527. Lessor's rights to dispose of goods.
- ANNOTATIONS
- 55-2A-528. Lessor's damages for non-acceptance, failure to pay, repudiation or other default.
- ANNOTATIONS
- 55-2A-529. Lessor's action for the rent.
- ANNOTATIONS
- 55-2A-530. Lessor's incidental damages.
- ANNOTATIONS
- 55-2A-531. Standing to sue third parties for injury to goods.
- ANNOTATIONS
- 55-2A-532. Lessor's rights to residual interest.
- ANNOTATIONS
- ARTICLE 3 NEGOTIABLE INSTRUMENTS
- ANNOTATIONS
- PART 1 GENERAL PROVISIONS AND DEFINITIONS
- 55-3-101. Short title.
- ANNOTATIONS
- 55-3-102. Subject matter.
- ANNOTATIONS
- 55-3-103. Definitions.
- ANNOTATIONS
- 55-3-104. Negotiable instrument.
- ANNOTATIONS
- 55-3-105. Issue of instrument.
- ANNOTATIONS
- 55-3-106. Unconditional promise or order.
- ANNOTATIONS
- 55-3-107. Instrument payable in foreign money.
- ANNOTATIONS
- 55-3-108. Payable on demand or at definite time.
- ANNOTATIONS
- 55-3-109. Payable to bearer or to order.
- ANNOTATIONS
- 55-3-110. Identification of person to whom instrument is payable.
- ANNOTATIONS
- 55-3-111. Place of payment.
- ANNOTATIONS
- 55-3-112. Interest.
- ANNOTATIONS
- 55-3-113. Date of instrument.
- ANNOTATIONS
- 55-3-114. Contradictory terms of instrument.
- ANNOTATIONS
- 55-3-115. Incomplete instrument.
- ANNOTATIONS
- 55-3-116. Joint and several liability; contribution.
- ANNOTATIONS
- 55-3-117. Other agreements affecting instrument.
- ANNOTATIONS
- 55-3-118. Statute of limitations.
- ANNOTATIONS
- 55-3-119. Notice of right to defend action.
- ANNOTATIONS
- 55-3-120 to 55-3-122. Repealed.
- ANNOTATIONS
- PART 2 NEGOTIATION, TRANSFER AND INDORSEMENT
- 55-3-201. Negotiation.
- ANNOTATIONS
- 55-3-202. Negotiation subject to rescission.
- ANNOTATIONS
- 55-3-203. Transfer of instrument; rights acquired by transfer.
- ANNOTATIONS
- 55-3-204. Indorsement.
- ANNOTATIONS
- 55-3-205. Special indorsement; blank indorsement; anomalous indorsement.
- ANNOTATIONS
- 55-3-206. Restrictive indorsement.
- ANNOTATIONS
- 55-3-207. Reacquisition.
- ANNOTATIONS
- 55-3-208. Repealed.
- ANNOTATIONS
- PART 3 ENFORCEMENT OF INSTRUMENTS
- 55-3-301. Person entitled to enforce instrument.
- ANNOTATIONS
- 55-3-302. Holder in due course.
- ANNOTATIONS
- 55-3-303. Value and consideration.
- ANNOTATIONS
- 55-3-304. Overdue instrument.
- ANNOTATIONS
- 55-3-305. Defenses and claims in recoupment.
- ANNOTATIONS
- 55-3-306. Claims to an instrument.
- ANNOTATIONS
- 55-3-307. Notice of breach of fiduciary duty.
- ANNOTATIONS
- 55-3-308. Proof of signatures and status as holder in due course.
- ANNOTATIONS
- 55-3-309. Enforcement of lost, destroyed, or stolen instrument.
- ANNOTATIONS
- 55-3-310. Effect of instrument on obligation for which taken.
- ANNOTATIONS
- 55-3-311. Accord and satisfaction by use of instrument.
- ANNOTATIONS
- 55-3-312. Lost, destroyed or stolen cashier's check, teller's check or certified check.
- ANNOTATIONS
- PART 4 LIABILITY OF PARTIES
- 55-3-401. Signature.
- ANNOTATIONS
- 55-3-402. Signature by representative.
- ANNOTATIONS
- 55-3-403. Unauthorized signature.
- ANNOTATIONS
- 55-3-404. Impostors; fictitious payees.
- ANNOTATIONS
- 55-3-405. Employer's responsibility for fraudulent indorsement by employee.
- ANNOTATIONS
- 55-3-406. Negligence contributing to forged signature or alteration of instrument.
- ANNOTATIONS
- 55-3-407. Alteration.
- ANNOTATIONS
- 55-3-408. Drawee not liable on unaccepted draft.
- ANNOTATIONS
- 55-3-409. Acceptance of draft; certified check.
- ANNOTATIONS
- 55-3-410. Acceptance varying draft.
- ANNOTATIONS
- 55-3-411. Refusal to pay cashier's checks, teller's checks, and certified checks.
- ANNOTATIONS
- 55-3-412. Obligation of issuer of note or cashier's check.
- ANNOTATIONS
- 55-3-413. Obligation of acceptor.
- ANNOTATIONS
- 55-3-414. Obligation of drawer.
- ANNOTATIONS
- 55-3-415. Obligation of indorser.
- ANNOTATIONS
- 55-3-416. Transfer warranties.
- ANNOTATIONS
- 55-3-417. Presentment warranties.
- ANNOTATIONS
- 55-3-418. Payment or acceptance by mistake.
- ANNOTATIONS
- 55-3-419. Instruments signed for accommodation.
- ANNOTATIONS
- 55-3-420. Conversion of instrument.
- ANNOTATIONS
- PART 5 DISHONOR
- 55-3-501. Presentment.
- ANNOTATIONS
- 55-3-502. Dishonor.
- ANNOTATIONS
- 55-3-503. Notice of dishonor.
- ANNOTATIONS
- 55-3-504. Excused presentment and notice of dishonor.
- ANNOTATIONS
- 55-3-505. Evidence of dishonor.
- ANNOTATIONS
- 55-3-506 to 55-3-511. Repealed.
- ANNOTATIONS
- PART 6 DISCHARGE AND PAYMENT
- 55-3-601. Discharge and effect of discharge.
- ANNOTATIONS
- 55-3-602. Payment.
- ANNOTATIONS
- 55-3-603. Tender of payment.
- ANNOTATIONS
- 55-3-604. Discharge by cancellation or renunciation.
- ANNOTATIONS
- 55-3-605. Discharge of indorsers and accommodation parties.
- ANNOTATIONS
- 55-3-606. Repealed.
- ANNOTATIONS
- PART 7 ADVICE OF INTERNATIONAL SIGHT DRAFT
- 55-3-701. Repealed.
- ANNOTATIONS
- PART 8 MISCELLANEOUS
- 55-3-801 to 55-3-805. Repealed.
- ANNOTATIONS
- ARTICLE 4 BANK DEPOSITS AND COLLECTIONS
- ANNOTATIONS
- PART 1 GENERAL PROVISIONS AND DEFINITIONS
- 55-4-101. Short title.
- ANNOTATIONS
- 55-4-102. Applicability.
- ANNOTATIONS
- 55-4-103. Variation by agreement; measure of damages; action constituting ordinary care.
- ANNOTATIONS
- 55-4-104. Definitions and index of definitions.
- ANNOTATIONS
- 55-4-105. "Bank"; "depositary bank"; "intermediary bank"; "collecting bank"; "payor bank"; "presenting bank".
- ANNOTATIONS
- 55-4-106. Payable through or payable at bank; collecting bank.
- ANNOTATIONS
- 55-4-107. Separate office of a bank.
- ANNOTATIONS
- 55-4-108. Time of receipt of items.
- ANNOTATIONS
- 55-4-109. Delays.
- ANNOTATIONS
- 55-4-110. Electronic presentment.
- ANNOTATIONS
- 55-4-111. Statute of limitations.
- ANNOTATIONS
- PART 2 COLLECTION OF ITEMS - DEPOSITARY AND COLLECTING BANKS
- 55-4-201. Status of collecting banks as agent and provisional status of credits; applicability of article; item indorsed "pay any bank".
- ANNOTATIONS
- 55-4-202. Responsibility for collection or return; when action timely.
- ANNOTATIONS
- 55-4-203. Effect of instructions.
- ANNOTATIONS
- 55-4-204. Methods of sending and presenting; sending directly to payor bank.
- ANNOTATIONS
- 55-4-205. Depositary bank holder of unindorsed item.
- ANNOTATIONS
- 55-4-206. Transfer between banks.
- ANNOTATIONS
- 55-4-207. Transfer warranties.
- ANNOTATIONS
- 55-4-208. Presentment warranties.
- ANNOTATIONS
- 55-4-209. Encoding and retention warranties.
- ANNOTATIONS
- 55-4-210. Security interest of collecting bank in items, accompanying documents and proceeds.
- ANNOTATIONS
- 55-4-211. When bank gives value for purposes of holder in due course.
- ANNOTATIONS
- 55-4-212. Presentment by notice of item not payable by, through or at a bank; liability of drawer or indorser.
- ANNOTATIONS
- 55-4-213. Medium and time of settlement by bank.
- ANNOTATIONS
- 55-4-214. Right of charge-back or refund; liability of collecting bank; return of item.
- ANNOTATIONS
- 55-4-215. Final payment of item by payor bank; when provisional debits and credits become final; when certain credits become available for withdrawal.
- ANNOTATIONS
- 55-4-216. Insolvency and preference.
- ANNOTATIONS
- PART 3 COLLECTION OF ITEMS - PAYOR BANKS
- 55-4-301. Deferred posting; recovery of payment by return of items; time of dishonor; return of items by payor bank.
- ANNOTATIONS
- 55-4-302. Payor bank's responsibility for late return of item.
- ANNOTATIONS
- 55-4-303. When items subject to notice, stop-payment order, legal process or setoff; order in which items may be charged or certified.
- ANNOTATIONS
- PART 4 RELATIONSHIP BETWEEN PAYOR BANK AND ITS CUSTOMER
- 55-4-401. When bank may charge customer's account.
- ANNOTATIONS
- 55-4-402. Bank's liability to customer for wrongful dishonor; time of determining insufficiency of account.
- ANNOTATIONS
- 55-4-403. Customer's right to stop payment; burden of proof of loss.
- ANNOTATIONS
- 55-4-404. Bank not obliged to pay check more than six months old.
- ANNOTATIONS
- 55-4-405. Death or incompetence of customer.
- ANNOTATIONS
- 55-4-406. Customer's duty to discover and report unauthorized signature or alteration.
- ANNOTATIONS
- 55-4-407. Payor bank's right to subrogation on improper payment.
- ANNOTATIONS
- PART 5 COLLECTION OF DOCUMENTARY DRAFTS
- 55-4-501. Handling of documentary drafts; duty to send for presentment and to notify customer of dishonor.
- ANNOTATIONS
- 55-4-502. Presentment of "on arrival" drafts.
- ANNOTATIONS
- 55-4-503. Responsibility of presenting bank for documents and goods; report of reasons for dishonor; referee in case of need.
- ANNOTATIONS
- 55-4-504. Privilege of presenting bank to deal with goods; security interest for expenses.
- ANNOTATIONS
- ARTICLE 4A FUNDS TRANSFERS
- ANNOTATIONS
- PART 1 SUBJECT MATTER AND DEFINITIONS
- 55-4A-101. Short title.
- ANNOTATIONS
- 55-4A-102. Subject matter.
- ANNOTATIONS
- 55-4A-103. Payment order; definitions.
- ANNOTATIONS
- 55-4A-104. Funds transfer; definitions.
- ANNOTATIONS
- 55-4A-105. Other definitions.
- ANNOTATIONS
- 55-4A-106. Time payment order is received.
- ANNOTATIONS
- 55-4A-107. Federal reserve regulations and operating circulars.
- ANNOTATIONS
- 55-4A-108. Exclusion of consumer transactions governed by federal law.
- ANNOTATIONS
- PART 2 ISSUE AND ACCEPTANCE OF PAYMENT ORDER
- 55-4A-201. Security procedure.
- ANNOTATIONS
- 55-4A-202. Authorized and verified payment orders.
- ANNOTATIONS
- 55-4A-203. Unenforceability of certain verified payment orders.
- ANNOTATIONS
- 55-4A-204. Refund of payment and duty of customer to report with respect to unauthorized payment order.
- ANNOTATIONS
- 55-4A-205. Erroneous payment orders.
- ANNOTATIONS
- 55-4A-206. Transmission of payment order through funds-transfer or other communication system.
- ANNOTATIONS
- 55-4A-207. Misdescription of beneficiary.
- ANNOTATIONS
- 55-4A-208. Misdescription of intermediary bank or beneficiary's bank.
- ANNOTATIONS
- 55-4A-209. Acceptance of payment order.
- ANNOTATIONS
- 55-4A-210. Rejection of payment order.
- ANNOTATIONS
- 55-4A-211. Cancellation and amendment of payment order.
- ANNOTATIONS
- 55-4A-212. Liability and duty of receiving bank regarding unaccepted payment order.
- ANNOTATIONS
- PART 3 EXECUTION OF SENDER'S PAYMENT ORDER BY RECEIVING BANK
- 55-4A-301. Execution and execution date.
- ANNOTATIONS
- 55-4A-302. Obligations of receiving bank in execution of payment order.
- ANNOTATIONS
- 55-4A-303. Erroneous execution of payment order.
- ANNOTATIONS
- 55-4A-304. Duty of sender to report erroneously executed payment order.
- ANNOTATIONS
- 55-4A-305. Liability for late or improper execution or failure to execute payment order.
- ANNOTATIONS
- PART 4 PAYMENT
- 55-4A-401. Payment date.
- ANNOTATIONS
- 55-4A-402. Obligation of sender to pay receiving bank.
- ANNOTATIONS
- 55-4A-403. Payment by sender to receiving bank.
- ANNOTATIONS
- 55-4A-404. Obligation of beneficiary's bank to pay and give notice to beneficiary.
- ANNOTATIONS
- 55-4A-405. Payment by beneficiary's bank to beneficiary.
- ANNOTATIONS
- 55-4A-406. Payment by originator to beneficiary; discharge of underlying obligation.
- ANNOTATIONS
- PART 5 MISCELLANEOUS PROVISIONS
- 55-4A-501. Variation by agreement and effect of funds-transfer system rule.
- ANNOTATIONS
- 55-4A-502. Creditor process served on receiving bank; set-off by beneficiary's bank.
- ANNOTATIONS
- 55-4A-503. Injunction or restraining order with respect to funds transfer.
- ANNOTATIONS
- 55-4A-504. Order in which items and payment orders may be charged to account; order of withdrawals from account.
- ANNOTATIONS
- 55-4A-505. Preclusion of objection to debit of customer's account.
- ANNOTATIONS
- 55-4A-506. Rate of interest.
- ANNOTATIONS
- 55-4A-507. Choice of law.
- ANNOTATIONS
- ARTICLE 5 LETTERS OF CREDIT
- 55-5-101. Short title.
- ANNOTATIONS
- 55-5-102. Scope.
- ANNOTATIONS
- 55-5-103. Definitions.
- ANNOTATIONS
- 55-5-104. Formal requirements; signing.
- ANNOTATIONS
- 55-5-105. Consideration.
- ANNOTATIONS
- 55-5-106. Time and effect of establishment of credit.
- ANNOTATIONS
- 55-5-107. Advice of credit; confirmation; error in statement of terms.
- ANNOTATIONS
- 55-5-108. "Notation credit"; exhaustion of credit.
- ANNOTATIONS
- 55-5-109. Issuer's obligation to its customer.
- ANNOTATIONS
- 55-5-110. Availability of credit in portions; presenter's reservation of lien or claim.
- ANNOTATIONS
- 55-5-111. Warranties on transfer and presentment.
- ANNOTATIONS
- 55-5-112. Time allowed for honor or rejection; withholding honor or rejection by consent; "presenter."
- ANNOTATIONS
- 55-5-113. Indemnities.
- ANNOTATIONS
- 55-5-114. Issuer's duty and privilege to honor; right to reimbursement.
- ANNOTATIONS
- 55-5-115. Remedy for improper dishonor or anticipatory repudiation.
- ANNOTATIONS
- 55-5-116. Transfer and assignment.
- ANNOTATIONS
- 55-5-117. Insolvency of bank holding funds for documentary credit.
- ANNOTATIONS
- ARTICLE 6 BULK TRANSFERS
- 55-6-101 to 55-6-110. Repealed.
- ANNOTATIONS
- ARTICLE 7 WAREHOUSE RECEIPTS, BILLS OF LADING AND OTHER DOCUMENTS OF TITLE
- PART 1 GENERAL
- 55-7-101. Short title.
- ANNOTATIONS
- 55-7-102. Definitions and index of definitions.
- ANNOTATIONS
- 55-7-103. Relation of article to treaty, statute, tariff, classification or regulation.
- ANNOTATIONS
- 55-7-104. Negotiable and nonnegotiable warehouse receipt, bill of lading or other document of title.
- ANNOTATIONS
- 55-7-105. Construction against negative implication.
- ANNOTATIONS
- PART 2 WAREHOUSE RECEIPTS; SPECIAL PROVISIONS
- 55-7-201. Who may issue a warehouse receipt; storage under government bond.
- ANNOTATIONS
- 55-7-202. Form of warehouse receipt; essential terms; optional terms.
- ANNOTATIONS
- 55-7-203. Liability for nonreceipt or misdescription.
- ANNOTATIONS
- 55-7-204. Duty of care; contractual limitation of warehouseman's liability.
- ANNOTATIONS
- 55-7-205. Title under warehouse receipt defeated in certain cases.
- ANNOTATIONS
- 55-7-206. Termination of storage at warehouseman's option.
- ANNOTATIONS
- 55-7-207. Goods must be kept separate; fungible goods.
- ANNOTATIONS
- 55-7-208. Altered warehouse receipts.
- ANNOTATIONS
- 55-7-209. Lien of warehouseman.
- ANNOTATIONS
- 55-7-210. Enforcement of warehouseman's lien.
- ANNOTATIONS
- PART 3 BILLS OF LADING; SPECIAL PROVISIONS
- 55-7-301. Liability for nonreceipt or misdescription; "said to contain"; "shipper's load and count"; improper handling.
- ANNOTATIONS
- 55-7-302. Through bills of lading and similar documents.
- ANNOTATIONS
- 55-7-303. Diversion; reconsignment; change of instructions.
- ANNOTATIONS
- 55-7-304. Bills of lading in a set.
- ANNOTATIONS
- 55-7-305. Destination bills.
- ANNOTATIONS
- 55-7-306. Altered bills of lading.
- ANNOTATIONS
- 55-7-307. Lien of carrier.
- ANNOTATIONS
- 55-7-308. Enforcement of carrier's lien.
- ANNOTATIONS
- 55-7-309. Duty of care; contractual limitation of carrier's liability.
- ANNOTATIONS
- PART 4 WAREHOUSE RECEIPTS AND BILLS OF LADING; GENERAL OBLIGATIONS
- 55-7-401. Irregularities in issue of receipt or bill or conduct of issuer.
- ANNOTATIONS
- 55-7-402. Duplicate receipt or bill; overissue.
- ANNOTATIONS
- 55-7-403. Obligation of warehouseman or carrier to deliver; excuse.
- ANNOTATIONS
- 55-7-404. No liability for good faith delivery pursuant to receipt or bill.
- ANNOTATIONS
- PART 5 WAREHOUSE RECEIPTS AND BILLS OF LADING; NEGOTIATION AND TRANSFER
- 55-7-501. Form of negotiation and requirements of "due negotiation."
- ANNOTATIONS
- 55-7-502. Rights acquired by due negotiation.
- ANNOTATIONS
- 55-7-503. Document of title to goods defeated in certain cases.
- ANNOTATIONS
- 55-7-504. Rights acquired in the absence of due negotiation; effect of diversion; seller's stoppage of delivery.
- ANNOTATIONS
- 55-7-505. Indorser not a guarantor for other parties.
- ANNOTATIONS
- 55-7-506. Delivery without indorsement; right to compel indorsement.
- ANNOTATIONS
- 55-7-507. Warranties on negotiation or transfer of receipt or bill.
- ANNOTATIONS
- 55-7-508. Warranties of collecting bank as to documents.
- ANNOTATIONS
- 55-7-509. Receipt or bill; when adequate compliance with commercial contract.
- ANNOTATIONS
- PART 6 WAREHOUSE RECEIPTS AND BILLS OF LADING; MISCELLANEOUS PROVISIONS
- 55-7-601. Lost and missing documents.
- ANNOTATIONS
- 55-7-602. Attachment of goods covered by a negotiable document.
- ANNOTATIONS
- 55-7-603. Conflicting claims; interpleader.
- ANNOTATIONS
- PART 7 WAREHOUSE RECEIPTS; SPECIAL PENALTY PROVISIONS
- 55-7-701. Issue of receipt for goods not received.
- ANNOTATIONS
- 55-7-702. Issue of receipt containing false statement.
- 55-7-703. Issue of duplicate receipts not so marked.
- ANNOTATIONS
- 55-7-704. Issue for warehouseman's goods of receipts which do not state that fact.
- 55-7-705. Delivery of goods without obtaining negotiable receipt.
- ANNOTATIONS
- 55-7-706. Negotiation of receipt for goods subject to a security interest.
- PART 8 BILLS OF LADING; SPECIAL PENALTY PROVISIONS
- 55-7-801. Issue of bill for goods not received.
- ANNOTATIONS
- 55-7-802. Issue of bill containing false statement.
- 55-7-803. Issue of duplicate bills not so marked.
- ANNOTATIONS
- 55-7-804. Negotiation of bill for goods subject to a security interest.
- 55-7-805. Negotiation of bill when goods are not in carrier's possession.
- ANNOTATIONS
- 55-7-806. Inducing carrier to issue bill when goods have not been received.
- 55-7-807. Issue of nonnegotiable bill not so marked.
- ARTICLE 8 INVESTMENT SECURITIES
- ANNOTATIONS
- PART 1 SHORT TITLE AND GENERAL MATTERS
- 55-8-101. Short title.
- ANNOTATIONS
- 55-8-102. Definitions and index of definitions.
- ANNOTATIONS
- 55-8-103. Issuer's lien.
- ANNOTATIONS
- 55-8-104. Effect of overissue; "overissue".
- ANNOTATIONS
- 55-8-105. Certificated securities negotiable; statements and instructions not negotiable; presumptions.
- ANNOTATIONS
- 55-8-106. Applicability.
- ANNOTATIONS
- 55-8-107. Securities transferable; action for price.
- ANNOTATIONS
- 55-8-108. Registration of pledge and release of uncertificated securities.
- ANNOTATIONS
- PART 2 ISSUE; ISSUER
- 55-8-201. "Issuer".
- ANNOTATIONS
- 55-8-202. Issuer's responsibility and defenses; notice of defect or defense.
- ANNOTATIONS
- 55-8-203. Staleness as notice of defects or defenses.
- ANNOTATIONS
- 55-8-204. Effect of issuer's restrictions on transfer.
- ANNOTATIONS
- 55-8-205. Effect of unauthorized signature on certificated security or initial transaction statement.
- ANNOTATIONS
- 55-8-206. Completion or alteration of certificated security or initial transaction statement.
- ANNOTATIONS
- 55-8-207. Rights and duties of issuer with respect to registered owners and registered pledgees.
- ANNOTATIONS
- 55-8-208. Effect of signature of authenticating trustee, registrar or transfer agent.
- ANNOTATIONS
- PART 3 PURCHASE
- 55-8-301. Rights acquired by purchaser.
- ANNOTATIONS
- 55-8-302. "Bona fide purchaser"; "adverse claim"; title acquired by bona fide purchaser.
- ANNOTATIONS
- 55-8-303. "Broker".
- ANNOTATIONS
- 55-8-304. Notice to purchaser of adverse claims.
- ANNOTATIONS
- 55-8-305. Staleness as notice of adverse claims.
- ANNOTATIONS
- 55-8-306. Warranties on presentment and transfer of certificated securities; warranties of originators of instructions.
- ANNOTATIONS
- 55-8-307. Effect of delivery without indorsement; right to compel indorsement.
- ANNOTATIONS
- 55-8-308. Indorsements; instructions.
- ANNOTATIONS
- 55-8-309. Effect of indorsement without delivery.
- ANNOTATIONS
- 55-8-310. Indorsement of certificated security in bearer form.
- ANNOTATIONS
- 55-8-311. Effect of unauthorized indorsement or instruction.
- ANNOTATIONS
- 55-8-312. Effect of guaranteeing signature; indorsement or instruction.
- ANNOTATIONS
- 55-8-313. When transfer to the purchaser occurs; financial intermediary as bona fide purchaser; "financial intermediary".
- ANNOTATIONS
- 55-8-314. Duty to transfer, when completed.
- ANNOTATIONS
- 55-8-315. Action against transferee based upon wrongful transfer.
- ANNOTATIONS
- 55-8-316. Purchaser's right to requisites for registration of transfer pledge or release on books.
- ANNOTATIONS
- 55-8-317. Creditors' rights.
- ANNOTATIONS
- 55-8-318. No conversion by good faith conduct.
- ANNOTATIONS
- 55-8-319. Statute of frauds.
- ANNOTATIONS
- 55-8-320. Transfer or pledge within central depository system.
- ANNOTATIONS
- 55-8-321. Enforceability; attachment; perfection and termination of security interests.
- ANNOTATIONS
- PART 4 REGISTRATION
- 55-8-401. Duty of issuer to register transfer, pledge or release.
- ANNOTATIONS
- 55-8-402. Assurance that indorsements and instructions are effective.
- ANNOTATIONS
- 55-8-403. Issuer's duty as to adverse claims.
- ANNOTATIONS
- 55-8-404. Liability and non-liability for registration.
- ANNOTATIONS
- 55-8-405. Lost, destroyed and stolen certificated securities.
- ANNOTATIONS
- 55-8-406. Duty of authenticating trustee, transfer agent or registrar.
- ANNOTATIONS
- 55-8-407. Exchangeability of securities.
- ANNOTATIONS
- 55-8-408. Statements of uncertificated securities.
- ANNOTATIONS
- ARTICLE 9 SECURED TRANSACTIONS; SALES OF ACCOUNTS, CONTRACT RIGHTS AND CHATTEL PAPER
- ANNOTATIONS
- PART 1 SHORT TITLE, APPLICABILITY AND DEFINITIONS
- 55-9-101. Short title.
- ANNOTATIONS
- 55-9-102. Policy and subject matter of article.
- ANNOTATIONS
- 55-9-103. Perfection of security interests in multiple state transactions.
- ANNOTATIONS
- 55-9-104. Transactions excluded from article.
- ANNOTATIONS
- 55-9-105. Definitions and index of definitions.
- ANNOTATIONS
- 55-9-106. Definitions: "account"; "general intangibles".
- ANNOTATIONS
- 55-9-107. Definitions: "purchase money security interest."
- ANNOTATIONS
- 55-9-108. When after-acquired collateral not security for antecedent debt.
- ANNOTATIONS
- 55-9-109. Classification of goods; "consumer goods"; "equipment"; "farm products"; "inventory".
- ANNOTATIONS
- 55-9-110. Sufficiency of description.
- ANNOTATIONS
- 55-9-111. Repealed.
- ANNOTATIONS
- 55-9-112. Where collateral is not owned by debtor.
- ANNOTATIONS
- 55-9-113. Security interests arising under article on sales or under article on leases.
- ANNOTATIONS
- 55-9-114. Consignment.
- ANNOTATIONS
- PART 2 VALIDITY OF SECURITY AGREEMENT AND RIGHTS OF PARTIES THERETO
- 55-9-201. General validity of security agreement.
- ANNOTATIONS
- 55-9-202. Title to collateral immaterial.
- ANNOTATIONS
- 55-9-203. Attachment and enforceability of security interest; proceeds; formal requisites.
- ANNOTATIONS
- 55-9-204. After-acquired property; future advances.
- ANNOTATIONS
- 55-9-205. Use or disposition of collateral without accounting permissible.
- ANNOTATIONS
- 55-9-206. Agreement not to assert defenses against assignee; modification of sales warranties where security agreement exists.
- ANNOTATIONS
- 55-9-207. Rights and duties when collateral is in secured party's possession.
- ANNOTATIONS
- 55-9-208. Request for statement of account or list of collateral.
- ANNOTATIONS
- PART 3 RIGHTS OF THIRD PARTIES; PERFECTED AND UNPERFECTED SECURITY INTERESTS; RULES OF PRIORITY
- 55-9-301. Persons who take priority over unperfected security interests; right of "lien creditor".
- ANNOTATIONS
- 55-9-302. When filing is required to perfect security interest; security interests to which filing provisions of this article do not apply.
- ANNOTATIONS
- 55-9-303. When security interest is perfected; continuity of perfection.
- ANNOTATIONS
- 55-9-304. Perfection of security interest in instruments, documents and goods covered by documents; perfection by permissive filing; temporary perfection without filing or transfer of possession.
- ANNOTATIONS
- 55-9-305. When possession by secured party perfects security interest without filing.
- ANNOTATIONS
- 55-9-306. "Proceeds"; secured party's rights on disposition of collateral.
- ANNOTATIONS
- 55-9-307. Protection of buyers of goods. (Effective until July 1, 1997.)
- ANNOTATIONS
- ANNOTATIONS
- 55-9-308. Purchase of chattel paper and instruments.
- ANNOTATIONS
- 55-9-309. Protection of purchasers of instruments and documents and securities.
- ANNOTATIONS
- 55-9-310. Priority of certain liens arising by operation of law.
- ANNOTATIONS
- 55-9-311. Alienability of debtor's rights; judicial process.
- ANNOTATIONS
- 55-9-312. Priorities among conflicting security interests in the same collateral.
- ANNOTATIONS
- 55-9-313. Priority of security interests in fixtures.
- ANNOTATIONS
- 55-9-314. Accessions.
- ANNOTATIONS
- 55-9-315. Priority when goods are commingled or processed.
- ANNOTATIONS
- 55-9-316. Priority subject to subordination.
- ANNOTATIONS
- 55-9-317. Secured party not obligated on contract of debtor.
- ANNOTATIONS
- 55-9-318. Defenses against assignee; modification of contract after notification of assignment; term prohibiting assignment ineffective; identification and proof of assignment.
- ANNOTATIONS
- PART 4 FILING
- 55-9-401. Place of filing; removal of collateral.
- ANNOTATIONS
- 55-9-402. Formal requisites of financing statement; amendments; mortgage as financing statement.
- ANNOTATIONS
- 55-9-403. What constitutes filing; duration of filing; effect of lapsed filing; duties of filing officer.
- ANNOTATIONS
- 55-9-404. Termination statement.
- ANNOTATIONS
- 55-9-405. Assignment of security interest; duties of filing officer; fees.
- ANNOTATIONS
- 55-9-406. Release of collateral; duties of filing officer; fees.
- ANNOTATIONS
- 55-9-407. Information from filing officer.
- ANNOTATIONS
- 55-9-408. Financing statements covering consigned or leased goods.
- ANNOTATIONS
- PART 5 DEFAULT
- 55-9-501. Default; procedure when security agreement covers both real and personal property.
- ANNOTATIONS
- 55-9-502. Collection rights of secured party.
- ANNOTATIONS
- 55-9-503. Secured party's right to take possession after default.
- ANNOTATIONS
- 55-9-504. Secured party's right to dispose of collateral after default; effect of disposition.
- ANNOTATIONS
- 55-9-505. Compulsory disposition of collateral; acceptance of the collateral as discharge of obligation.
- ANNOTATIONS
- 55-9-506. Debtor's right to redeem collateral.
- ANNOTATIONS
- 55-9-507. Secured party's liability for failure to comply with this part.
- ANNOTATIONS
- ARTICLE 10 EFFECTIVE DATE, REPEALER AND MISCELLANEOUS
- ANNOTATIONS
- ARTICLE 11 AMENDMENT TO OTHER STATUTES
- ANNOTATIONS
- ARTICLE 12 EFFECTIVE DATE AND TRANSITION PROVISIONS
- 55-12-101. Effective date; ["old U.C.C." and "new U.C.C." defined].
- ANNOTATIONS
- 55-12-102. Preservation of old transition provision.
- ANNOTATIONS
- 55-12-103. Transition to new U.C.C.; general rule.
- ANNOTATIONS
- 55-12-104. Transition provision on change of requirement of filing.
- ANNOTATIONS
- 55-12-105. Transition provision on change of place of filing.
- ANNOTATIONS
- 55-12-106. Required refilings.
- ANNOTATIONS
- 55-12-107. Transition provisions as to priorities.
- ANNOTATIONS
- 55-12-108. Presumption that rule of law continues unchanged.
- ANNOTATIONS
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