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Arizona Revised Statutes

Chapter 1
GENERAL PROVISIONS
Article 1Short Title, Construction, Application and Subject Matter of the Title
  • 47-1103
  • Construction to promote purposes and policies; applicability of supplemental principles of law
  • 47-1104
  • Construction against implied repeal
  • 47-1106
  • Use of singular and plural; gender
  • 47-1108
  • Relation to electronic signatures in global and national commerce act
Article 2General Definitions and Principles of Interpretation
  • 47-1203
  • Lease distinguished from security interest
  • 47-1205
  • Reasonable time; "seasonably"
Article 3Territorial Applicability and General Rules
  • 47-1301
  • Territorial applicability; parties' power to choose applicable law
  • 47-1303
  • Course of performance; course of dealing and usage of trade
  • 47-1305
  • Remedies to be liberally administered
  • 47-1306
  • Waiver or renunciation of claim or right after breach
  • 47-1307
  • Prima facie evidence by third party documents
  • 47-1308
  • Performance or acceptance under reservation of rights
  • 47-1309
  • Option to accelerate at will
Chapter 2
SALES
Article 1Short Title, General Construction and Subject Matter
  • 47-2102
  • Scope; certain security and other transactions excluded from this chapter
  • 47-2103
  • Definitions and index of definitions
  • 47-2104
  • Definitions: "merchant"; "between merchants"; "financing agency"
  • 47-2105
  • Definitions: transferability; "goods"; "future" goods; "lot"; "commercial unit"
  • 47-2106
  • Definitions: "contract"; "agreement"; "contract for sale"; "sale"; "present sale"; "conforming" to contract; "termination"; "cancellation"
  • 47-2107
  • Goods to be severed from realty; recording
Article 2Form, Formation and Readjustment of Contract
  • 47-2201
  • Formal requirements; statute of frauds
  • 47-2202
  • Final written expression: parol or extrinsic evidence
  • 47-2206
  • Offer and acceptance in formation of contract
  • 47-2207
  • Additional terms in acceptance or confirmation
  • 47-2209
  • Modification, rescission and waiver
  • 47-2210
  • Delegation of performance; assignment of rights
Article 3General Obligation and Construction of Contract
  • 47-2301
  • General obligations of parties
  • 47-2302
  • Unconscionable contract or clause
  • 47-2303
  • Allocation or division of risks
  • 47-2304
  • Price payable in money, goods, realty, or otherwise
  • 47-2306
  • Output, requirements and exclusive dealings
  • 47-2307
  • Delivery in single lot or several lots
  • 47-2308
  • Absence of specified place for delivery
  • 47-2309
  • Absence of specific time provisions; notice of termination
  • 47-2310
  • Open time for payment or running of credit; authority to ship under reservation
  • 47-2311
  • Options and cooperation respecting performance
  • 47-2312
  • Warranty of title and against infringement; buyer's obligation against infringement
  • 47-2313
  • Express warranties by affirmation, promise, description, sample
  • 47-2314
  • Implied warranty: merchantability; usage of trade
  • 47-2315
  • Implied warranty: fitness for particular purpose
  • 47-2316
  • Exclusion or modification of warranties
  • 47-2317
  • Cumulation and conflict of warranties express or implied
  • 47-2318
  • Third party beneficiaries of warranties express or implied
  • 47-2321
  • C.I.F. or C. & F.: "net landed weights"; "payment on arrival"; warranty of condition on arrival
  • 47-2323
  • Form of bill of lading required in overseas shipment; "overseas"
  • 47-2325
  • "Letter of credit" term; "confirmed credit"
  • 47-2326
  • Sale on approval and sale or return; rights of creditors
  • 47-2327
  • Special incidents of sale on approval and sale or return
Article 4Title, Creditors and Good Faith Purchases
  • 47-2401
  • Passing of title; reservation for security; limited application of this section
  • 47-2402
  • Rights of seller's creditors against sold goods
  • 47-2403
  • Power to transfer; good faith purchase of goods; "entrusting"
Article 5Performance
  • 47-2501
  • Insurable interest in goods; manner of identification of goods
  • 47-2502
  • Buyer's right to goods on seller's insolvency
  • 47-2503
  • Manner of seller's tender of delivery
  • 47-2505
  • Seller's shipment under reservation
  • 47-2507
  • Effect of seller's tender; delivery on condition
  • 47-2508
  • Cure by seller of improper tender or delivery; replacement
  • 47-2509
  • Risk of loss in the absence of breach
  • 47-2510
  • Effect of breach on risk of loss
  • 47-2511
  • Tender of payment by buyer; payment by check
  • 47-2512
  • Payment by buyer before inspection
  • 47-2513
  • Buyer's right to inspection of goods
  • 47-2514
  • When documents deliverable on acceptance; when on payment
  • 47-2515
  • Preserving evidence of goods in dispute
Article 6Breach, Repudiation and Excuse
  • 47-2601
  • Buyer's rights on improper delivery
  • 47-2602
  • Manner and effect of rightful rejection
  • 47-2603
  • Merchant buyer's duties as to rightfully rejected goods
  • 47-2604
  • Buyer's options as to salvage of rightfully rejected goods
  • 47-2605
  • Waiver of buyer's objections by failure to particularize
  • 47-2606
  • What constitutes acceptance of goods
  • 47-2607
  • Effect of acceptance; notice of breach; burden of establishing breach after acceptance; notice of claim or litigation to person answerable over
  • 47-2608
  • Revocation of acceptance in whole or in part
  • 47-2609
  • Right to adequate assurance of performance
  • 47-2611
  • Retraction of anticipatory repudiation
  • 47-2612
  • "Installment contract"; breach
  • 47-2613
  • Casualty to identified goods
  • 47-2615
  • Excuse by failure of presupposed conditions
  • 47-2616
  • Procedure on notice claiming excuse
Article 7Remedies
  • 47-2701
  • Remedies for breach of collateral contracts not impaired
  • 47-2702
  • Seller's remedies on discovery of buyer's insolvency
  • 47-2703
  • Seller's remedies in general
  • 47-2704
  • Seller's right to identify goods to the contract notwithstanding breach or to salvage unfinished goods
  • 47-2705
  • Seller's stoppage of delivery in transit or otherwise
  • 47-2706
  • Seller's resale including contract for resale
  • 47-2707
  • "Person in the position of a seller"
  • 47-2708
  • Seller's damages for non-acceptance or repudiation
  • 47-2710
  • Seller's incidental damages
  • 47-2711
  • Buyer's remedies in general; buyer's security interest in rejected goods
  • 47-2712
  • "Cover"; buyer's procurement of substitute goods
  • 47-2713
  • Buyer's damages for non-delivery or repudiation
  • 47-2714
  • Buyer's damages for breach in regard to accepted goods
  • 47-2715
  • Buyer's incidental and consequential damages
  • 47-2716
  • Buyer's right to specific performance or replevin
  • 47-2717
  • Deduction of damages from the price
  • 47-2718
  • Liquidation or limitation of damages; deposits
  • 47-2719
  • Contractual modification or limitation of remedy
  • 47-2720
  • Effect of "cancellation" or "rescission" on claims for antecedent breach
  • 47-2722
  • Who can sue third parties for injury to goods
  • 47-2723
  • Proof of market price: time and place
  • 47-2724
  • Admissibility of market quotations
  • 47-2725
  • Statute of limitations in contracts for sale
Chapter 2A
LEASES
Article 1General Provisions
  • 47-2A103
  • Definitions and index of definitions
  • 47-2A105
  • Territorial application of chapter to goods covered by certificate of title
  • 47-2A106
  • Limitation on power of parties to consumer lease to choose applicable law and judicial forum
  • 47-2A107
  • Waiver or renunciation of claim or right after default
Article 2Formation and Construction of Lease Contract
  • 47-2A202
  • Final written expression; parol or extrinsic evidence
  • 47-2A206
  • Offer and acceptance in formation of lease contract
  • 47-2A208
  • Modification, rescission and waiver
  • 47-2A209
  • Lessee under finance lease as beneficiary of supply contract
  • 47-2A211
  • Warranties against interference and against infringement; lessee's obligation against infringement
  • 47-2A212
  • Implied warranty of merchantability
  • 47-2A213
  • Implied warranty of fitness for particular purpose
  • 47-2A214
  • Exclusion or modification of warranties
  • 47-2A215
  • Cumulation and conflict of warranties express or implied
  • 47-2A216
  • Third-party beneficiaries of express and implied warranties
  • 47-2A220
  • Effect of default on risk of loss
Article 3Effect of Lease Contract
  • 47-2A301
  • Enforceability of lease contract
  • 47-2A302
  • Title to and possession of goods
  • 47-2A303
  • Alienability of party's interest under lease contract or of lessor's residual interest in goods; delegation of performance; transfer of rights
  • 47-2A304
  • Subsequent lease of goods by lessor
  • 47-2A305
  • Sale or sublease of goods by lessee
  • 47-2A306
  • Priority of certain liens arising by operation of law
  • 47-2A307
  • Priority of liens arising by attachment or levy on, security interests in and other claims to goods
  • 47-2A309
  • Lessor's and lessee's rights when goods become fixtures
  • 47-2A310
  • Lessor's and lessee's rights when goods become accessions
  • 47-2A311
  • Priority subject to subordination
Article 4Performance of Lease Contract Repudiated, Substituted and Excused
  • 47-2A401
  • Insecurity; adequate assurance of performance
  • 47-2A403
  • Retraction of anticipatory repudiation
  • 47-2A406
  • Procedure on excused performance
  • 47-2A407
  • Irrevocable promises; finance leases
Article 5Default
  • 47-2A503
  • Modification or impairment of rights and remedies
  • 47-2A505
  • Cancellation and termination and effect of cancellation, termination, rescission or fraud on rights and remedies
  • 47-2A507
  • Proof of market rent; time and place
  • 47-2A509
  • Lessee's rights on improper delivery; rightful rejection
  • 47-2A510
  • Installment lease contracts; rejection and default
  • 47-2A511
  • Merchant lessee's duties as to rightfully rejected goods
  • 47-2A512
  • Lessee's duties as to rightfully rejected goods
  • 47-2A513
  • Cure by lessor of improper tender or delivery; replacement
  • 47-2A516
  • Effect of acceptance of goods; notice of default; burden of establishing default after acceptance; notice of claim or litigation to person answerable over
  • 47-2A517
  • Revocation of acceptance of goods
  • 47-2A519
  • Lessee's damages for nondelivery, repudiation, default and breach of warranty in regard to accepted goods
  • 47-2A520
  • Lessee's incidental and consequential damages
  • 47-2A521
  • Lessee's right to specific performance or replevin
  • 47-2A522
  • Lessee's right to goods on lessor's insolvency
  • 47-2A524
  • Lessor's right to identify goods to lease contract
  • 47-2A525
  • Lessor's right to possession of goods
  • 47-2A526
  • Lessor's stoppage of delivery in transit or otherwise
  • 47-2A527
  • Lessor's rights to dispose of goods
  • 47-2A528
  • Lessor's damages for nonacceptance, failure to pay, repudiation or other default
  • 47-2A531
  • Standing to sue third parties for injury to goods
  • 47-2A532
  • Lessor's rights to residual interest
Chapter 3
NEGOTIABLE INSTRUMENTS
Article 1General Provisions and Definitions
  • 47-3106
  • Unconditional promise or order
  • 47-3107
  • Instrument payable in foreign money
  • 47-3108
  • Payable on demand or at definite time
  • 47-3109
  • Payable to bearer or to order
  • 47-3110
  • Identification of person to whom instrument is payable
  • 47-3114
  • Contradictory terms of instrument
  • 47-3116
  • Joint and several liability; contribution
  • 47-3117
  • Other agreements affecting instrument
  • 47-3119
  • Notice of right to defend action
Article 2Negotiation, Transfer and Indorsement
  • 47-3202
  • Negotiation subject to rescission
  • 47-3203
  • Transfer of instrument; rights acquired by transfer
  • 47-3205
  • Special indorsement; blank indorsement; anomalous indorsement
Article 3Enforcement of Instruments
  • 47-3301
  • Person entitled to enforce instrument
  • 47-3305
  • Defenses and claims in recoupment
  • 47-3307
  • Notice of breach of fiduciary duty
  • 47-3308
  • Proof of signatures and status as holder in due course
  • 47-3309
  • Enforcement of lost, destroyed or stolen instrument
  • 47-3310
  • Effect of instrument on obligation for which taken
  • 47-3311
  • Accord and satisfaction by use of instrument
  • 47-3312
  • Lost, destroyed or stolen cashier's check, teller's check or certified check
Article 4Liability of Parties
  • 47-3402
  • Signature by representative
  • 47-3404
  • Impostors; fictitious payees
  • 47-3405
  • Employer's responsibility for fraudulent indorsement by employee
  • 47-3406
  • Negligence contributing to forged signature or alteration of instrument
  • 47-3408
  • Drawee not liable on unaccepted draft
  • 47-3409
  • Acceptance of draft; certified check
  • 47-3411
  • Refusal to pay cashier's checks, teller's checks and certified checks
  • 47-3412
  • Obligation of issuer of note or cashier's check
  • 47-3418
  • Payment or acceptance by mistake
  • 47-3419
  • Instruments signed for accommodation
Article 5Dishonor
  • 47-3504
  • Excused presentment and notice of dishonor
Article 6Discharge and Payment
  • 47-3601
  • Discharge and effect of discharge
  • 47-3604
  • Discharge by cancellation or renunciation
  • 47-3605
  • Discharge of indorsers and accommodation parties
Chapter 4
BANK DEPOSITS AND COLLECTIONS
Article 1General Provisions and Definitions
  • 47-4103
  • Variation by agreement; measure of damages; action constituting ordinary care
  • 47-4104
  • Definitions and index of definitions
  • 47-4105
  • "Bank"; "depositary bank"; "payor bank"; "intermediary bank"; "collecting bank"; "presenting bank"
  • 47-4106
  • Payable through or payable at bank; collecting bank
Article 2Collection of Items; Depositary and Collecting Banks
  • 47-4201
  • Status of collecting bank as agent and provisional status of credits; applicability of chapter; item indorsed "pay any bank"
  • 47-4202
  • Responsibility for collection or return; when action timely
  • 47-4204
  • Methods of sending and presenting; sending directly to payor bank
  • 47-4205
  • Depositary bank holder of unindorsed item
  • 47-4209
  • Encoding and retention warranties
  • 47-4210
  • Security interest of collecting bank in items, accompanying documents and proceeds
  • 47-4211
  • When bank gives value for purposes of holder in due course
  • 47-4212
  • Presentment by notice of item not payable by, through or at a bank; liability of drawer or indorser
  • 47-4213
  • Medium and time of settlement by bank
  • 47-4214
  • Right of charge-back or refund; liability of collecting bank; return of item
  • 47-4215
  • Final payment of item by payor bank; when provisional debits and credits become final; when certain credits become available for withdrawal
Article 3Collection of Items; Payor Banks
  • 47-4301
  • Deferred posting; recovery of payment by return of items; time of dishonor; return of items by payor bank
  • 47-4302
  • Payor bank's responsibility for late return of item
  • 47-4303
  • When items subject to notice, stop-payment order, legal process or setoff; order in which items may be charged or certified
Article 4Relationship Between Payor Bank and Its Customer
  • 47-4401
  • When bank may charge customer's account
  • 47-4402
  • Bank's liability to customer for wrongful dishonor; time of determining insufficiency of amount
  • 47-4403
  • Customer's right to stop payment; burden of proof of loss
  • 47-4404
  • Bank not obligated to pay check more than six months old
  • 47-4405
  • Death or incompetence of customer
  • 47-4406
  • Customer's duty to discover and report unauthorized signature or alteration
  • 47-4407
  • Payor bank's right to subrogation on improper payment
Article 5Collection of Documentary Drafts
  • 47-4501
  • Handling of documentary drafts; duty to send for presentment and to notify customer of dishonor
  • 47-4502
  • Presentment of "on arrival" drafts
  • 47-4503
  • Responsibility of presenting bank for documents and goods; report of reasons for dishonor; referee in case of need
  • 47-4504
  • Privilege of presenting bank to deal with goods; security interest for expenses
Chapter 4A
FUNDS TRANSFERS
Article 1Subject Matter and Definitions
  • 47-4A107
  • Federal reserve regulations and operating circulars
  • 47-4A108
  • Relationship to electronic fund transfer act
Article 2Issue and Acceptance of Payment Order
  • 47-4A202
  • Authorized and verified payment orders
  • 47-4A203
  • Unenforceability of certain verified payment orders
  • 47-4A204
  • Refund of payment and duty of customer to report with respect to unauthorized payment order
  • 47-4A206
  • Transmission of payment order through funds-transfer or other communication system
  • 47-4A208
  • Misdescription of intermediary bank or beneficiary's bank
  • 47-4A211
  • Cancellation and amendment of payment order
  • 47-4A212
  • Liability and duty of receiving bank regarding unaccepted payment order
Article 3Execution of Sender's Payment Order by Receiving Bank
  • 47-4A302
  • Obligations of receiving bank in execution of payment order
  • 47-4A303
  • Erroneous execution of payment order
  • 47-4A304
  • Duty of sender to report erroneously executed payment order
  • 47-4A305
  • Liability for late or improper execution or failure to execute payment order
Article 4Payment
  • 47-4A402
  • Obligation of sender to pay receiving bank
  • 47-4A403
  • Payment by sender to receiving bank
  • 47-4A404
  • Obligation of beneficiary's bank to pay and give notice to beneficiary
  • 47-4A405
  • Payment by beneficiary's bank to beneficiary
  • 47-4A406
  • Payment by originator to beneficiary; discharge of underlying obligation
Article 5Miscellaneous Provisions
  • 47-4A501
  • Variation by agreement and effect of funds-transfer system rule
  • 47-4A502
  • Creditor process served on receiving bank; setoff by beneficiary's bank
  • 47-4A503
  • Injunction or restraining order with respect to funds transfer
  • 47-4A504
  • Order in which items and payment orders may be charged to account; order of withdrawals from account
  • 47-4A505
  • Preclusion of objection to debit of customer's account
Chapter 5
LETTERS OF CREDIT
  • 47-5106
  • Issuance; amendment; cancellation; duration
  • 47-5107
  • Confirmer; nominated person
  • 47-5108
  • Issuer's rights and obligations
  • 47-5112
  • Transfer of letter of credit
  • 47-5113
  • Transfer by operation of law
  • 47-5117
  • Subrogation of issuer, applicant and nominated person
  • 47-5118
  • Security interest of issuer or nominated person
Chapter 7
DOCUMENTS OF TITLE
Article 1General
  • 47-7102
  • Definitions and index of definitions
  • 47-7103
  • Relation of chapter to treaty or statute
  • 47-7104
  • Negotiable and nonnegotiable document of title
  • 47-7105
  • Reissuance in alternative medium
  • 47-7106
  • Control of electronic document of title
Article 2Warehouse Receipts: Special Provisions
  • 47-7201
  • Person that may issue a warehouse receipt; storage under bond
  • 47-7202
  • Form of warehouse receipt; effect of omission
  • 47-7203
  • Liability for nonreceipt or misdescription
  • 47-7204
  • Duty of care; contractual limitation of warehouse's liability
  • 47-7205
  • Title under warehouse receipt defeated in certain cases
  • 47-7206
  • Termination of storage at warehouse's option
  • 47-7207
  • Goods must be kept separate; fungible
  • 47-7210
  • Enforcement of warehouse's liens
Article 3Bills of Lading: Special Provisions
  • 47-7301
  • Liability for nonreceipt or misdescription; "said to contain"; "shipper's weight, load and count"; improper handling
  • 47-7302
  • Through bills of lading and similar documents of title
  • 47-7303
  • Diversion; reconsignment; change of instructions
  • 47-7304
  • Tangible bills of lading in a set
  • 47-7308
  • Enforcement of carrier's lien
  • 47-7309
  • Duty of care; contractual limitation of carrier's liability
Article 4Warehouse Receipts and Bills of Lading: General Obligations
  • 47-7401
  • Irregularities in issue of receipt or bill or conduct of issuer
  • 47-7402
  • Duplicate document of title; overissue
  • 47-7403
  • Obligation of bailee to deliver; excuse
  • 47-7404
  • No liability for good faith delivery pursuant to document of title
Article 5Warehouse Receipts and Bills of Lading: Negotiation and Transfer
  • 47-7501
  • Form of negotiation and requirements of due negotiation
  • 47-7502
  • Rights acquired by due negotiation
  • 47-7503
  • Document of title to goods defeated in certain cases
  • 47-7504
  • Rights acquired in absence of due negotiation; effect of diversion; stoppage of delivery
  • 47-7505
  • Indorser not guarantor for other parties
  • 47-7506
  • Delivery without indorsement; right to compel indorsement
  • 47-7507
  • Warranties on negotiation or delivery of document of title
  • 47-7508
  • Warranties of collecting bank as to documents of title
  • 47-7509
  • Adequate compliance with commercial contract
Article 6Warehouse Receipts and Bills of Lading: Miscellaneous Provisions
  • 47-7601
  • Lost, stolen or destroyed documents of title
  • 47-7602
  • Judicial process against goods covered by negotiable document of title
  • 47-7603
  • Conflicting claims; interpleader
Article 7Miscellaneous Provisions
Chapter 8
INVESTMENT SECURITIES
Article 1Short Title and General Matters
  • 47-8103
  • Rules for determining whether certain obligations and interests as securities or financial assets
  • 47-8104
  • Acquisition of security or financial asset or interest therein
  • 47-8107
  • Whether indorsement, instruction or entitlement order is effective
  • 47-8108
  • Warranties in direct holding
  • 47-8109
  • Warranties in indirect holding
  • 47-8110
  • Applicability; choice of law
  • 47-8113
  • Statute of frauds inapplicable
  • 47-8114
  • Evidentiary rules concerning certificated securities
  • 47-8115
  • Securities intermediary and others not liable to adverse claimant
  • 47-8116
  • Securities intermediary as purchaser for value
Article 2Issue and Issuer
  • 47-8202
  • Issuer's responsibility and defenses; notice of defect or defense
  • 47-8203
  • Staleness as notice of defect or defense
  • 47-8204
  • Effect of issuer's restriction on transfer
  • 47-8205
  • Effect of unauthorized signature on security certificate
  • 47-8206
  • Completion or alteration of security certificate
  • 47-8207
  • Rights and duties of issuer with respect to registered owners
  • 47-8208
  • Effect of signature of authenticating trustee, registrar or transfer agent
Article 3Transfer of Certificated and Uncertificated Securities
  • 47-8306
  • Effect of guaranteeing signature, indorsement or instruction
  • 47-8307
  • Purchaser's right to requisites for registration of transfer
Article 4Registration
  • 47-8401
  • Duty of issuer to register transfer
  • 47-8402
  • Assurance that indorsement or instruction is effective; definitions
  • 47-8403
  • Demand that issuer not register transfer
  • 47-8405
  • Replacement of lost, destroyed or wrongfully taken security certificate
  • 47-8406
  • Obligation to notify issuer of lost, destroyed or wrongfully taken security certificate
  • 47-8407
  • Authenticating trustee, transfer agent and registrar
Article 5Security Entitlements
  • 47-8501
  • Securities account; acquisition of security entitlement from securities intermediary
  • 47-8502
  • Assertion of adverse claim against entitlement holder
  • 47-8503
  • Property interest of entitlement holder in financial asset held by securities intermediary
  • 47-8504
  • Duty of securities intermediary to maintain financial asset
  • 47-8505
  • Duty of securities intermediary with respect to payments and distributions
  • 47-8506
  • Duty of securities intermediary to exercise rights as directed by entitlement holder
  • 47-8507
  • Duty of securities intermediary to comply with entitlement order
  • 47-8508
  • Duty of securities intermediary to change entitlement holder's position to other form of security holding
  • 47-8509
  • Specification of duties of securities intermediary by other statute or regulation; manner of performance of duties of securities intermediary and exercise of rights of entitlement holder
  • 47-8510
  • Rights of purchaser of security entitlement from entitlement holder
  • 47-8511
  • Priority among security interests and entitlement holders
Chapter 9
SECURED TRANSACTIONS
Article 1General Provisions
  • 47-9102
  • Definitions and index of definitions
  • 47-9103
  • Purchase money security interest; application of payments; burden of establishing
  • 47-9105
  • Control of electronic chattel paper
  • 47-9106
  • Control of investment property
  • 47-9107
  • Control of letter-of-credit right
  • 47-9110
  • Security interests arising under sales and leases
Article 2Effectiveness of Security Agreement, Attachment of Security Interest and Rights of Parties to Security Agreement
  • 47-9201
  • General effectiveness of security agreement
  • 47-9202
  • Title to collateral immaterial
  • 47-9203
  • Attachment and enforceability of security interest; proceeds; supporting obligations; formal requisites
  • 47-9204
  • After-acquired property; future advances
  • 47-9205
  • Use or disposition of collateral permissible
  • 47-9206
  • Security interest arising in purchase or delivery of financial asset
  • 47-9207
  • Rights and duties of secured party having possession or control of collateral
  • 47-9208
  • Additional duties of secured party having control of collateral
  • 47-9209
  • Duties of secured party if account debtor has been notified of assignment
  • 47-9210
  • Request for accounting; request regarding list of collateral or statement of account
Article 3Perfection and Priority
  • 47-9301
  • Law governing perfection and priority of security interests
  • 47-9302
  • Law governing perfection and priority of agricultural liens
  • 47-9303
  • Law governing perfection and priority of security interests in goods covered by a certificate of title
  • 47-9304
  • Law governing perfection and priority of security interests in deposit accounts
  • 47-9305
  • Law governing perfection and priority of security interests in investment property
  • 47-9306
  • Law governing perfection and priority of security interests in letter-of-credit rights
  • 47-9307
  • Location of debtor; definition
  • 47-9308
  • When security interest or agricultural lien is perfected; continuity of perfection
  • 47-9309
  • Security interest perfected on attachment
  • 47-9310
  • When filing required to perfect security interest or agricultural lien; security interests and agricultural liens to which filing provisions do not apply
  • 47-9311
  • Perfection of security interests in property subject to certain statutes, regulations and treaties
  • 47-9312
  • Perfection of security interests in chattel paper, deposit accounts, documents, goods covered by documents, instruments, investment property, letter-of-credit rights and money; perfection by permissive filing; temporary perfection without filing or transfer of possession
  • 47-9313
  • When possession by or delivery to secured party perfects security interest without filing
  • 47-9315
  • Secured party's rights on disposition of collateral and in proceeds
  • 47-9316
  • Continued perfection of security interest following change in governing law
  • 47-9317
  • Interests that take priority over or take free of security interest or agricultural lien
  • 47-9318
  • No interest retained in right to payment that is sold; rights and title of seller of account or chattel paper with respect to creditors and purchasers
  • 47-9319
  • Rights and title of consignee with respect to creditors and purchasers
  • 47-9321
  • Licensee of general intangible and lessee of goods in ordinary course of business
  • 47-9322
  • Priorities among conflicting security interests in and agricultural liens on same collateral
  • 47-9324
  • Priority of purchase money security interests
  • 47-9325
  • Priority of security interests in transferred collateral
  • 47-9326
  • Priority of security interests created by new debtor
  • 47-9327
  • Priority of security interests in deposit account
  • 47-9328
  • Priority of security interests in investment property
  • 47-9329
  • Priority of security interests in letter-of-credit right
  • 47-9330
  • Priority of purchaser of chattel paper or instrument
  • 47-9331
  • Priority of rights of purchasers of instruments, documents and securities under other chapters; priority of interests in financial assets and security entitlements under chapter 8 of this title
  • 47-9332
  • Transfer of money; transfer of funds from deposit account
  • 47-9333
  • Priority of certain liens arising by operation of law
  • 47-9334
  • Priority of security interests in fixtures and crops
  • 47-9337
  • Priority of security interests in goods covered by certificate of title
  • 47-9338
  • Priority of security interest or agricultural lien perfected by filed financing statement providing certain incorrect information
  • 47-9339
  • Priority subject to subordination
  • 47-9340
  • Effectiveness of right of recoupment or setoff against deposit account
  • 47-9341
  • Bank's rights and duties with respect to deposit account
  • 47-9342
  • Bank's right to refuse to enter into or disclose existence of control agreement
Article 4Rights of Third Parties
  • 47-9401
  • Alienability of debtor's rights
  • 47-9402
  • Secured party not obligated on contract of debtor or in tort
  • 47-9403
  • Agreement not to assert defenses against assignee
  • 47-9404
  • Rights acquired by assignee; claims and defenses against assignee
  • 47-9405
  • Modification of assigned contract
  • 47-9406
  • Discharge of account debtor; notification of assignment; identification and proof of assignment; restrictions on assignment of accounts, chattel paper, payment intangibles and promissory notes ineffective
  • 47-9407
  • Restrictions on creation or enforcement of security interest in leasehold interest or in lessor's residual interest
  • 47-9408
  • Restrictions on assignment of promissory notes, health-care-insurance receivables and certain general intangibles ineffective
  • 47-9409
  • Restrictions on assignment of letter-of-credit rights ineffective
Article 5Filing
  • 47-9502
  • Contents of financing statement; record of mortgage as financing statement; time of filing financing statement
  • 47-9503
  • Name of debtor and secured party; definition
  • 47-9505
  • Filing and compliance with other statutes and treaties for consignments, leases, other bailments and other transactions
  • 47-9506
  • Effect of errors or omissions
  • 47-9507
  • Effect of certain events on effectiveness of financing statement
  • 47-9508
  • Effectiveness of financing statement if new debtor becomes bound by security agreement
  • 47-9509
  • Persons entitled to file a record
  • 47-9510
  • Effectiveness of filed record
  • 47-9512
  • Amendment of financing statement
  • 47-9514
  • Assignment of powers of secured party of record
  • 47-9515
  • Duration and effectiveness of financing statement; effect of lapsed financing statement
  • 47-9516
  • What constitutes filing; effectiveness of filing
  • 47-9518
  • Claim concerning inaccurate or wrongfully filed record
  • 47-9519
  • Numbering, maintaining and indexing records; communicating information provided in records
  • 47-9520
  • Acceptance and refusal to accept record
  • 47-9521
  • Uniform form of written financing statement and amendment
  • 47-9522
  • Maintenance and destruction of records
  • 47-9523
  • Information from filing office; sale or license of records
  • 47-9527
  • Unauthorized records; material misstatements; false claims; liability; special action; damages; violation; classification
Article 6Default
  • 47-9601
  • Rights after default; judicial enforcement; consignor or buyer of accounts, chattel paper, payment intangibles or promissory notes
  • 47-9602
  • Waiver and variance of rights and duties
  • 47-9603
  • Agreement on standards concerning rights and duties
  • 47-9604
  • Procedure if security agreement covers real property or fixtures
  • 47-9605
  • Unknown debtor or secondary obligor
  • 47-9606
  • Time of default for agricultural lien
  • 47-9607
  • Collection and enforcement by secured party
  • 47-9608
  • Application of proceeds of collection or enforcement; liability for deficiency and right to surplus
  • 47-9609
  • Secured party's right to take possession after default
  • 47-9610
  • Disposition of collateral after default
  • 47-9611
  • Notification before disposition of collateral
  • 47-9612
  • Timeliness of notification before disposition of collateral
  • 47-9613
  • Contents and form of notification before disposition of collateral; general
  • 47-9614
  • Contents and form of notification before disposition of collateral: consumer goods transaction
  • 47-9615
  • Application of proceeds of disposition; liability for deficiency and right to surplus
  • 47-9616
  • Explanation of calculation of surplus or deficiency; definitions
  • 47-9617
  • Rights of transferee of collateral
  • 47-9618
  • Rights and duties of certain secondary obligors
  • 47-9619
  • Transfer of record or legal title; definition
  • 47-9620
  • Acceptance of collateral in full or partial satisfaction of obligation; compulsory disposition of collateral
  • 47-9621
  • Notification of proposal to accept collateral
  • 47-9622
  • Effect of acceptance of collateral
  • 47-9625
  • Remedies for secured party's failure to comply with chapter
  • 47-9626
  • Action in which deficiency or surplus is in issue
  • 47-9627
  • Determination of whether conduct was commercially reasonable
  • 47-9628
  • Nonliability and limitation on liability of secured party; liability of secondary obligor
Article 72001 Transition
  • 47-9703
  • Security interest perfected before effective date
  • 47-9704
  • Security interest unperfected before effective date
  • 47-9705
  • Effectiveness of action taken before effective date
  • 47-9706
  • When initial financing statement suffices as continuation statement
  • 47-9707
  • Amendment of pre-effective-date financing statement; definition
  • 47-9708
  • Persons entitled to file initial financing statement or continuation statement
Article 82014 Transition
  • 47-9802
  • Security interest perfected before effective date
  • 47-9803
  • Security interest unperfected before effective date
  • 47-9804
  • Effectiveness of action taken before effective date
  • 47-9805
  • When initial financing statement suffices to continue effectiveness of financing statement
  • 47-9806
  • Amendment of pre-effective date financing statement; definition
  • 47-9807
  • Person entitled to file initial financing statement or continuation statement
Chapter 10
MISCELLANEOUS