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UNIFORM COMMERCIAL CODE
Law
Iowa Code
COMMERCE
UNIFORM COMMERCIAL CODE
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Section
554.1101
Short titles.
Section
554.1102
Scope of Article.
Section
554.1103
Construction of this chapter to promote its purposes and policies — applicability of supplemental principles of law.
Section
554.1104
Construction against implied repeal.
Section
554.1105
Severability.
Section
554.1106
Use of singular and plural — gender.
Section
554.1107
Section captions.
Section
554.1108
Relation to Electronic Signatures in Global and National Commerce Act.
Section
554.1109
Reserved.
Section
554.1110
Rules for filing and indexing.
Section
554.1201
General definitions.
Section
554.1202
Notice — knowledge.
Section
554.1203
Lease distinguished from security interest.
Section
554.1204
Value.
Section
554.1205
Reasonable time — seasonableness.
Section
554.1206
Presumptions.
Section
554.1301
Territorial applicability — parties’ power to choose applicable law.
Section
554.1302
Variation by agreement.
Section
554.1303
Course of performance, course of dealing, and usage of trade.
Section
554.1304
Obligation of good faith.
Section
554.1305
Remedies to be liberally administered.
Section
554.1306
Waiver or renunciation of claim or right after breach.
Section
554.1307
Prima facie evidence by third-party documents.
Section
554.1308
Performance or acceptance under reservation of rights.
Section
554.1309
Option to accelerate at will.
Section
554.1310
Subordinated obligations.
Section
554.2101
Short title.
Section
554.2102
Scope — certain security and other transactions excluded from this Article.
Section
554.2103
Definitions and index of definitions.
Section
554.2104
Definitions:“merchant” — “between merchants” — “financing agency”.
Section
554.2105
Definitions:transferability — “goods” — “future” goods — “lot” — “commercial unit”.
Section
554.2106
Definitions:“contract” — “agreement” — “contract for sale” — “sale” — “present sale” — “conforming” to contract — “termination” — “cancellation”.
Section
554.2107
Goods to be severed from realty:recording.
Section
554.2201
Formal requirements — statute of frauds.
Section
554.2202
Final written expression — parol or extrinsic evidence.
Section
554.2203
Seals inoperative.
Section
554.2204
Formation in general.
Section
554.2205
Firm offers.
Section
554.2206
Offer and acceptance in formation of contract.
Section
554.2207
Additional terms in acceptance or confirmation.
Section
554.2208
Course of performance or practical construction.
Section
554.2209
Modification, rescission and waiver.
Section
554.2210
Delegation of performance — assignment of rights.
Section
554.2301
General obligations of parties.
Section
554.2302
Unconscionable contract or clause.
Section
554.2303
Allocation or division of risks.
Section
554.2304
Price payable in money, goods, realty, or otherwise.
Section
554.2305
Open price term.
Section
554.2306
Output, requirements and exclusive dealings.
Section
554.2307
Delivery in single lot or several lots.
Section
554.2308
Absence of specified place for delivery.
Section
554.2309
Absence of specific time provisions — notice of termination.
Section
554.2310
Open time for payment or running of credit — authority to ship under reservation.
Section
554.2311
Options and cooperation respecting performance.
Section
554.2312
Warranty of title and against infringement — buyer’s obligation against infringement.
Section
554.2313
Express warranties by affirmation, promise, description, sample.
Section
554.2314
Implied warranty:merchantability — usage of trade.
Section
554.2315
Implied warranty — fitness for particular purpose.
Section
554.2316
Exclusion or modification of warranties.
Section
554.2317
Cumulation and conflict of warranties express or implied.
Section
554.2318
Third party beneficiaries of warranties express or implied.
Section
554.2319
F.O.B. and F.A.S. terms.
Section
554.2320
C.I.F. and C. & F. terms.
Section
554.2321
C.I.F. or C. & F. — “net landed weights” — “payment on arrival” — warranty of condition on arrival.
Section
554.2322
Delivery “ex-ship”.
Section
554.2323
Form of bill of lading required in overseas shipment — “overseas”.
Section
554.2324
“No arrival, no sale” term.
Section
554.2325
“Letter of credit” term — “confirmed credit”.
Section
554.2326
Sale on approval and sale or return — rights of creditors.
Section
554.2327
Special incidents of sale on approval and sale or return.
Section
554.2328
Sale by auction.
Section
554.2401
Passing of title — reservation for security — limited application of this section.
Section
554.2402
Rights of seller’s creditors against sold goods.
Section
554.2403
Power to transfer — good faith purchase of goods — “entrusting”.
Section
554.2501
Insurable interest in goods — manner of identification of goods.
Section
554.2502
Buyer’s right to goods on seller’s repudiation, failure to deliver, or insolvency.
Section
554.2503
Manner of seller’s tender of delivery.
Section
554.2504
Shipment by seller.
Section
554.2505
Seller’s shipment under reservation.
Section
554.2506
Rights of financing agency.
Section
554.2507
Effect of seller’s tender — delivery on condition.
Section
554.2508
Cure by seller of improper tender or delivery — replacement.
Section
554.2509
Risk of loss in the absence of breach.
Section
554.2510
Effect of breach on risk of loss.
Section
554.2511
Tender of payment by buyer — payment by check.
Section
554.2512
Payment by buyer before inspection.
Section
554.2513
Buyer’s right to inspection of goods.
Section
554.2514
When documents deliverable on acceptance — when on payment.
Section
554.2515
Preserving evidence of goods in dispute.
Section
554.2601
Buyer’s rights on improper delivery.
Section
554.2602
Manner and effect of rightful rejection.
Section
554.2603
Merchant buyer’s duties as to rightfully rejected goods.
Section
554.2604
Buyer’s options as to salvage of rightfully rejected goods.
Section
554.2605
Waiver of buyer’s objections by failure to particularize.
Section
554.2606
What constitutes acceptance of goods.
Section
554.2607
Effect of acceptance — notice of breach — burden of establishing breach after acceptance — notice of claim or litigation to person answerable over.
Section
554.2608
Revocation of acceptance in whole or in part.
Section
554.2609
Right to adequate assurance of performance.
Section
554.2610
Anticipatory repudiation.
Section
554.2611
Retraction of anticipatory repudiation.
Section
554.2612
“Installment contract” — breach.
Section
554.2613
Casualty to identified goods.
Section
554.2614
Substituted performance.
Section
554.2615
Excuse by failure of presupposed conditions.
Section
554.2616
Procedure on notice claiming excuse.
Section
554.2701
Remedies for breach of collateral contracts not impaired.
Section
554.2702
Seller’s remedies on discovery of buyer’s insolvency.
Section
554.2703
Seller’s remedies in general.
Section
554.2704
Seller’s right to identify goods to the contract notwithstanding breach or to salvage unfinished goods.
Section
554.2705
Seller’s stoppage of delivery in transit or otherwise.
Section
554.2706
Seller’s resale including contract for resale.
Section
554.2707
“Person in the position of a seller”.
Section
554.2708
Seller’s damages for nonacceptance or repudiation.
Section
554.2709
Action for the price.
Section
554.2710
Seller’s incidental damages.
Section
554.2711
Buyer’s remedies in general — buyer’s security interest in rejected goods.
Section
554.2712
“Cover” — buyer’s procurement of substitute goods.
Section
554.2713
Buyer’s damages for nondelivery or repudiation.
Section
554.2714
Buyer’s damages for breach in regard to accepted goods.
Section
554.2715
Buyer’s incidental and consequential damages.
Section
554.2716
Buyer’s right to specific performance or replevin.
Section
554.2717
Deduction of damages from the price.
Section
554.2718
Liquidation or limitation of damages — deposits.
Section
554.2719
Contractual modification or limitation of remedy.
Section
554.2720
Effect of “cancellation” or “rescission” on claims for antecedent breach.
Section
554.2721
Remedies for fraud.
Section
554.2722
Who can sue third parties for injury to goods.
Section
554.2723
Proof of market price — time and place.
Section
554.2724
Admissibility of market quotations.
Section
554.2725
Statute of limitations in contracts for sale.
Section
554.3101
Short title.
Section
554.3102
Subject matter.
Section
554.3103
Definitions.
Section
554.3104
Negotiable instrument.
Section
554.3105
Issue of instrument.
Section
554.3106
Unconditional promise or order.
Section
554.3107
Instrument payable in foreign money.
Section
554.3108
Payable on demand or at definite time.
Section
554.3109
Payable to bearer or to order.
Section
554.3110
Identification of person to whom instrument is payable.
Section
554.3111
Place of payment.
Section
554.3112
Interest.
Section
554.3113
Date of instrument.
Section
554.3114
Contradictory terms of instrument.
Section
554.3115
Incomplete instrument.
Section
554.3116
Joint and several liability — contribution.
Section
554.3117
Other agreements affecting instrument.
Section
554.3118
Accrual of cause of action.
Section
554.3119
Notice of right to defend action.
Section
554.3120
Instruments “payable through” bank.
Section
554.3121
Instruments payable at bank.
Section
554.3122
Accrual of cause of action.
Section
554.3201
Negotiation.
Section
554.3202
Negotiation subject to rescission.
Section
554.3203
Transfer of instrument — rights acquired by transfer.
Section
554.3204
Endorsement.
Section
554.3205
Special endorsement — blank endorsement — anomalous endorsement.
Section
554.3206
Restrictive endorsement.
Section
554.3207
Reacquisition.
Section
554.3208
Reacquisition.
Section
554.3301
Person entitled to enforce instrument.
Section
554.3302
Holder in due course.
Section
554.3303
Value and consideration.
Section
554.3304
Overdue instrument.
Section
554.3305
Defenses and claims in recoupment.
Section
554.3306
Claims to an instrument.
Section
554.3307
Notice of breach of fiduciary duty.
Section
554.3308
Proof of signatures and status as holder in due course.
Section
554.3309
Enforcement of lost, destroyed, or stolen instrument.
Section
554.3310
Effect of instrument on obligation for which taken.
Section
554.3311
Accord and satisfaction by use of instrument.
Section
554.3312
Lost, destroyed, or stolen cashier’s check, teller’s check, or certified check.
Section
554.3401
Signature.
Section
554.3402
Signature by representative.
Section
554.3403
Unauthorized signature.
Section
554.3404
Impostors — fictitious payees.
Section
554.3405
Employer’s responsibility for fraudulent endorsement by employee.
Section
554.3406
Negligence contributing to forged signature or alteration of instrument.
Section
554.3407
Alteration.
Section
554.3408
Drawee not liable on unaccepted draft.
Section
554.3409
Acceptance of draft — certified check.
Section
554.3410
Acceptance varying draft.
Section
554.3411
Refusal to pay cashier’s checks, teller’s checks, and certified checks.
Section
554.3412
Obligation of issuer of note or cashier’s check.
Section
554.3413
Obligation of acceptor.
Section
554.3414
Obligation of drawer.
Section
554.3415
Obligation of endorser.
Section
554.3416
Transfer warranties.
Section
554.3417
Presentment warranties.
Section
554.3418
Payment or acceptance by mistake.
Section
554.3419
Instruments signed for accommodation.
Section
554.3420
Conversion of instrument.
Section
554.3501
Presentment.
Section
554.3502
Dishonor.
Section
554.3503
Notice of dishonor.
Section
554.3504
Excused presentment and notice of dishonor.
Section
554.3505
Evidence of dishonor.
Section
554.3506
Time allowed for acceptance or payment.
Section
554.3507
Dishonor — holder’s right of recourse — term allowing re-presentment.
Section
554.3508
Notice of dishonor.
Section
554.3509
Protest — noting for protest.
Section
554.3510
Evidence of dishonor and notice of dishonor.
Section
554.3511
Waived or excused presentment, protest or notice of dishonor or delay therein.
Section
554.3512
Holder’s recourse for dishonor.
Section
554.3513
Civil remedy for dishonor.
Section
554.3601
Discharge and effect of discharge.
Section
554.3602
Payment.
Section
554.3603
Tender of payment.
Section
554.3604
Discharge by cancellation or renunciation.
Section
554.3605
Discharge of endorsers and accommodation parties.
Section
554.3606
Section 554.3606
Section
554.3701
Section 554.3701
Section
554.3801
Section 554.3801
Section
554.3802
Effect of instrument on obligation for which it is given.
Section
554.3803
Notice to third party.
Section
554.3804
Lost, destroyed or stolen instruments.
Section
554.3805
Instruments not payable to order or to bearer.
Section
554.3806
Civil remedy for dishonor of a check, draft or order.
Section
554.4101
Short title.
Section
554.4102
Applicability.
Section
554.4103
Variation by agreement — measure of damages — action constituting ordinary care.
Section
554.4104
Definitions and index of definitions.
Section
554.4105
“Bank” — “depositary bank” — “intermediary bank” — “collecting bank” — “payor bank” — “presenting bank”.
Section
554.4106
Payable through or payable at bank — collecting bank.
Section
554.4107
Separate office of a bank.
Section
554.4108
Time of receipt of items.
Section
554.4109
Delays.
Section
554.4110
Electronic presentment.
Section
554.4111
Statute of limitations.
Section
554.4201
Status of collecting bank as agent and provisional status of credits — applicability of Article — item endorsed “pay any bank”.
Section
554.4202
Responsibility for collection or return — when action timely.
Section
554.4203
Effect of instructions.
Section
554.4204
Methods of sending and presenting — sending directly to payor bank.
Section
554.4205
Depositary bank holder of unendorsed item.
Section
554.4206
Transfer between banks.
Section
554.4207
Transfer warranties.
Section
554.4208
Presentment warranties.
Section
554.4209
Encoding and retention warranties.
Section
554.4210
Security interest of collecting bank in items, accompanying documents and proceeds.
Section
554.4211
When bank gives value for purposes of holder in due course.
Section
554.4212
Presentment by notice of item not payable by, through, or at a bank; liability of drawer or endorser.
Section
554.4213
Medium and time of settlement by bank.
Section
554.4214
Right of charge-back or refund — liability of collecting bank — return of item.
Section
554.4215
Final payment of item by payor bank — when provisional debits and credits become final — when certain credits become available for withdrawal.
Section
554.4216
Insolvency and preference.
Section
554.4301
Deferred posting — recovery of payment by return of items — time of dishonor — return of items by payor bank.
Section
554.4302
Payor bank’s responsibility for late return of item.
Section
554.4303
When items subject to notice, stop-payment order, legal process, or setoff — order in which items may be charged or certified.
Section
554.4401
When bank may charge customer’s account.
Section
554.4402
Bank’s liability to customer for wrongful dishonor — time of determining insufficiency of account.
Section
554.4403
Customer’s right to stop payment — burden of proof of loss.
Section
554.4404
Bank not obligated to pay check more than six months old.
Section
554.4405
Death or incompetence of customer.
Section
554.4406
Customer’s duty to discover and report unauthorized signature or alteration.
Section
554.4407
Payor bank’s right to subrogation on improper payment.
Section
554.4501
Handling of documentary drafts — duty to send for presentment and to notify customer of dishonor.
Section
554.4502
Presentment of “on arrival” drafts.
Section
554.4503
Responsibility of presenting bank for documents and goods — report of reasons for dishonor — referee in case of need.
Section
554.4504
Privilege of presenting bank to deal with goods — security interest for expenses.
Section
554.5101
Short title.
Section
554.5102
Definitions.
Section
554.5103
Scope.
Section
554.5104
Formal requirements.
Section
554.5105
Consideration.
Section
554.5106
Issuance, amendment, cancellation, and duration.
Section
554.5107
Confirmer, nominated person, and adviser.
Section
554.5108
Issuer’s rights and obligations.
Section
554.5109
Fraud and forgery.
Section
554.5110
Warranties.
Section
554.5111
Remedies.
Section
554.5112
Transfer of letter of credit.
Section
554.5113
Transfer by operation of law.
Section
554.5114
Assignment of proceeds.
Section
554.5115
Statute of limitations.
Section
554.5116
Choice of law and forum.
Section
554.5117
Subrogation of issuer, applicant, and nominated person.
Section
554.5118
Security interest of issuer or nominated person.
Section
554.7101
Short title.
Section
554.7102
Definitions and index of definitions.
Section
554.7103
Relation of Article to treaty or statute.
Section
554.7104
Negotiable and nonnegotiable document of title.
Section
554.7105
Reissuance in alternative medium.
Section
554.7106
Control of electronic document of title.
Section
554.7201
Person that may issue a warehouse receipt — storage under bond.
Section
554.7202
Form of warehouse receipt — effect of omission.
Section
554.7203
Liability for nonreceipt or misdescription.
Section
554.7204
Duty of care — contractual limitation of warehouse’s liability.
Section
554.7205
Title under warehouse receipt defeated in certain cases.
Section
554.7206
Termination of storage at warehouse’s option.
Section
554.7207
Goods must be kept separate — fungible goods.
Section
554.7208
Altered warehouse receipts.
Section
554.7209
Lien of warehouse.
Section
554.7210
Enforcement of warehouse’s lien.
Section
554.7301
Liability for nonreceipt or misdescription — “said to contain” — “shipper’s weight, load, and count” — improper handling.
Section
554.7302
Through bills of lading and similar documents of title.
Section
554.7303
Diversion — reconsignment — change of instructions.
Section
554.7304
Tangible bills of lading in a set.
Section
554.7305
Destination bills.
Section
554.7306
Altered bills of lading.
Section
554.7307
Lien of carrier.
Section
554.7308
Enforcement of carrier’s lien.
Section
554.7309
Duty of care — contractual limitation of carrier’s liability.
Section
554.7401
Irregularities in issue of receipt or bill or conduct of issuer.
Section
554.7402
Duplicate document of title — overissue.
Section
554.7403
Obligation of bailee to deliver — excuse.
Section
554.7404
No liability for good-faith delivery pursuant to document of title.
Section
554.7501
Form of negotiation and requirements of due negotiation.
Section
554.7502
Rights acquired by due negotiation.
Section
554.7503
Document of title to goods defeated in certain cases.
Section
554.7504
Rights acquired in absence of due negotiation — effect of diversion — stoppage of delivery.
Section
554.7505
Indorser not guarantor for other parties.
Section
554.7506
Delivery without indorsement — right to compel indorsement.
Section
554.7507
Warranties on negotiation or delivery of document of title.
Section
554.7508
Warranties of collecting bank as to documents of title.
Section
554.7509
Adequate compliance with commercial contract.
Section
554.7601
Lost, stolen, or destroyed documents of title.
Section
554.7601A
Lost, stolen, or destroyed documents — additional requirements.
Section
554.7602
Judicial process against goods covered by negotiable document of title.
Section
554.7603
Conflicting claims — interpleader.
Section
554.8101
Short title.
Section
554.8102
Definitions.
Section
554.8103
Rules for determining whether certain obligations and interests are securities or financial assets.
Section
554.8104
Acquisition of security or financial asset or interest therein.
Section
554.8105
Notice of adverse claim.
Section
554.8106
Control.
Section
554.8107
Whether indorsement, instruction, or entitlement order is effective.
Section
554.8108
Warranties in direct holding.
Section
554.8109
Warranties in indirect holding.
Section
554.8110
Applicability — choice of law.
Section
554.8111
Clearing corporation rules.
Section
554.8112
Creditor’s legal process.
Section
554.8113
Statute of frauds inapplicable.
Section
554.8114
Evidentiary rules concerning certificated securities.
Section
554.8115
Securities intermediary and others not liable to adverse claimant.
Section
554.8116
Securities intermediary as purchaser for value.
Section
554.8201
Issuer.
Section
554.8202
Issuer’s responsibility and defenses — notice of defect or defense.
Section
554.8203
Staleness as notice of defect or defense.
Section
554.8204
Effect of issuer’s restriction on transfer.
Section
554.8205
Effect of unauthorized signature on security certificate.
Section
554.8206
Completion or alteration of security certificate.
Section
554.8207
Rights and duties of issuer with respect to registered owners.
Section
554.8208
Effect of signature of authenticating trustee, registrar, or transfer agent.
Section
554.8209
Issuer’s lien.
Section
554.8210
Overissue.
Section
554.8301
Delivery.
Section
554.8302
Rights of purchaser.
Section
554.8303
Protected purchaser.
Section
554.8304
Indorsement.
Section
554.8305
Instruction.
Section
554.8306
Effect of guaranteeing signature, indorsement, or instruction.
Section
554.8307
Purchaser’s right to requisites for registration of transfer.
Section
554.8308
Section 554.8308
Section
554.8309
Section 554.8309
Section
554.8310
Section 554.8310
Section
554.8311
Section 554.8311
Section
554.8312
Section 554.8312
Section
554.8313
Section 554.8313
Section
554.8314
Section 554.8314
Section
554.8315
Section 554.8315
Section
554.8316
Section 554.8316
Section
554.8317
Section 554.8317
Section
554.8318
Section 554.8318
Section
554.8319
Section 554.8319
Section
554.8320
Section 554.8320
Section
554.8321
Section 554.8321
Section
554.8401
Duty of issuer to register transfer.
Section
554.8402
Assurance that indorsement or instruction is effective.
Section
554.8403
Demand that issuer not register transfer.
Section
554.8404
Wrongful registration.
Section
554.8405
Replacement of lost, destroyed, or wrongfully taken security certificate.
Section
554.8406
Obligation to notify issuer of lost, destroyed, or wrongfully taken security certificate.
Section
554.8407
Authenticating trustee, transfer agent, and registrar.
Section
554.8408
Statements of uncertificated securities.
Section
554.8501
Securities account — acquisition of security entitlement from securities intermediary.
Section
554.8502
Assertion of adverse claim against entitlement holder.
Section
554.8503
Property interest of entitlement holder in financial asset held by securities intermediary.
Section
554.8504
Duty of securities intermediary to maintain financial asset.
Section
554.8505
Duty of securities intermediary with respect to payments and distributions.
Section
554.8506
Duty of securities intermediary to exercise rights as directed by entitlement holder.
Section
554.8507
Duty of securities intermediary to comply with entitlement order.
Section
554.8508
Duty of securities intermediary to change entitlement holder’s position to other form of security holding.
Section
554.8509
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.
Section
554.8510
Rights of purchaser of security entitlement from entitlement holder.
Section
554.8511
Priority among security interests and entitlement holders.
Section
554.9101
Short title.
Section
554.9102
Definitions and index of definitions.
Section
554.9103
Purchase-money security interest — application of payments — burden of establishing.
Section
554.9104
Control of deposit account.
Section
554.9105
Control of electronic chattel paper.
Section
554.9106
Control of investment property.
Section
554.9107
Control of letter-of-credit right.
Section
554.9108
Sufficiency of description.
Section
554.9109
Scope.
Section
554.9110
Security interests arising under Article 2 or 13.
Section
554.9111
Applicability of bulk transfer laws.
Section
554.9112
Section 554.9112
Section
554.9113
Section 554.9113
Section
554.9114
Section 554.9114
Section
554.9115
Section 554.9115
Section
554.9116
Section 554.9116
Section
554.9201
General effectiveness of security agreement.
Section
554.9202
Title to collateral immaterial.
Section
554.9203
Attachment and enforceability of security interest — proceeds — supporting obligations — formal requisites.
Section
554.9204
After-acquired property — future advances.
Section
554.9205
Use or disposition of collateral permissible.
Section
554.9206
Security interest arising in purchase or delivery of financial asset.
Section
554.9207
Rights and duties of secured party having possession or control of collateral.
Section
554.9208
Additional duties of secured party having control of collateral.
Section
554.9209
Duties of secured party if account debtor has been notified of assignment.
Section
554.9210
Request for accounting — request regarding list of collateral or statement of account.
Section
554.9301
Law governing perfection and priority of security interests.
Section
554.9302
Law governing perfection and priority of agricultural liens.
Section
554.9303
Law governing perfection and priority of security interests in goods covered by a certificate of title.
Section
554.9304
Law governing perfection and priority of security interests in deposit accounts.
Section
554.9305
Law governing perfection and priority of security interests in investment property.
Section
554.9306
Law governing perfection and priority of security interests in letter-of-credit rights.
Section
554.9307
Location of debtor.
Section
554.9308
When security interest or agricultural lien is perfected — continuity of perfection.
Section
554.9309
Security interest perfected upon attachment.
Section
554.9310
When filing required to perfect security interest or agricultural lien — security interests and agricultural liens to which filing provisions do not apply.
Section
554.9311
Perfection of security interests in property subject to certain statutes, regulations, and treaties.
Section
554.9312
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.
Section
554.9313
When possession by or delivery to secured party perfects security interest without filing.
Section
554.9314
Perfection by control.
Section
554.9315
Secured party’s rights on disposition of collateral and in proceeds.
Section
554.9316
Effect of change in governing law.
Section
554.9317
Interests that take priority over or take free of security interest or agricultural lien.
Section
554.9318
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.
Section
554.9319
Rights and title of consignee with respect to creditors and purchasers.
Section
554.9320
Buyer of goods.
Section
554.9321
Licensee of general intangible and lessee of goods in ordinary course of business.
Section
554.9322
Priorities among conflicting security interests in and agricultural liens on same collateral.
Section
554.9323
Future advances.
Section
554.9324
Priority of purchase-money security interests.
Section
554.9325
Priority of security interests in transferred collateral.
Section
554.9326
Priority of security interests created by new debtor.
Section
554.9327
Priority of security interests in deposit account.
Section
554.9328
Priority of security interests in investment property.
Section
554.9329
Priority of security interests in letter-of-credit right.
Section
554.9330
Priority of purchaser of chattel paper or instrument.
Section
554.9331
Priority of rights of purchasers of instruments, documents, and securities under other articles — priority of interests in financial assets and security entitlements under Article 8.
Section
554.9332
Transfer of money — transfer of funds from deposit account.
Section
554.9333
Priority of certain liens arising by operation of law.
Section
554.9334
Priority of security interests in fixtures and crops.
Section
554.9335
Accessions.
Section
554.9336
Commingled goods.
Section
554.9337
Priority of security interests in goods covered by certificate of title.
Section
554.9338
Priority of security interest or agricultural lien perfected by filed financing statement providing certain incorrect information.
Section
554.9339
Priority subject to subordination.
Section
554.9340
Effectiveness of right of recoupment or setoff against deposit account.
Section
554.9341
Bank’s rights and duties with respect to deposit account.
Section
554.9342
Bank’s right to refuse to enter into or disclose existence of control agreement.
Section
554.9401
Alienability of debtor’s rights.
Section
554.9402
Secured party not obligated on contract of debtor or in tort.
Section
554.9403
Agreement not to assert defenses against assignee.
Section
554.9404
Rights acquired by assignee — claims and defenses against assignee.
Section
554.9405
Modification of assigned contract.
Section
554.9406
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.
Section
554.9407
Restrictions on creation or enforcement of security interest in leasehold interest or in lessor’s residual interest.
Section
554.9408
Restrictions on assignment of promissory notes, health care insurance receivables, and certain general intangibles ineffective.
Section
554.9409
Restrictions on assignment of letter-of-credit rights ineffective.
Section
554.9501
Filing office.
Section
554.9502
Contents of financing statement — record of mortgage as financing statement — time of filing financing statement.
Section
554.9503
Name of debtor and secured party.
Section
554.9504
Indication of collateral.
Section
554.9505
Filing and compliance with other statutes and treaties for consignments, leases, other bailments, and other transactions.
Section
554.9506
Effect of errors or omissions.
Section
554.9507
Effect of certain events on effectiveness of financing statement.
Section
554.9508
Effectiveness of financing statement if new debtor becomes bound by security agreement.
Section
554.9509
Persons entitled to file a record.
Section
554.9510
Effectiveness of filed record.
Section
554.9511
Secured party of record.
Section
554.9512
Amendment of financing statement.
Section
554.9513
Termination statement.
Section
554.9514
Assignment of powers of secured party of record.
Section
554.9515
Duration and effectiveness of financing statement — effect of lapsed financing statement.
Section
554.9516
What constitutes filing — effectiveness of filing.
Section
554.9517
Effect of indexing errors.
Section
554.9518
Claim concerning inaccurate or wrongfully filed record.
Section
554.9519
Numbering, maintaining, and indexing records — communicating information provided in records.
Section
554.9520
Acceptance and refusal to accept record.
Section
554.9521
Uniform form of written financing statement and amendment.
Section
554.9522
Maintenance and destruction of records.
Section
554.9523
Information from filing office — sale or license of records.
Section
554.9524
Delay by filing office.
Section
554.9525
Fees.
Section
554.9526
Filing-office rules.
Section
554.9527
Duty to report.
Section
554.9601
Rights after default — judicial enforcement — consignor or buyer of accounts, chattel paper, payment intangibles, or promissory notes.
Section
554.9602
Waiver and variance of rights and duties.
Section
554.9603
Agreement on standards concerning rights and duties.
Section
554.9604
Procedure if security agreement covers real property or fixtures.
Section
554.9605
Unknown debtor or secondary obligor.
Section
554.9606
Time of default for agricultural lien.
Section
554.9607
Collection and enforcement by secured party.
Section
554.9608
Application of proceeds of collection or enforcement — liability for deficiency and right to surplus.
Section
554.9609
Secured party’s right to take possession after default.
Section
554.9610
Disposition of collateral after default.
Section
554.9611
Notification before disposition of collateral.
Section
554.9612
Timeliness of notification before disposition of collateral.
Section
554.9613
Contents and form of notification before disposition of collateral — general.
Section
554.9614
Contents and form of notification before disposition of collateral — consumer-goods transaction.
Section
554.9615
Application of proceeds of disposition — liability for deficiency and right to surplus.
Section
554.9616
Explanation of calculation of surplus or deficiency.
Section
554.9617
Rights of transferee of collateral.
Section
554.9618
Rights and duties of certain secondary obligors.
Section
554.9619
Transfer of record or legal title.
Section
554.9620
Acceptance of collateral in full or partial satisfaction of obligation — compulsory disposition of collateral.
Section
554.9621
Notification of proposal to accept collateral.
Section
554.9622
Effect of acceptance of collateral.
Section
554.9623
Right to redeem collateral.
Section
554.9624
Waiver.
Section
554.9625
Remedies for secured party’s failure to comply with Article.
Section
554.9626
Action in which deficiency or surplus is in issue.
Section
554.9627
Determination of whether conduct was commercially reasonable.
Section
554.9628
Nonliability and limitation on liability of secured party — liability of secondary obligor.
Section
554.9701
Effective date.
Section
554.9702
Savings clause.
Section
554.9703
Security interest perfected before effective date.
Section
554.9704
Security interest unperfected before effective date.
Section
554.9705
Effectiveness of action taken before effective date.
Section
554.9706
When initial financing statement suffices to continue effectiveness of financing statement.
Section
554.9707
Amendment of pre-effective-date financing statement.
Section
554.9708
Persons entitled to file initial financing statement or continuation statement.
Section
554.9709
Priority.
Section
554.9710
“Former” defined.
Section
554.9801
Effective date.
Section
554.9802
Savings clause.
Section
554.9803
Security interest perfected before effective date.
Section
554.9804
Security interest unperfected before effective date.
Section
554.9805
Effectiveness of action taken before effective date.
Section
554.9806
When initial financing statement suffices to continue effectiveness of financing statement.
Section
554.9807
Amendment of pre-effective-date financing statement.
Section
554.9808
Person entitled to file initial financing statement or continuation statement.
Section
554.9809
Priority.
Section
554.10101
Effective date.
Section
554.10102
Section 554.10102
Section
554.10103
General repealer.
Section
554.10104
Laws not repealed.
Section
554.10105
Secretary of state exempted from personal liability.
Section
554.11101
Effective date.
Section
554.11102
Preservation of old transition provision.
Section
554.11103
Transition to this chapter as amended — general rule.
Section
554.11104
Transition provision on change of requirement of filing.
Section
554.11105
Transition provision on change of place of filing.
Section
554.11106
Section 554.11106
Section
554.11107
Transition provisions as to priorities.
Section
554.11108
Presumption that rule of law continues unchanged.
Section
554.11109
Effect of official comments.
Section
554.12101
Short title.
Section
554.12102
Subject matter.
Section
554.12103
Payment order — definitions.
Section
554.12104
Funds transfer — definitions.
Section
554.12105
Other definitions.
Section
554.12106
Time payment order is received.
Section
554.12107
Federal reserve regulations and operating circulars.
Section
554.12108
Relationship to Electronic Fund Transfer Act.
Section
554.12201
Security procedure.
Section
554.12202
Authorized and verified payment orders.
Section
554.12203
Unenforceability of certain verified payment orders.
Section
554.12204
Refund of payment and duty of customer to report with respect to unauthorized payment order.
Section
554.12205
Erroneous payment orders.
Section
554.12206
Transmission of payment order through funds-transfer or other communication system.
Section
554.12207
Misdescription of beneficiary.
Section
554.12208
Misdescription of intermediary bank or beneficiary’s bank.
Section
554.12209
Acceptance of payment order.
Section
554.12210
Rejection of payment order.
Section
554.12211
Cancellation and amendment of payment order.
Section
554.12212
Liability and duty of receiving bank regarding unaccepted payment order.
Section
554.12301
Execution and execution date.
Section
554.12302
Obligations of receiving bank in execution of payment order.
Section
554.12303
Erroneous execution of payment order.
Section
554.12304
Duty of sender to report erroneously executed payment order.
Section
554.12305
Liability for late or improper execution or failure to execute payment order.
Section
554.12401
Payment date.
Section
554.12402
Obligation of sender to pay receiving bank.
Section
554.12403
Payment by sender to receiving bank.
Section
554.12404
Obligation of beneficiary’s bank to pay and give notice to beneficiary.
Section
554.12405
Payment by beneficiary’s bank to beneficiary.
Section
554.12406
Payment by originator to beneficiary — discharge of underlying obligation.
Section
554.12501
Variation by agreement and effect of funds-transfer system rule.
Section
554.12502
Creditor process served on receiving bank — setoff by beneficiary’s bank.
Section
554.12503
Injunction or restraining order with respect to funds transfer.
Section
554.12504
Order in which items and payment orders may be charged to account — order of withdrawals from account.
Section
554.12505
Preclusion of objection to debit of customer’s account.
Section
554.12506
Rate of interest.
Section
554.12507
Choice of law.
Section
554.13101
Short title.
Section
554.13102
Scope.
Section
554.13103
Definitions and index of definitions.
Section
554.13104
Leases subject to other law.
Section
554.13105
Territorial application of Article to goods covered by certificate of title.
Section
554.13106
Limitation on power of parties to consumer lease to choose applicable law and judicial forum.
Section
554.13107
Waiver or renunciation of claim or right after default.
Section
554.13108
Unconscionability.
Section
554.13109
Option to accelerate at will.
Section
554.13201
Statute of frauds.
Section
554.13202
Final written expression — parol or extrinsic evidence.
Section
554.13203
Seals inoperative.
Section
554.13204
Formation in general.
Section
554.13205
Firm offers.
Section
554.13206
Offer and acceptance in formation of lease contract.
Section
554.13207
Course of performance or practical construction.
Section
554.13208
Modification, rescission, and waiver.
Section
554.13209
Lessee under finance lease as beneficiary of supply contract.
Section
554.13210
Express warranties.
Section
554.13211
Warranties against interference and against infringement — lessee’s obligation against infringement.
Section
554.13212
Implied warranty of merchantability.
Section
554.13213
Implied warranty of fitness for particular purpose.
Section
554.13214
Exclusion or modification of warranties.
Section
554.13215
Cumulation and conflict of warranties express or implied.
Section
554.13216
Third-party beneficiaries of express and implied warranties.
Section
554.13217
Identification.
Section
554.13218
Insurance and proceeds.
Section
554.13219
Risk of loss.
Section
554.13220
Effect of default on risk of loss.
Section
554.13221
Casualty to identified goods.
Section
554.13301
Enforceability of lease contract.
Section
554.13302
Title to and possession of goods.
Section
554.13303
Alienability of party’s interest under lease contract or of lessor’s residual interest in goods — delegation of performance — transfer of rights.
Section
554.13304
Subsequent lease of goods by lessor.
Section
554.13305
Sale or sublease of goods by lessee.
Section
554.13306
Priority of certain liens arising by operation of law.
Section
554.13307
Priority of liens arising by attachment or levy on, security interests in, and other claims to goods.
Section
554.13308
Special rights of creditors.
Section
554.13309
Lessor’s and lessee’s rights when goods become fixtures.
Section
554.13310
Lessor’s and lessee’s rights when goods become accessions.
Section
554.13311
Priority subject to subordination.
Section
554.13401
Insecurity — adequate assurance of performance.
Section
554.13402
Anticipatory repudiation.
Section
554.13403
Retraction of anticipatory repudiation.
Section
554.13404
Substituted performance.
Section
554.13405
Excused performance.
Section
554.13406
Procedure on excused performance.
Section
554.13407
Irrevocable promises — finance leases.
Section
554.13501
Default — procedure.
Section
554.13502
Notice after default.
Section
554.13503
Modification or impairment of rights and remedies.
Section
554.13504
Liquidation of damages.
Section
554.13505
Cancellation and termination and effect of cancellation, termination, rescission, or fraud on rights and remedies.
Section
554.13506
Statute of limitations.
Section
554.13507
Proof of market rent — time and place.
Section
554.13508
Lessee’s remedies.
Section
554.13509
Lessee’s rights on improper delivery — rightful rejection.
Section
554.13510
Installment lease contracts — rejection and default.
Section
554.13511
Merchant lessee’s duties as to rightfully rejected goods.
Section
554.13512
Lessee’s duties as to rightfully rejected goods.
Section
554.13513
Cure by lessor of improper tender or delivery — replacement.
Section
554.13514
Waiver of lessee’s objections.
Section
554.13515
Acceptance of goods.
Section
554.13516
Effect of acceptance of goods — notice of default — burden of establishing default after acceptance — notice of claim or litigation to person answerable over.
Section
554.13517
Revocation of acceptance of goods.
Section
554.13518
Cover — substitute goods.
Section
554.13519
Lessee’s damages for nondelivery, repudiation, default, and breach of warranty in regard to accepted goods.
Section
554.13520
Lessee’s incidental and consequential damages.
Section
554.13521
Lessee’s right to specific performance or replevin.
Section
554.13522
Lessee’s right to goods on lessor’s insolvency.
Section
554.13523
Lessor’s remedies.
Section
554.13524
Lessor’s right to identify goods to lease contract.
Section
554.13525
Lessor’s right to possession of goods.
Section
554.13526
Lessor’s stoppage of delivery in transit or otherwise.
Section
554.13527
Lessor’s rights to dispose of goods.
Section
554.13528
Lessor’s damages for nonacceptance, failure to pay, repudiation, or other default.
Section
554.13529
Lessor’s action for the rent.
Section
554.13530
Lessor’s incidental damages.
Section
554.13531
Standing to sue third parties for injury to goods.
Section
554.13532
Lessor’s rights to residual interest.