490 Uniform Commercial Code







         Part 1.  General Provisions


   490:1-101 Short title

   490:1-102 Scope of article

   490:1-103 Construction of chapter to promote its purposes and

             policies; applicability of supplemental principles

             of law

   490:1-104 Construction against implied repeal

   490:1-105 Severability

   490:1-106 Use of singular and plural; gender

   490:1-107 Section captions

   490:1-108 Relation to Electronic Signatures in Global and

             National Commerce Act


         Part 2.  General Definitions and Principles of


   490:1-201 General definitions

   490:1-202 Notice; knowledge

   490:1-203 Lease distinguished from security interest

   490:1-204 Value

   490:1-205 Reasonable time; seasonableness

   490:1-206 Presumptions


         Part 3.  Territorial Applicability and General Rules

   490:1-301 Territorial applicability; parties' power to choose

             applicable law

   490:1-302 Variation by agreement

   490:1-303 Course of performance, course of dealing, and usage

             of trade

   490:1-304 Obligation of good faith

   490:1-305 Remedies to be liberally administered

   490:1-306 Waiver or renunciation of claim or right after


   490:1-307 Prima facie evidence by third-party documents

   490:1-308 Performance or acceptance under reservation of


   490:1-309 Option to accelerate at will

   490:1-310 Subordinated obligations




         Part 1.  Short Title, General Construction and

                  Subject Matter

   490:2-101 Short title

   490:2-102 Scope; certain security and other transactions

             excluded from this article

   490:2-103 Definitions and index of definitions

   490:2-104 Definitions:  "merchant"; "between merchants";

             "financing agency"

   490:2-105 Definitions:  transferability; "goods"; "future"

             goods; "lot"; "commercial unit"

   490:2-106 Definitions:  "contract"; "agreement"; "contract

             for sale"; "sale"; "present sale"; "conforming" to

             contract; "termination"; "cancellation"

   490:2-107 Goods to be severed from realty:  recording


         Part 2.  Form, Formation and Readjustment of Contract

   490:2-201 Formal requirements; statute of frauds

   490:2-202 Final written expression:  parol or extrinsic


   490:2-203 Seals inoperative

   490:2-204 Formation in general

   490:2-205 Firm offers

   490:2-206 Offer and acceptance in formation of contract

   490:2-207 Additional terms in acceptance or confirmation

   490:2-208 Repealed

   490:2-209 Modification, rescission and waiver

   490:2-210 Delegation of performance; assignment of rights


         Part 3.  General Obligation and Construction of


   490:2-301 General obligation of parties

   490:2-302 Unconscionable contract or clause

   490:2-303 Allocation or division of risks

   490:2-304 Price payable in money, goods, realty or otherwise

   490:2-305 Open price term

   490:2-306 Output, requirements and exclusive dealings

   490:2-307 Delivery in single lot or several lots

   490:2-308 Absence of specified place for delivery

   490:2-309 Absence of specific time provisions; notice of


   490:2-310 Open time for payment or running of credit;

             authority to ship under reservation

   490:2-311 Options and cooperation respecting performance

   490:2-312 Warranty of title and against infringement; buyer's

             obligation against infringement

   490:2-313 Express warranties by affirmation, promise,

             description, sample

490:2-313.1, 313.2 Repealed

   490:2-314 Implied warranty:  merchantability; usage of trade

   490:2-315 Implied warranty:  fitness for particular purpose

   490:2-316 Exclusion or modification of warranties

   490:2-317 Cumulation and conflict of warranties express or


   490:2-318 Third party beneficiaries of warranties express or


   490:2-319 F.O.B. and F.A.S. terms

   490:2-320 C.I.F. and C. & F. terms

   490:2-321 C.I.F. or C. & F.:  "net landed weights"; "payment

             on arrival"; warranty of condition on arrival

   490:2-322 Delivery "ex-ship"

   490:2-323 Form of bill of lading required in overseas

             shipment; "overseas"

   490:2-324 "No arrival, no sale" term

   490:2-325 "Letter of credit" term; "confirmed credit"

   490:2-326 Sale on approval and sale or return;

             rights of creditors

   490:2-327 Special incidents of sale on approval and

             sale or return

   490:2-328 Sale by auction


         Part 4.  Title, Creditors and Good Faith Purchasers

   490:2-401 Passing of title; reservation for security; limited

             application of this section

   490:2-402 Rights of seller's creditors against sold goods

   490:2-403 Power to transfer; good faith purchase of goods;



         Part 5.  Performance

   490:2-501 Insurable interest in goods; manner of

             identification of goods

   490:2-502 Buyer's right to goods on seller's repudiation,

             failure to deliver, or insolvency

   490:2-503 Manner of seller's tender of delivery

   490:2-504 Shipment by seller

   490:2-505 Seller's shipment under reservation

   490:2-506 Rights of financing agency

   490:2-507 Effect of seller's tender; delivery on condition

   490:2-508 Cure by seller of improper tender or delivery;


   490:2-509 Risk of loss in the absence of breach

   490:2-510 Effect of breach on risk of loss

   490:2-511 Tender of payment by buyer; payment by check

   490:2-512 Payment by buyer before inspection

   490:2-513 Buyer's right to inspection of goods

   490:2-514 When documents deliverable on acceptance; when on


   490:2-515 Preserving evidence of goods in dispute


         Part 6.  Breach, Repudiation and Excuse

   490:2-601 Buyer's rights on improper delivery

   490:2-602 Manner and effect of rightful rejection

   490:2-603 Merchant buyer's duties as to rightfully rejected


   490:2-604 Buyer's options as to salvage of rightfully

             rejected goods

   490:2-605 Waiver of buyer's objections by failure to


   490:2-606 What constitutes acceptance of goods

   490:2-607 Effect of acceptance; notice of breach; burden of

             establishing breach after acceptance; notice of

             claim or litigation to person answerable over

   490:2-608 Revocation of acceptance in whole or in part

   490:2-609 Right to adequate assurance of performance

   490:2-610 Anticipatory repudiation

   490:2-611 Retraction of anticipatory repudiation

   490:2-612 "Installment contract"; breach

   490:2-613 Casualty to identified goods

   490:2-614 Substituted performance

   490:2-615 Excuse by failure of presupposed conditions

   490:2-616 Procedure on notice claiming excuse


         Part 7.  Remedies

   490:2-701 Remedies for breach of collateral contracts not


   490:2-702 Seller's remedies on discovery of buyer's


   490:2-703 Seller's remedies in general

   490:2-704 Seller's right to identify goods to the contract

             notwithstanding breach or to salvage unfinished


   490:2-705 Seller's stoppage of delivery in transit or


   490:2-706 Seller's resale including contract for resale

   490:2-707 "Person in the position of a seller"

   490:2-708 Seller's damages for nonacceptance or repudiation

   490:2-709 Action for the price

   490:2-710 Seller's incidental damages

   490:2-711 Buyer's remedies in general; buyer's security

             interest in rejected goods

   490:2-712 "Cover"; buyer's procurement of substitute goods

   490:2-713 Buyer's damages for nondelivery or repudiation

   490:2-714 Buyer's damages for breach in regard to accepted


   490:2-715 Buyer's incidental and consequential damages

   490:2-716 Buyer's right to specific performance or replevin

   490:2-717 Deduction of damages from the price

   490:2-718 Liquidation or limitation of damages; deposits

   490:2-719 Contractual modification or limitation of remedy

   490:2-720 Effect of "cancellation" or "rescission" on claims

             for antecedent breach

   490:2-721 Remedies for fraud

   490:2-722 Who can sue third parties for injury to goods

   490:2-723 Proof of market price; time and place

   490:2-724 Admissibility of market quotations

   490:2-725 Statute of limitations in contracts for sale




         Part 1.  General Provisions

  490:2A-101 Short title

  490:2A-102 Scope

  490:2A-103 Definitions and index of definitions

  490:2A-104 Leases subject to other law

  490:2A-105 Territorial application of article to goods covered

             by certificate of title

  490:2A-106 Limitation on power of parties to consumer lease to

             choose applicable law and judicial forum

  490:2A-107 Waiver or renunciation of claim or right after


  490:2A-108 Unconscionability

  490:2A-109 Option to accelerate at will


         Part 2.  Formation and Construction of Lease Contract

  490:2A-201 Statute of frauds

  490:2A-202 Final written expression:  parol or extrinsic


  490:2A-203 Seals inoperative

  490:2A-204 Formation in general

  490:2A-205 Firm offers

  490:2A-206 Offer and acceptance in formation of lease contract

  490:2A-207 Repealed

  490:2A-208 Modification, rescission and waiver

  490:2A-209 Lessee under finance lease as beneficiary of supply


  409:2A-210 Express warranties

  490:2A-211 Warranties against interference and against

             infringement; lessee's obligation against


  490:2A-212 Implied warranty of merchantability

  490:2A-213 Implied warranty of fitness for particular purpose

  490:2A-214 Exclusion or modification of warranties

  490:2A-215 Cumulation and conflict of warranties express or


  490:2A-216 Third-party beneficiaries of express and implied


  490:2A-217 Identification

  490:2A-218 Insurance and proceeds

  490:2A-219 Risk of loss

  490:2A-220 Effect of default on risk of loss

  490:2A-221 Casualty to identified goods


         Part 3.  Effect of Lease Contract

  490:2A-301 Enforceability of lease contract

  490:2A-302 Title to and possession of goods

  490:2A-303 Alienability of party's interest under lease

             contract or of lessor's residual interest in goods;

             delegation of performance; transfer of rights

  490:2A-304 Subsequent lease of goods by lessor

  490:2A-305 Sale or sublease of goods by lessee

  490:2A-306 Priority of certain liens arising by operation of


  490:2A-307 Priority of liens arising by attachment or levy on,

             security interests in, and other claims to goods

  490:2A-308 Special rights of creditors

  490:2A-309 Lessor's and lessee's rights when goods become


  490:2A-310 Lessor's and lessee's rights when goods become


  490:2A-311 Priority subject to subordination


         Part 4.  Performance of Lease Contract:  Repudiated,

                  Substituted, and Excused

  490:2A-401 Insecurity:  adequate assurance of performance

  490:2A-402 Anticipatory repudiation

  490:2A-403 Retraction of anticipatory repudiation

  490:2A-404 Substituted performance

  490:2A-405 Excused performance

  490:2A-406 Procedure on excused performance

  490:2A-407 Irrevocable promises:  finance leases


         Part 5.  Default


           Subpart A.  In General

  490:2A-501 Default:  procedure

  490:2A-502 Notice after default

  490:2A-503 Modification or impairment of rights and remedies

  490:2A-504 Liquidation of damages

  490:2A-505 Cancellation and termination and effect of

             cancellation, termination, rescission, or fraud on

             rights and remedies

  490:2A-506 Statute of limitations

  490:2A-507 Proof of market rent:  time and place


           Subpart B.  Default by Lessor

  490:2A-508 Lessee's remedies

  490:2A-509 Lessee's rights on improper delivery; rightful

         .   rejection

  490:2A-510 Installment lease contracts:  rejection and default

  490:2A-511 Merchant lessee's duties as to rightfully rejected


  490:2A-512 Lessee's duties as to rightfully rejected goods

  490:2A-513 Cure by lessor of improper tender or delivery;


  490:2A-514 Waiver of lessee's objections

  490:2A-515 Acceptance of goods

  490:2A-516 Effect of acceptance of goods; notice of default;

             burden of establishing default after acceptance;

             notice of claim or litigation to person answerable


  490:2A-517 Revocation of acceptance of goods

  490:2A-518 Cover; substitute goods

  490:2A-519 Lessee's damages for nondelivery, repudiation,

             default, and breach of warranty in regard to

             accepted goods

  490:2A-520 Lessee's incidental and consequential damages

  490:2A-521 Lessee's right to specific performance or replevin

  490:2A-522 Lessee's right to goods on lessor's insolvency


           Subpart C.  Default by Lessee

  490:2A-523 Lessor's remedies

  490:2A-524 Lessor's right to identify goods to lease contract

  490:2A-525 Lessor's right to possession of goods

  490:2A-526 Lessor's stoppage of delivery in transit or


  490:2A-527 Lessor's rights to dispose of goods

  490:2A-528 Lessor's damages for nonacceptance, failure to pay,

             repudiation, or other default

  490:2A-529 Lessor's action for the rent

  490:2A-530 Lessor's incidental damages

  490:2A-531 Standing to sue third parties for injury to goods

  490:2A-532 Lessor's rights to residual interest




         Part 1.  General Provisions and Definitions

   490:3-101 Short title

   490:3-102 Subject matter

   490:3-103 Definitions

   490:3-104 Negotiable instrument

   490:3-105 Issue of instrument

   490:3-106 Unconditional promise or order

   490:3-107 Instrument payable in foreign money

   490:3-108 Payable on demand or at definite time

   490:3-109 Payable to bearer or to order

   490:3-110 Identification of person to whom instrument is


   490:3-111 Place of payment

   490:3-112 Interest

   490:3-113 Date of instrument

   490:3-114 Contradictory terms of instrument

   490:3-115 Incomplete instrument

   490:3-116 Joint and several liability; contribution

   490:3-117 Other agreements affecting instrument

   490:3-118 Statute of limitations

   490:3-119 Notice of right to defend action


         Part 2.  Negotiation, Transfer, and Indorsement

   490:3-201 Negotiation

   490:3-202 Negotiation subject to rescission

   490:3-203 Transfer of instrument; rights acquired by transfer

   490:3-204 Indorsement

   490:3-205 Special indorsement; blank indorsement; anomalous


   490:3-206 Restrictive indorsement

   490:3-207 Reacquisition


         Part 3.  Enforcement of Instruments

   490:3-301 Person entitled to enforce instrument

   490:3-302 Holder in due course

   490:3-303 Value and consideration

   490:3-304 Overdue instrument

   490:3-305 Defenses and claims in recoupment

   490:3-306 Claims to an instrument

   490:3-307 Notice of breach of fiduciary duty

   490:3-308 Proof of signatures and status as holder in due


   490:3-309 Enforcement of lost, destroyed, or stolen


   490:3-310 Effect of instrument on obligation for which taken

   490:3-311 Accord and satisfaction by use of instrument

   490:3-312 Lost, destroyed, or stolen cashier's check,

             teller's check, or certified check


         Part 4.  Liability of Parties

   490:3-401 Signature

   490:3-402 Signature by representative

   490:3-403 Unauthorized signature

   490:3-404 Impostors; fictitious payees

   490:3-405 Employer responsibility for fraudulent indorsement

             by employee

   490:3-406 Negligence contributing to forged signature or

             alteration of instrument

   490:3-407 Alteration

   490:3-408 Drawee not liable on unaccepted draft

   490:3-409 Acceptance of draft; certified check

   490:3-410 Acceptance varying draft

   490:3-411 Refusal to pay cashier's checks, teller's checks,

             and certified checks

   490:3-412 Obligation of issuer of note or cashier's check

   490:3-413 Obligation of acceptor

   490:3-414 Obligation of drawer

   490:3-415 Obligation of indorser

   490:3-416 Transfer warranties

   490:3-417 Presentment warranties

   490:3-418 Payment or acceptance by mistake

   490:3-419 Instruments signed for accommodation

   490:3-420 Conversion of instrument


         Part 5.  Dishonor

   490:3-501 Presentment

   490:3-502 Dishonor

   490:3-503 Notice of dishonor

   490:3-504 Excused presentment and notice of dishonor

   490:3-505 Evidence of dishonor

   490:3-506 Dishonored check; action for treble damages;


 490:3-506.5 Charges for dishonored checks


         Part 6.  Discharge and Payment

   490:3-601 Discharge and effect of discharge

   490:3-602 Payment

   490:3-603 Tender of payment

   490:3-604 Discharge by cancellation or renunciation

   490:3-605 Discharge of indorsers and accommodation parties




         Part 1.  General Provisions and Definitions

   490:4-101 Short title

   490:4-102 Applicability

   490:4-103 Variation by agreement; measure of damages; action

             constituting ordinary care

   490:4-104 Definitions and index of definitions

   490:4-105 "Bank"; "depositary bank"; "payor bank";

             "intermediary bank"; "collecting bank"; "presenting


   490:4-106 Payable through or payable at bank; collecting bank

   490:4-107 Separate office of a bank

   490:4-108 Time of receipt of items

   490:4-109 Delays

   490:4-110 Electronic presentment

   490:4-111 Statute of limitations


         Part 2.  Collection of Items:  Depositary and

                  Collecting Banks

   490:4-201 Status of collecting bank as agent and provisional

             status of credits; applicability of article; item

             indorsed "pay any bank"

   490:4-202 Responsibility for collection or return; when

             action timely

   490:4-203 Effect of instructions

   490:4-204 Methods of sending and presenting; sending directly

             to payor bank

   490:4-205 Depositary bank holder of unindorsed item

   490:4-206 Transfer between banks

   490:4-207 Transfer warranties

   490:4-208 Presentment warranties

   490:4-209 Encoding and retention warranties

   490:4-210 Security interest of collecting bank in items,

             accompanying documents and proceeds

   490:4-211 When bank gives value for purposes of holder in due


   490:4-212 Presentment by notice of item not payable by,

             through, or at a bank; liability of drawer or


   490:4-213 Medium and time of settlement by bank

   490:4-214 Right of charge back or refund; liability of

             collecting bank; return of item

   490:4-215 Final payment of item by payor bank; when

             provisional debits and credits become final; when

             certain credits become available for withdrawal

   490:4-216 Insolvency and preference


         Part 3.  Collection of Items; Payor Banks

   490:4-301 Deferred posting; recovery of payment by return of

             items; time of dishonor; return of items by payor


   490:4-302 Payor bank's responsibility for late return of item

   490:4-303 When items subject to notice, stop-payment order,

             legal process, or setoff; order in which items may

             be charged or certified


         Part 4.  Relationship Between Payor Bank and its


   490:4-401 When bank may charge customer's account

   490:4-402 Bank's liability to customer for wrongful dishonor;

             time of determining insufficiency of account

   490:4-403 Customer's right to stop payment; burden of proof

             of loss

   490:4-404 Bank not obligated to pay check more than six

             months old

   490:4-405 Death or incompetence of customer

   490:4-406 Customer's duty to discover and report unauthorized

             signature or alteration

   490:4-407 Payor bank's right to subrogation on improper



         Part 5.  Collection of Documentary Drafts

   490:4-501 Handling of documentary drafts; duty to send for

             presentment and to notify customer of dishonor

   490:4-502 Presentment of "on arrival" drafts

   490:4-503 Responsibility of presenting bank for documents and

             goods; report of reasons for dishonor; referee in

             case of need

   490:4-504 Privilege of presenting bank to deal with goods;

             security interest for expenses




         Part 1.  Subject Matter and Definitions

  490:4A-101 Short title

  490:4A-102 Subject matter

  490:4A-103 Payment order-definitions

  490:4A-104 Funds transfer-definitions

  490:4A-105 Other definitions

  490:4A-106 Time payment order is received

  490:4A-107 Federal reserve regulations and operating circulars

  490:4A-108 Relationship to Electronic Fund Transfer Act


         Part 2.  Issue and Acceptance of Payment Order

  490:4A-201 Security procedure

  490:4A-202 Authorized and verified payment orders

  490:4A-203 Unenforceability of certain verified payment orders

  490:4A-204 Refund of payment and duty of customer to report

             with respect to unauthorized payment order

  490:4A-205 Erroneous payment orders

  490:4A-206 Transmission of payment order through

             funds-transfer or other communication system

  490:4A-207 Misdescription of beneficiary

  490:4A-208 Misdescription of intermediary bank or

             beneficiary's bank

  490:4A-209 Acceptance of payment order

  490:4A-210 Rejection of payment order

  490:4A-211 Cancellation and amendment of payment order

  490:4A-212 Liability and duty of receiving bank regarding

             unaccepted payment order


         Part 3.  Execution of Sender's Payment Order by

                  Receiving Bank

  490:4A-301 Execution and execution date

  490:4A-302 Obligations of receiving bank in execution of

             payment order

  490:4A-303 Erroneous execution of payment order

  490:4A-304 Duty of sender to report erroneously executed

             payment order

  490:4A-305 Liability for late or improper execution or failure

             to execute payment order


         Part 4.  Payment

  490:4A-401 Payment date

  490:4A-402 Obligation of sender to pay receiving bank

  490:4A-403 Payment by sender to receiving bank

  490:4A-404 Obligation of beneficiary's bank to pay and give

             notice to beneficiary

  490:4A-405 Payment by beneficiary's bank to beneficiary

  490:4A-406 Payment by originator to beneficiary; discharge of

             underlying obligation


         Part 5.  Miscellaneous Provisions

  490:4A-501 Variation by agreement and effect of funds-transfer

             system rule

  490:4A-502 Creditor process served on receiving bank; setoff

             by beneficiary's bank

  490:4A-503 Injunction or restraining order with respect to

             funds transfer

  490:4A-504 Order in which items and payment orders may be

             charged to account; order of withdrawals from


  490:4A-505 Preclusion of objection to debit of customer's


  490:4A-506 Rate of interest

  490:4A-507 Choice of law




   490:5-101 Short title

   490:5-102 Definitions

   490:5-103 Scope

   490:5-104 Formal requirements

   490:5-105 Consideration

   490:5-106 Issuance, amendment, cancellation, and duration

   490:5-107 Confirmer, nominated person, and advisor

   490:5-108 Issuer's rights and obligations

   490:5-109 Fraud and forgery

   490:5-110 Warranties

   490:5-111 Remedies

   490:5-112 Transfer of letter of credit

   490:5-113 Transfer by operation of law

   490:5-114 Assignment of proceeds

   490:5-115 Statute of limitations

   490:5-116 Choice of law and forum

   490:5-117 Subrogation of issuer, applicant, and

             nominated person

   490:5-118 Security interest of issuer or nominated





   490:6-101 to 110 Repealed




         Part 1.  General

   490:7-101 Short title

   490:7-102 Definitions and index of definitions

   490:7-103 Relation of article to treaty or statute

   490:7-104 Negotiable and nonnegotiable document of title

   490:7-105 Reissuance in alternative medium

   490:7-106 Control of electronic document of title


         Part 2.  Warehouse Receipts:  Special Provisions

   490:7-201 Person that may issue a warehouse receipt; storage

             under bond

   490:7-202 Form of warehouse receipt; effect of omission

   490:7-203 Liability for nonreceipt or misdescription

   490:7-204 Duty of care; contractual limitation of warehouse's


   490:7-205 Title under warehouse receipt defeated in certain


   490:7-206 Termination of storage at warehouse's option

   490:7-207 Goods must be kept separate; fungible goods

   490:7-208 Altered warehouse receipts

   490:7-209 Lien of warehouse

   490:7-210 Enforcement of warehouse's lien


         Part 3.  Bills of Lading:  Special Provisions

   490:7-301 Liability for nonreceipt or misdescription; "said to

             contain"; "shipper's weight, load, and count";

             improper handling

   490:7-302 Through bills of lading and similar documents of


   490:7-303 Diversion; reconsignment; change of instructions

   490:7-304 Tangible bills of lading in a set

   490:7-305 Destination bills

   490:7-306 Altered bills of lading

   490:7-307 Lien of carrier

   490:7-308 Enforcement of carrier's lien

   490:7-309 Duty of care; contractual limitation of carrier's



         Part 4.  Warehouse Receipts and Bills of Lading:

                  General Obligations

   490:7-401 Irregularities in issue of receipt or bill or

             conduct of issuer

   490:7-402 Duplicate document of title; overissue

   490:7-403 Obligation of bailee to deliver; excuse

   490:7-404 No liability for good-faith delivery pursuant to

             document of title


         Part 5.  Warehouse Receipts and Bills of Lading:

                  Negotiation and Transfer

   490-7:501 Form of negotiation and requirements of due


   490:7-502 Rights acquired by due negotiation

   490:7-503 Document of title to goods defeated in certain cases

   490:7-504 Rights acquired in absence of due negotiation;

             effect of diversion; stoppage of delivery

   490:7-505 Indorser not guarantor for other parties

   490:7-506 Delivery without indorsement:  right to compel


   490:7-507 Warranties on negotiation or delivery of document of


   490:7-508 Warranties of collecting bank as to documents of


   490:7-509 Adequate compliance with commercial contract


         Part 6.  Warehouse Receipts and Bills of Lading:

                  Miscellaneous Provisions

   490:7-601 Lost, stolen, or destroyed documents of title

   490:7-602 Judicial process against goods covered by negotiable

             document of title

   490:7-603 Conflicting claims; interpleader


         Part 7.  Miscellaneous Provisions

   490:7-701 Applicability

   490:7-702 Savings clause




        Part 1.  Short Title and General Matters

  490:8-101 Short title

  490:8-102 Definitions

  490:8-103 Rules for determining whether certain obligations

            and interests are securities or financial assets

  490:8-104 Acquisition of security or financial asset or

            interest therein

  490:8-105 Notice of adverse claim

  490:8-106 Control

  490:8-107 Whether indorsement, instruction, or entitlement

            order is effective

  490:8-108 Warranties in direct holding

  490:8-109 Warranties in indirect holding

  490:8-110 Applicability; choice of law

  490:8-111 Clearing corporation rules

  490:8-112 Creditor's legal process

  490:8-113 Statute of frauds inapplicable

  490:8-114 Evidentiary rules concerning certificated securities

  490:8-115 Securities intermediary and others not liable to

            adverse claimant

  490:8-116 Securities intermediary as purchaser for value


        Part 2.  Issue and Issuer

  490:8-201 Issuer

  490:8-202 Issuer's responsibility and defenses; notice of

            defect or defense

  490:8-203 Staleness as notice of defect or defense

  490:8-204 Effect of issuer's restriction on transfer

  490:8-205 Effect of unauthorized signature on security


  490:8-206 Completion or alteration of security certificate

  490:8-207 Rights and duties of issuer with respect to

            registered owners

  490:8-208 Effect of signature of authenticating trustee,

            registrar, or transfer agent

  490:8-209 Issuer's lien

  490:8-210 Overissue


        Part 3.  Transfer of Certificated and Uncertificated


  490:8-301 Delivery

  490:8-302 Rights of purchaser

  490:8-303 Protected purchaser

  490:8-304 Indorsement

  490:8-305 Instruction

  490:8-306 Effect of guaranteeing signature, indorsement, or


  490:8-307 Purchaser's right to requisites for registration of



        Part 4.  Registration

  490:8-401 Duty of issuer to register transfer

  490:8-402 Assurance that indorsement or instruction is


  490:8-403 Demand that issuer not register transfer

  490:8-404 Wrongful registration

  490:8-405 Replacement of lost, destroyed, or wrongfully taken

            security certificate

  490:8-406 Obligation to notify issuer of lost, destroyed, or

            wrongfully taken security certificate

  490:8-407 Authenticating trustee, transfer agent, and registrar


        Part 5.  Security Entitlements

  490:8-501 Securities account; acquisition of security

            entitlement from securities intermediary

  490:8-502 Assertion of adverse claim against entitlement


  490:8-503 Property interest of entitlement holder in financial

            asset held by securities intermediary

  490:8-504 Duty of securities intermediary to maintain

            financial asset

  490:8-505 Duty of securities intermediary with respect to

            payments and distributions

  490:8-506 Duty of securities intermediary to exercise rights

            as directed by entitlement holder

  490:8-507 Duty of securities intermediary to comply with

            entitlement order

  490:8-508 Duty of securities intermediary to change

            entitlement holder's position to other form of

            security holding

  490:8-509 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

  490:8-510 Rights of purchaser of security entitlement from

            entitlement holder

  490:8-511 Priority among security interests and entitlement





         Part 1.  General Provisions


           Subpart 1.  Short Title, Definitions, and General


   490:9-101 Short title

   490:9-102 Definitions and index of definitions

   490:9-103 Purchase-money security interest; application of

             payments; burden of establishing

   490:9-104 Control of deposit account

   490:9-105 Control of electronic chattel paper

   490:9-106 Control of investment property

   490:9-107 Control of letter-of-credit right

   490:9-108 Sufficiency of description


           Subpart 2.  Applicability of Article

   490:9-109 Scope

   490:9-110 Security interests arising under article 2 or 2A


         Part 2.  Effectiveness of Security Agreement;

                  Attachment of Security Interest; Rights of

                  Parties to Security Agreement


           Subpart 1.  Effectiveness and Attachment

   490:9-201 General effectiveness of security agreement

   490:9-202 Title to collateral immaterial

   490:9-203 Attachment and enforceability of security interest;

             proceeds; supporting obligations; formal requisites

   490:9-204 After-acquired property; future advances

   490:9-205 Use or disposition of collateral permissible

   490:9-206 Security interest arising in purchase or delivery of

             financial asset


           Subpart 2.  Rights and Duties

   490:9-207 Rights and duties of secured party having possession

             or control of collateral

   490:9-208 Additional duties of secured party having control of


   490:9-209 Duties of secured party if account debtor has been

             notified of assignment

   490:9-210 Request for accounting; request regarding list of

             collateral or statement of account


         Part 3.  Perfection and Priority


           Subpart 1.  Law Governing Perfection and Priority

   490:9-301 Law governing perfection and priority of

             security interests

   490:9-302 Law governing perfection and priority of

             agricultural liens

   490:9-303 Law governing perfection and priority of

             security interests in goods covered by a

             certificate of title

   490:9-304 Law governing perfection and priority of

             security interests in deposit accounts

   490:9-305 Law governing perfection and priority of

             security interests in investment property

   490:9-306 Law governing perfection and priority of

             security interests in letter-of-credit rights

   490:9-307 Location of debtor


           Subpart 2.  Perfection

   490:9-308 When security interest or agricultural lien is

             perfected; continuity of perfection

   490:9-309 Security interest perfected upon attachment

   490:9-310 When filing required to perfect security interest or

             agricultural lien; security interests and

             agricultural liens to which filing provisions do not


   490:9-311 Perfection of security interests in property subject

             to certain statutes, regulations, and treaties

   490:9-312 Perfection of security interests in chattel paper,

             deposit accounts, documents, goods covered by

             documents, instruments, investment property, letter-

             of-credit rights, and money; perfection by

             permissive filing; temporary perfection without

             filing or transfer of possession

   490:9-313 When possession by or delivery to secured party

             perfects security interest without filing

   490:9-314 Perfection by control

   490:9-315 Secured party's rights on disposition of collateral

             and in proceeds

   490:9-316 Effect of change in governing law


           Subpart 3.  Priority

   490:9-317 Interests that take priority over or take free of

             security interest or agricultural lien

   490:9-318 No interest retained in right to payment that is

             sold; rights and title of seller of account or

             chattel paper with respect to creditors and


   490:9-319 Rights and title of consignee with respect to

             creditors and purchasers

   490:9-320 Buyer of goods

   490:9-321 Licensee of general intangible and lessee of goods

             in ordinary course of business

   490:9-322 Priorities among conflicting security interests in

             and agricultural liens on same collateral

   490:9-323 Future advances

   490:9-324 Priority of purchase-money security interests

   490:9-325 Priority of security interests in transferred


   490:9-326 Priority of security interests created by new debtor

   490:9-327 Priority of security interests in deposit account

   490:9-328 Priority of security interests in investment


   490:9-329 Priority of security interests in letter-of-credit


   490:9-330 Priority of purchaser of chattel paper or instrument

   490:9-331 Priority of rights of purchasers of instruments,

             documents, and securities under other articles;

             priority of interests in financial assets and

             security entitlements under article 8

   490:9-332 Transfer of money; transfer of funds from deposit


   490:9-333 Priority of certain liens arising by operation of


   490:9-334 Priority of security interests in fixtures and crops

   490:9-335 Accessions

   490:9-336 Commingled goods

   490:9-337 Priority of security interests in goods covered by

             certificate of title

   490:9-338 Priority of security interest or agricultural lien

             perfected by filed financing statement providing

             certain incorrect information

   490:9-339 Priority subject to subordination


           Subpart 4.  Rights of Bank

   490:9-340 Effectiveness of right of recoupment or set-off

             against deposit account

   490:9-341 Bank's rights and duties with respect to deposit


   490:9-342 Bank's right to refuse to enter into or disclose

             existence of control agreement


         Part 4.  Rights of Third Parties

   490:9-401 Alienability of debtor's rights

   490:9-402 Secured party not obligated on contract of debtor or

             in tort

   490:9-403 Agreement not to assert defenses against assignee

   490:9-404 Rights acquired by assignee; claims and defenses

             against assignee

   409:9-405 Modification of assigned contract

   490:9-406 Discharge of account debtor; notification of

             assignment; identification and proof of assignment;

             restrictions on assignment of accounts, chattel

             paper, payment intangibles, and promissory notes


   490:9-407 Restrictions on creation or enforcement of security

             interest in leasehold interest or in lessor's

             residual interest

   490:9-408 Restrictions on assignment of promissory notes,

             health-care-insurance receivables, and certain

             general intangibles ineffective

   490:9-409 Restrictions on assignment of letter-of-credit

             rights ineffective


         Part 5.  Filing


           Subpart 1.  Filing Office; Contents and Effectiveness

                       of Financing Statement

   490:9-501 Filing office

   490:9-502 Contents of financing statement; record of mortgage

             as financing statement; time of filing financing


   490:9-503 Name of debtor and secured party

   490:9-504 Indication of collateral

   490:9-505 Filing and compliance with other statutes and

             treaties for consignments, leases, other bailments,

             and other transactions

   490:9-506 Effect of errors or omissions

   490:9-507 Effect of certain events on effectiveness of

             financing statement

   490:9-508 Effectiveness of financing statement if new debtor

             becomes bound by security agreement

   490:9-509 Persons entitled to file a record

   490:9-510 Effectiveness of filed record

   490:9-511 Secured party of record

   490:9-512 Amendment of financing statement

   490:9-513 Termination statement

   490:9-514 Assignment of powers of secured party of record

   490:9-515 Duration and effectiveness of financing statement;

             effect of lapsed financing statement

   490:9-516 What constitutes filing; effectiveness of filing

   490:9-517 Effect of indexing errors

   490:9-518 Claim concerning inaccurate or wrongfully filed



           Subpart 2.  Duties and Operation of Filing Office

   490:9-519 Numbering, maintaining, and indexing records;

             communicating information provided in records

   490:9-520 Acceptance and refusal to accept record

   490:9-521 Uniform form of written financing statement and


   490:9-522 Maintenance and destruction of records

   490:9-523 Information from filing office; sale or license of


   490:9-524 Delay by filing office

   490:9-525 Fees

   490:9-526 Filing-office rules

   490:9-527 Duty to report


         Part 6.  Default


           Subpart 1.  Default and Enforcement of Security


   490:9-601 Rights after default; judicial enforcement;

             consignor or buyer of accounts, chattel paper,

             payment intangibles, or promissory notes

   490:9-602 Waiver and variance of rights and duties

   490:9-603 Agreement on standards concerning rights and duties

   490:9-604 Procedure if security agreement covers real property

             or fixtures

   490:9-605 Unknown debtor or secondary obligor

   490:9-606 Time of default for agricultural lien

   490:9-607 Collection and enforcement by secured party

   490:9-608 Application of proceeds of collection or

             enforcement; liability for deficiency and right to


   490:9-609 Secured party's right to take possession after


   490:9-610 Disposition of collateral after default

   490:9-611 Notification before disposition of collateral

   490:9-612 Timeliness of notification before disposition of


   490:9-613 Contents and form of notification before disposition

             of collateral:  general

   490:9-614 Contents and form of notification before disposition

             of collateral:  consumer-goods transaction

   490:9-615 Application of proceeds of disposition; liability

             for deficiency and right to surplus

   490:9-616 Explanation of calculation of surplus or deficiency

   490:9-617 Rights of transferee of collateral

   490:9-618 Rights and duties of certain secondary obligors

   490:9-619 Transfer of record or legal title

   490:9-620 Acceptance of collateral in full or partial

             satisfaction of obligation; compulsory disposition

             of collateral

   490:9-621 Notification of proposal to accept collateral

   490:9-622 Effect of acceptance of collateral

   490:9-623 Right to redeem collateral

   490:9-624 Waiver


           Subpart 2.  Noncompliance with Article

   490:9-625 Remedies for secured party's failure to comply with


   490:9-626 Action in which deficiency or surplus is in issue

   490:9-627 Determination of whether conduct was commercially


   490:9-628 Nonliability and limitation on liability of secured

             party; liability of secondary obligor


         Part 7.  Transition

   490:9-701 Effective date

   490:9-702 Savings clause

   490:9-703 Security interest perfected before effective date

   490:9-704 Security interest unperfected before effective date

   490:9-705 Effectiveness of action taken before effective date

   490:9-706 When initial financing statement suffices to

             continue effectiveness of financing statement

   490:9-707 Amendment of pre-effective-date financing statement

   490:9-708 Persons entitled to file initial financing statement

             or continuation statement

   490:9-709 Priority


         Part 8.  Transition Provisions for 2010 Amendments

   490:9-801 Effective date

   490:9-802 Savings clause

   490:9-803 Security interest perfected prior to

             July 1, 2013

   490:9-804 Security interest unperfected before

             July 1, 2013

   490:9-805 Effectiveness of action taken before

             July 1, 2013

   490:9-806 When initial financing statement suffices to

             continue effectiveness of financing statement

   490:9-807 Amendment of pre-effective-date financing


   490:9-808 Person entitled to file initial financing

             statement or continuation statement

   490:9-809 Priority




  490:10-101 Effective date

  490:10-102 Specific repealer; provision for transition

  490:10-103 General repealer

490:10-103.1 Inconsistent laws

  490:10-104 Laws not repealed





  490:11-101 Effective date

  490:11-102 Preservation of old transition provision

  490:11-103 Transition to new U.C.C.--General Rule

  490:11-104 Transition provision on change of requirement of


  490:11-105 Transition provision on change of place of filing

  490:11-106 Required refilings

  490:11-107 Transition provisions as to priorities

  490:11-108 Presumption that rule of law continues unchanged


Rules of Court


  Applicability of District Court Rules of Civil Procedure, see DCRCP rule 81(b)(5).



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