Part 1. Short Title, Construction, Application and Subject Matter of the Title.
§ 7-1-101. Short titles.
§ 7-1-102. Scope of article.
§ 7-1-103. Construction of Uniform Commercial Code to promote its purposes and policies; applicability of supplemental principles of law.
§ 7-1-104. Construction against implied repeal.
§ 7-1-105. Severability.
§ 7-1-106. Use of singular and plural; gender.
§ 7-1-107. Section captions.
§ 7-1-108. Relation to electronic signatures in global and national commerce act.
§ 7-1-109. Section captions.
Part 2. General Definitions and Principles of Interpretation.
§ 7-1-201. General definitions.
§ 7-1-202. Notice; knowledge.
§ 7-1-203. Lease distinguished from security interest.
§ 7-1-204. Value.
§ 7-1-205. Reasonable time; seasonableness.
§ 7-1-206. Presumptions.
§ 7-1-207. Performance or acceptance under reservation of rights.
§ 7-1-208. Option to accelerate at will.
Part 3. Territorial Applicability; Parties' Power to Choose Applicable Law.
§ 7-1-301. Territorial applicability; parties' power to choose applicable law.
§ 7-1-302. Variation by agreement.
§ 7-1-303. Course of performance, course of dealing, and usage of trade.
§ 7-1-304. Obligation of good faith.
§ 7-1-305. Remedies to be liberally administered.
§ 7-1-306. Waiver or renunciation of claim or right after breach.
§ 7-1-307. Prima facie evidence by third-party documents.
§ 7-1-308. Performance or acceptance under reservation of rights.
§ 7-1-309. Option to accelerate at will.
§ 7-1-310. Subordinated obligations.
Article 2. SALES.
Part 1. Short Title, General Construction, and Subject Matter.
§ 7-2-101. Short title.
§ 7-2-102. Scope; certain security and other transactions excluded from this article.
§ 7-2-103. Definitions and index of definitions.
§ 7-2-104. Definitions: "Merchant"; "between merchants"; "financing agency."
§ 7-2-105. Definitions: "Transferability"; "goods"; "future goods"; "lot"; "commercial unit."
§ 7-2-106. Definitions: "Contract"; "agreement"; "contract for sale"; "sale"; "present sale"; "conforming" to contract; "termination"; "cancellation."
§ 7-2-107. Goods to be severed from realty; recording.
Part 2. Form, Formation, and Readjustment of Contract.
§ 7-2-201. Formal requirements; statute of frauds.
§ 7-2-202. Final written expression: Parol or extrinsic evidence.
§ 7-2-203. Seals inoperative.
§ 7-2-204. Formation in general.
§ 7-2-205. Firm offers.
§ 7-2-206. Offer and acceptance in formation of contract.
§ 7-2-207. Additional terms in acceptance or confirmation.
§ 7-2-208. Course of performance or practical construction.
§ 7-2-209. Modification, rescission and waiver.
§ 7-2-210. Delegation of performance; assignment of rights.
Part 3. General Obligation and Construction of Contract.
§ 7-2-301. General obligations of parties.
§ 7-2-302. Unconscionable contract or clause.
§ 7-2-303. Allocation or division of risks.
§ 7-2-304. Price payable in money, goods, realty, or otherwise.
§ 7-2-305. Open price term.
§ 7-2-306. Output, requirements, and exclusive dealings.
§ 7-2-307. Delivery in single lot or several lots.
§ 7-2-308. Absence of specified place for delivery.
§ 7-2-309. Absence of specific time provisions; notice of termination.
§ 7-2-310. Open time for payment or running of credit; authority to ship under reservation.
§ 7-2-311. Options and cooperation respecting performance.
§ 7-2-312. Warranty of title and against infringement; buyer's obligation against infringement.
§ 7-2-313. Express warranties by affirmation, promise, description, sample.
§ 7-2-314. Implied warranty: Merchantability; usage of trade; human blood and tissues.
§ 7-2-315. Implied warranty: Fitness for particular purpose.
§ 7-2-316. Exclusion or modification of warranties.
§ 7-2-317. Cumulation and conflict of warranties express or implied.
§ 7-2-318. Third-party beneficiaries of warranties express or implied.
§ 7-2-319. F.O.B. and F.A.S. terms.
§ 7-2-320. C.I.F. and C. & F. terms.
§ 7-2-321. C.I.F. or C. & F.: "Net landed weights"; "payment on arrival"; warranty of condition on arrival.
§ 7-2-322. Delivery "ex-ship".
§ 7-2-323. Form of bill of lading required in overseas shipment; "overseas."
§ 7-2-324. "No arrival, no sale" term.
§ 7-2-325. "Letter of credit" term; "confirmed credit."
§ 7-2-326. "Sale on approval" and "sale or return."
§ 7-2-327. Special incidents of sale on approval and sale or return.
§ 7-2-328. Sale by auction.
Part 4. Title, Creditors, and Good Faith Purchasers.
§ 7-2-401. Passing of title; reservation for security; limited application of this section.
§ 7-2-402. Rights of seller's creditors against sold goods.
§ 7-2-403. Power to transfer; good faith purchase of goods; "entrusting."
Part 5. Performance.
§ 7-2-501. Insurable interest in goods; manner of identification of goods.
§ 7-2-502. Buyer's right to goods.
§ 7-2-503. Manner of seller's tender of delivery.
§ 7-2-504. Shipment by seller.
§ 7-2-505. Seller's shipment under reservation.
§ 7-2-506. Rights of financing agency.
§ 7-2-507. Effect of seller's tender; delivery on condition.
§ 7-2-508. Cure by seller of improper tender or delivery; replacement.
§ 7-2-509. Risk of loss in the absence of breach.
§ 7-2-510. Effect of breach on risk of loss.
§ 7-2-511. Tender of payment by buyer; payment by check.
§ 7-2-512. Payment by buyer before inspection.
§ 7-2-513. Buyer's right to inspection of goods.
§ 7-2-514. When documents deliverable on acceptance; when on payment.
§ 7-2-515. Preserving evidence of goods in dispute.
Part 6. Breach, Repudiation, and Excuse.
§ 7-2-601. Buyer's rights on improper delivery.
§ 7-2-602. Manner and effect of rightful rejection.
§ 7-2-603. Merchant buyer's duties as to rightfully rejected goods.
§ 7-2-604. Buyer's options as to salvage of rightfully rejected goods.
§ 7-2-605. Waiver of buyer's objections by failure to particularize.
§ 7-2-606. What constitutes acceptance of goods.
§ 7-2-607. Effect of acceptance; notice of breach; burden of establishing breach after acceptance; notice of claim or litigation to person answerable over.
§ 7-2-608. Revocation of acceptance in whole or in part.
§ 7-2-609. Right to adequate assurance of performance.
§ 7-2-610. Anticipatory repudiation.
§ 7-2-611. Retraction of anticipatory repudiation.
§ 7-2-612. "Installment contract"; breach.
§ 7-2-613. Casualty to identified goods.
§ 7-2-615. Excuse by failure of presupposed conditions.
§ 7-2-614. Substituted performance.
§ 7-2-616. Procedure on notice claiming excuse.
Part 7. Remedies.
§ 7-2-701. Remedies for breach of collateral contracts not impaired.
§ 7-2-702. Seller's remedies on discovery of buyer's insolvency.
§ 7-2-703. Seller's remedies in general.
§ 7-2-704. Seller's right to identify goods to the contract notwithstanding breach or to salvage unfinished goods.
§ 7-2-705. Seller's stoppage of delivery in transit or otherwise.
§ 7-2-706. Seller's resale including contract for resale.
§ 7-2-707. "Person in the position of a seller."
§ 7-2-708. Seller's damages for nonacceptance or repudiation.
§ 7-2-709. Action for the price.
§ 7-2-710. Seller's incidental damages.
§ 7-2-711. Buyer's remedies in general; buyer's security interest in rejected goods.
§ 7-2-712. "Cover"; buyer's procurement of substitute goods.
§ 7-2-713. Buyer's damages for nondelivery or repudiation.
§ 7-2-714. Buyer's damages for breach in regard to accepted goods.
§ 7-2-715. Buyer's incidental and consequential damages.
§ 7-2-716. Buyer's right to specific performance or replevin.
§ 7-2-717. Deduction of damages from the price.
§ 7-2-718. Liquidation or limitation of damages; deposits.
§ 7-2-719. Contractual modification or limitation of remedy.
§ 7-2-720. Effect of "cancellation" or "rescission" on claims for antecedent breach.
§ 7-2-721. Remedies for fraud.
§ 7-2-722. Who can sue third parties for injury to goods.
§ 7-2-723. Proof of market price: Time and place.
§ 7-2-724. Admissibility of market quotations.
§ 7-2-725. Statute of limitations in contracts for sale.
Article 2A. LEASES.
Part 1. General Provisions.
§ 7-2A-101. Short title.
§ 7-2A-102. Scope.
§ 7-2A-103. Definitions and index of definitions.
§ 7-2A-104. Leases subject to other statutes.
§ 7-2A-105. Territorial application of article to goods covered by certificate of title.
§ 7-2A-106. Limitation on power of parties to consumer lease to choose applicable law and judicial forum.
§ 7-2A-107. Waiver or renunciation of claim or right after default.
§ 7-2A-108. Unconscionability.
§ 7-2A-109. Option to accelerate at will.
Part 2. Formation and Construction of Lease Contract.
§ 7-2A-201. Statute of frauds.
§ 7-2A-202. Final written expression: parol or extrinsic evidence.
§ 7-2A-203. Seals inoperative.
§ 7-2A-204. Formation in general.
§ 7-2A-205. Firm offers.
§ 7-2A-206. Offer and acceptance in formation of lease contract.
§ 7-2A-207. Course of performance or practical construction.
§ 7-2A-208. Modification, rescission and waiver.
§ 7-2A-209. Lessee under finance lease as beneficiary of supply contract.
§ 7-2A-210. Express warranties.
§ 7-2A-211. Warranties against interference and against infringement; lessee's obligation against infringement.
§ 7-2A-212. Implied warranty of merchantability.
§ 7-2A-213. Implied warranty of fitness for particular purpose.
§ 7-2A-214. Exclusion or modification of warranties.
§ 7-2A-215. Cumulation and conflict of warranties express or implied.
§ 7-2A-216. Third-party beneficiaries of express and implied warranties.
§ 7-2A-217. Identification.
§ 7-2A-218. Insurance and proceeds.
§ 7-2A-219. Risk of loss.
§ 7-2A-220. Effect of default on risk of loss.
§ 7-2A-221. Casualty to identified goods.
Part 3. Effect of Lease Contract.
§ 7-2A-301. Enforceability of lease contract.
§ 7-2A-302. Title to and possession of goods.
§ 7-2A-303. Alienability of interests, transfer of rights, etc.
§ 7-2A-304. Subsequent lease of goods by lessor.
§ 7-2A-305. Sale or sublease of goods by lessee.
§ 7-2A-306. Priority of certain liens arising by operation of law.
§ 7-2A-307. Priority over lease contract.
§ 7-2A-308. Special rights of creditors.
§ 7-2A-309. Lessor's and lessee's rights when goods become fixtures.
§ 7-2A-310. Lessor's and lessee's rights when goods become accessions.
§ 7-2A-311. Priority subject to subordination.
Part 4. Performance of Lease Contract: Repudiated, Substituted and Excused.
§ 7-2A-401. Insecurity: Adequate assurance of performance.
§ 7-2A-402. Anticipatory repudiation.
§ 7-2A-403. Retraction of anticipatory repudiation.
§ 7-2A-404. Substituted performance.
§ 7-2A-405. Excused performance.
§ 7-2A-406. Procedure on excused performance.
§ 7-2A-407. Irrevocable promises: Finance leases.
Part 5. Default.
Division A. In General.
§ 7-2A-501. Default: Procedure.
§ 7-2A-502. Notice after default.
§ 7-2A-503. Modification or impairment of rights and remedies.
§ 7-2A-504. Liquidation of damages.
§ 7-2A-505. Cancellation and termination and effect of cancellation, termination, rescission, or fraud on rights and remedies.
§ 7-2A-506. Statute of limitations.
§ 7-2A-507. Proof of market rent: Time and place.
Division B. Default by Lessor.
§ 7-2A-508. Lessee's remedies.
§ 7-2A-509. Lessee's rights on improper delivery; rightful rejection.
§ 7-2A-510. Installment lease contracts: Rejection and default.
§ 7-2A-511. Merchant lessee's duties as to rightfully rejected goods.
§ 7-2A-512. Lessee's duties as to rightfully rejected goods.
§ 7-2A-513. Cure by lessor of improper tender or delivery; replacement.
§ 7-2A-514. Waiver of lessee's objections.
§ 7-2A-515. Acceptance of goods.
§ 7-2A-516. Effect of acceptance of goods; notice of default; burden of establishing default after acceptance; notice of claim or litigation to person answerable over.
§ 7-2A-517. Revocation of acceptance of goods.
§ 7-2A-518. Cover; substitute goods.
§ 7-2A-519. Lessee's damages for nondelivery, repudiation, default, and breach of warranty in regard to accepted goods.
§ 7-2A-520. Lessee's incidental and consequential damages.
§ 7-2A-521. Lessee's right to specific performance or replevin.
§ 7-2A-522. Lessee's right to goods on lessor's insolvency.
Division C. Default by Lessee.
§ 7-2A-523. Lessor's remedies.
§ 7-2A-524. Lessor's right to identify goods to lease contract.
§ 7-2A-525. Lessor's right to possession of goods.
§ 7-2A-526. Lessor's stoppage of delivery in transit or otherwise.
§ 7-2A-527. Lessor's rights to dispose of goods.
§ 7-2A-528. Lessor's damages for nonacceptance, failure to pay, repudiation, or other default.
§ 7-2A-529. Lessor's action for the rent.
§ 7-2A-530. Lessor's incidental damages.
§ 7-2A-531. Standing to sue third parties for injury to goods.
§ 7-2A-532. Lessor's rights to residual interest.
Part 1. General Provisions and Definitions.
§ 7-3-101. Short title.
§ 7-3-103. Definitions.
§ 7-3-102. Subject matter.
§ 7-3-104. Negotiable instrument.
§ 7-3-105. Issue of instrument.
§ 7-3-106. Unconditional promise or order.
§ 7-3-107. Instrument payable in foreign money.
§ 7-3-108. Payable on demand or at definite time.
§ 7-3-109. Payable to bearer or to order.
§ 7-3-110. Identification of person to whom instrument is payable.
§ 7-3-111. Place of payment.
§ 7-3-112. Interest.
§ 7-3-113. Date of instrument.
§ 7-3-114. Contradictory terms of instrument.
§ 7-3-115. Incomplete instrument.
§ 7-3-116. Joint and several liability; contribution.
§ 7-3-117. Other agreements affecting instrument.
§ 7-3-118. Statute of limitations.
§ 7-3-119. Notice of right to defend action.
Part 2. Negotiation, Transfer, and Indorsement.
§ 7-3-201. Negotiation.
§ 7-3-202. Negotiation subject to rescission.
§ 7-3-203. Transfer of instrument; rights acquired by transfer.
§ 7-3-204. Indorsement.
§ 7-3-205. Special indorsement; blank indorsement; anomalous indorsement.
§ 7-3-206. Restrictive indorsement.
§ 7-3-207. Reacquisition.
Part 3. Enforcement of Instruments.
§ 7-3-301. Person entitled to enforce instrument.
§ 7-3-302. Holder in due course.
§ 7-3-303. Value and consideration.
§ 7-3-306. Claims to an instrument.
§ 7-3-305. Defenses and claims in recoupment.
§ 7-3-304. Overdue instrument.
§ 7-3-307. Notice of breach of fiduciary duty.
§ 7-3-308. Proof of signatures and status as holder in due course.
§ 7-3-309. Enforcement of lost, destroyed, or stolen instrument.
§ 7-3-310. Effect of instrument on obligation for which taken.
§ 7-3-311. Accord and satisfaction by use of instrument.
§ 7-3-312. Lost, destroyed, or stolen cashier's check, teller's check, or certified check.
Part 4. Liability of Parties.
§ 7-3-401. Signature.
§ 7-3-402. Signature by representative.
§ 7-3-403. Unauthorized signature.
§ 7-3-404. Impostors; fictitious payees.
§ 7-3-405. Employer's responsibility for fraudulent indorsement by employee.
§ 7-3-406. Negligence contributing to forged signature or alteration of instrument.
§ 7-3-407. Alteration.
§ 7-3-408. Drawee not liable on unaccepted draft.
§ 7-3-409. Acceptance of draft; certified check.
§ 7-3-410. Acceptance varying draft.
§ 7-3-411. Refusal to pay cashier's checks, teller's checks, and certified checks.
§ 7-3-412. Obligation of issuer of note or cashier's check.
§ 7-3-413. Obligation of acceptor.
§ 7-3-414. Obligation of drawer.
§ 7-3-415. Obligation of indorser.
§ 7-3-416. Transfer warranties.
§ 7-3-417. Presentment warranties.
§ 7-3-418. Payment or acceptance by mistake.
§ 7-3-419. Instruments signed for accommodation.
§ 7-3-420. Conversion of instrument.
Part 5. Dishonor.
§ 7-3-503. Notice of dishonor.
§ 7-3-501. Presentment.
§ 7-3-502. Dishonor.
§ 7-3-504. Excused presentment and notice of dishonor.
§ 7-3-505. Evidence of dishonor.
Part 6. Discharge and Payment.
§ 7-3-601. Discharge and effect of discharge.
§ 7-3-602. Payment.
§ 7-3-603. Tender of payment.
§ 7-3-604. Discharge by cancellation or renunciation.
§ 7-3-605. Discharge of indorsers and accommodation parties.
Part 1. General Provisions and Definitions.
§ 7-4-101. Short title.
§ 7-4-102. Applicability.
§ 7-4-103. Variation by agreement; measure of damages; action constituting ordinary care.
§ 7-4-104. Definitions and index of definitions.
§ 7-4-105. "Bank"; "depositary bank"; "payor bank"; "intermediary bank"; "collecting bank"; "presenting bank."
§ 7-4-106. Payable through or payable at bank; collecting bank.
§ 7-4-107. Separate office of bank.
§ 7-4-108. Time of receipt of items.
§ 7-4-109. Delays.
§ 7-4-110. Electronic presentment.
§ 7-4-111. Statute of limitations; accrual of action.
Part 2. Collection of Items: Depositary and Collecting Banks.
§ 7-4-201. Status of collecting bank as agent and provisional status of credits, applicability of article; item indorsed "pay any bank."
§ 7-4-202. Responsibility for collection or return; when action timely.
§ 7-4-203. Effect of instructions.
§ 7-4-204. Methods of sending and presenting; sending directly to payor bank.
§ 7-4-205. Depositary bank holder of unindorsed item.
§ 7-4-206. Transfer between banks.
§ 7-4-208. Presentment warranties.
§ 7-4-207. Transfer warranties.
§ 7-4-209. Encoding and retention warranties.
§ 7-4-210. Security interest of collecting bank in items, accompanying documents, and proceeds.
§ 7-4-211. When bank gives value for purposes of holder in due course.
§ 7-4-212. Presentment by notice of item not payable by, through, or at bank; liability of drawer or indorser.
§ 7-4-213. Medium and time of settlement by bank.
§ 7-4-214. Right of charge-back or refund; liability of collecting bank; return of item.
§ 7-4-215. Final payment of item by payor bank; when provisional debits and credits become final; when certain credits become available for withdrawal.
§ 7-4-216. Insolvency and preference.
Part 3. Collection of Items: Payor Banks.
§ 7-4-301. Deferred posting; recovery of payment by return of items; time of dishonor; return of items by payor bank.
§ 7-4-302. Payor bank's responsibility for late return of item.
§ 7-4-303. 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 Customer.
§ 7-4-401. When bank may charge customer's account.
§ 7-4-402. Bank's liability to customer for wrongful dishonor; time of determining insufficiency of account.
§ 7-4-403. Customer's right to stop payment; burden of proof of loss.
§ 7-4-404. Bank not obligated to pay check more than six months old.
§ 7-4-405. Death or incompetence of customer.
§ 7-4-406. Customer's duty to discover and report unauthorized signature or alteration.
§ 7-4-407. Payor bank's right to subrogation on improper payment.
Part 5. Collection of Documentary Drafts.
§ 7-4-501. Handling of documentary drafts; duty to send for presentment and to notify customer of dishonor.
§ 7-4-502. Presentment of "on arrival" drafts.
§ 7-4-503. Responsibility of presenting bank for documents and goods; report of reasons for dishonor; referee in case of need.
§ 7-4-504. Privilege of presenting bank to deal with goods; security interest for expenses.
Part 1. Subject Matter and Definitions.
§ 7-4A-101. Short title.
§ 7-4A-103. Payment order - Definitions.
§ 7-4A-102. Subject matter.
§ 7-4A-104. Funds transfer - Definitions.
§ 7-4A-105. Other definitions.
§ 7-4A-106. Time payment order is received.
§ 7-4A-107. Federal Reserve regulations and operating circulars.
§ 7-4A-108. Applicability to consumer transactions governed by federal law.
Part 2. Issue and Acceptance of Payment Order.
§ 7-4A-201. Security procedure.
§ 7-4A-202. Authorized and verified payment orders.
§ 7-4A-203. Unenforceability of certain verified payment orders.
§ 7-4A-204. Refund of payment and duty of customer to report with respect to unauthorized payment order.
§ 7-4A-205. Erroneous payment orders.
§ 7-4A-206. Transmission of payment order through funds-transfer or other communication system.
§ 7-4A-207. Misdescription of beneficiary.
§ 7-4A-208. Misdescription of intermediary bank or beneficiary's bank.
§ 7-4A-209. Acceptance of payment order.
§ 7-4A-210. Rejection of payment order.
§ 7-4A-211. Cancellation and amendment of payment order.
§ 7-4A-212. Liability and duty of receiving bank regarding unaccepted payment order.
Part 3. Execution of Sender's Payment Order by Receiving Bank.
§ 7-4A-301. Execution and execution date.
§ 7-4A-302. Obligations of receiving bank in execution of payment order.
§ 7-4A-303. Erroneous execution of payment order.
§ 7-4A-304. Duty of sender to report erroneously executed payment order.
§ 7-4A-305. Liability for late or improper execution or failure to execute payment order.
Part 4. Payment.
§ 7-4A-401. Payment date.
§ 7-4A-402. Obligation of sender to pay receiving bank.
§ 7-4A-403. Payment by sender to receiving bank.
§ 7-4A-404. Obligation of beneficiary's bank to pay and give notice to beneficiary.
§ 7-4A-405. Payment by beneficiary's bank to beneficiary.
§ 7-4A-406. Payment by originator to beneficiary; discharge of underlying obligation.
Part 5. Miscellaneous Provisions.
§ 7-4A-501. Variation by agreement and effect of funds-transfer system rule.
§ 7-4A-502. Creditor process served on receiving bank; setoff by beneficiary's bank.
§ 7-4A-503. Injunction or restraining order with respect to funds transfer.
§ 7-4A-504. Order in which items and payment orders may be charged to account; order of withdrawals from account.
§ 7-4A-505. Preclusion of objection to debit of customer's account.
§ 7-4A-506. Rate of interest.
§ 7-4A-507. Choice of law.
Part 6. Uniformity.
§ 7-4A-601. Uniformity of application and construction.
§ 7-5-101. Short title.
§ 7-5-102. Definitions.
§ 7-5-103. Scope.
§ 7-5-104. Formal requirements.
§ 7-5-105. Consideration.
§ 7-5-106. Issuance, amendment, cancellation, and duration.
§ 7-5-107. Confirmer, nominated person, and adviser.
§ 7-5-108. Issuer's rights and obligations.
§ 7-5-109. Fraud and forgery.
§ 7-5-110. Warranties.
§ 7-5-111. Remedies.
§ 7-5-112. Transfer of letter of credit.
§ 7-5-113. Transfer by operation of law.
§ 7-5-114. Assignment of proceeds.
§ 7-5-115. Statute of limitations.
§ 7-5-116. Choice of law and forum.
§ 7-5-117. Subrogation of issuer, applicant, and nominated person.
§ 7-5-118. Security interest of issuer or nominated person.
Part 1. General.
§ 7-7-101. Short title.
§ 7-7-102. Definitions and index of definitions.
§ 7-7-103. Relation of article to treaty or statute.
§ 7-7-104. Negotiable and nonnegotiable document of title.
§ 7-7-105. Reissuance in alternative medium.
§ 7-7-106. Control of electronic document of title.
Part 2. Warehouse Receipts: Special Provisions.
§ 7-7-201. Person that may issue a warehouse receipt; storage under bond.
§ 7-7-202. Form of warehouse receipt; effect of omission.
§ 7-7-203. Liability for nonreceipt or misdescription.
§ 7-7-204. Duty of care; contractual limitation of warehouse's liability.
§ 7-7-205. Title under warehouse receipt defeated in certain cases.
§ 7-7-206. Termination of storage at warehouse's option.
§ 7-7-207. Goods must be kept separate; fungible goods.
§ 7-7-208. Altered warehouse receipts.
§ 7-7-209. Lien of warehouse.
§ 7-7-210. Enforcement of warehouse's lien.
Part 3. Bills of Lading: Special Provisions.
§ 7-7-301. Liability for nonreceipt or misdescription; "said to contain"; "shipper's weight, load, and count"; improper handling.
§ 7-7-302. Through bills of lading and similar documents of title.
§ 7-7-303. Diversion; reconsignment; change of instructions.
§ 7-7-304. Tangible bills of lading in a set.
§ 7-7-305. Destination bills.
§ 7-7-306. Altered bills of lading.
§ 7-7-307. Lien of carrier.
§ 7-7-308. Enforcement of carrier's lien.
§ 7-7-309. Duty of care; contractual limitation of carrier's liability.
Part 4. Warehouse Receipts and Bills of Lading: General Obligations.
§ 7-7-401. Irregularities in issue of receipt or bill or conduct of issuer.
§ 7-7-402. Duplicate document of title; overissue.
§ 7-7-403. Obligation of bailee to deliver; excuse.
§ 7-7-404. No liability for good faith delivery pursuant to document of title.
Part 5. Warehouse Receipts and Bills of Lading: Negotiation and Transfer.
§ 7-7-501. Form of negotiation and requirements of due negotiation.
§ 7-7-502. Rights acquired by due negotiation.
§ 7-7-503. Document of title to goods defeated in certain cases.
§ 7-7-504. Rights acquired in absence of due negotiation; effect of diversion; stoppage of delivery.
§ 7-7-505. Indorser not guarantor for other parties.
§ 7-7-506. Delivery without indorsement: right to compel indorsement.
§ 7-7-507. Warranties on negotiation or delivery of document of title.
§ 7-7-508. Warranties of collecting bank as to documents of title.
§ 7-7-509. Adequate compliance with commercial contract.
Part 6. Warehouse Receipts and Bills of Lading: Miscellaneous Provisions.
§ 7-7-601. Lost, stolen, or destroyed documents of title.
§ 7-7-602. Judicial process against goods covered by negotiable document of title.
§ 7-7-603. Conflicting claims; interpleader.
Part 7. Miscellanous Provisions.
§ 7-7-701. Effective date.
§ 7-7-702. Repeals.
§ 7-7-703. Applicability.
§ 7-7-704. Savings clause.
Part 1. Short Title and General Matters.
§ 7-8-101. Short title.
§ 7-8-102. Definitions.
§ 7-8-103. Rules for determining whether certain obligations and interests are securities or financial assets.
§ 7-8-104. Acquisition of security or financial asset or interest therein.
§ 7-8-105. Notice of adverse claim.
§ 7-8-106. Control.
§ 7-8-107. Whether indorsement, instruction, or entitlement order is effective.
§ 7-8-108. Warranties in direct holding.
§ 7-8-109. Warranties in indirect holding.
§ 7-8-110. Applicability; choice of law.
§ 7-8-111. Clearing corporation rules.
§ 7-8-112. Creditor's legal process.
§ 7-8-113. Statute of frauds inapplicable.
§ 7-8-114. Evidentiary rules concerning certificated securities.
§ 7-8-115. Securities intermediary and others not liable to adverse claimant.
§ 7-8-116. Securities intermediary as purchaser for value.
Part 2. Issue and Issuer.
§ 7-8-201. Issuer.
§ 7-8-202. Issuer's responsibility and defenses; notice of defect or defense.
§ 7-8-203. Staleness as notice of defect or defense.
§ 7-8-204. Effect of issuer's restriction on transfer.
§ 7-8-205. Effect of unauthorized signature on security certificate.
§ 7-8-206. Completion or alteration of security certificate.
§ 7-8-207. Rights and duties of issuer with respect to registered owners.
§ 7-8-208. Effect of signature of authenticating trustee, registrar, or transfer agent.
§ 7-8-209. Issuer's lien.
§ 7-8-210. Overissue.
Part 3. Transfer of Certificated and Uncertificated Securities.
§ 7-8-301. Delivery.
§ 7-8-302. Rights of purchaser.
§ 7-8-303. Protected purchaser.
§ 7-8-304. Indorsement.
§ 7-8-305. Instruction.
§ 7-8-306. Effect of guaranteeing signature, indorsement, or instruction.
§ 7-8-307. Purchaser's right to requisites for registration of transfer.
Part 4. Registration.
§ 7-8-401. Duty of issuer to register transfer.
§ 7-8-402. Assurance that indorsement or instruction is effective.
§ 7-8-403. Demand that issuer not register transfer.
§ 7-8-404. Wrongful registration.
§ 7-8-405. Replacement of lost, destroyed, or wrongfully taken security certificate.
§ 7-8-406. Obligation to notify issuer of lost, destroyed, or wrongfully taken security certificate.
§ 7-8-407. Authenticating trustee, transfer agent, and registrar.
Part 5. Security Entitlements.
§ 7-8-501. Securities account; acquisition of security entitlement from securities intermediary.
§ 7-8-502. Assertion of adverse claim against entitlement holder.
§ 7-8-503. Property interest of entitlement holder in financial asset held by securities intermediary.
§ 7-8-504. Duty of securities intermediary to maintain financial asset.
§ 7-8-505. Duty of securities intermediary with respect to payments and distributions.
§ 7-8-506. Duty of securities intermediary to exercise rights as directed by entitlement holder.
§ 7-8-507. Duty of securities intermediary to comply with entitlement order.
§ 7-8-508. Duty of securities intermediary to change entitlement holder's position to other form of security holding.
§ 7-8-509. 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.
§ 7-8-510. Rights of purchaser of security entitlement from entitlement holder.
§ 7-8-511. Priority among security interests and entitlement holders.
Part 6. Effective Date.
§ 7-8-601. Effective date.
§ 7-8-602. Repeals.
§ 7-8-603. Savings clause.
Part 1. Short Title, Applicability and Definitions.
§ 7-9-101. Short title.
§ 7-9-102. Policy and subject matter of article.
§ 7-9-103. Perfection of security interests in multiple state transactions.
§ 7-9-104. Transactions excluded from article.
§ 7-9-105. Definitions and index of definitions.
§ 7-9-106. Definitions: "Account"; "general intangibles."
§ 7-9-107. Definitions: "Purchase money security interest."
§ 7-9-108. When after-acquired collateral not security for antecedent debt.
§ 7-9-109. Classification of goods; "consumer goods"; "equipment"; "farm products"; "inventory".
§ 7-9-110. Sufficiency of description.
§ 7-9-111. Applicability of bulk transfer laws.
§ 7-9-112. Where collateral is not owned by debtor.
§ 7-9-113. Security interests arising under the article on sales or under the article on leases.
§ 7-9-114. Consignment.
§ 7-9-115. Investment property.
§ 7-9-116. Security interest arising in purchase or delivery of financial asset.
Part 2. Validity of Security Agreement and Rights of Parties Thereto.
§ 7-9-201. General validity of security agreement.
§ 7-9-202. Title to collateral immaterial.
§ 7-9-203. Attachment and enforceability of security interest; proceeds; formal requisites.
§ 7-9-204. After-acquired property; future advances.
§ 7-9-205. Use or disposition of collateral without accounting permissible.
§ 7-9-206. Agreement not to assert defenses against assignee; modification of sales warranties where security agreement exists.
§ 7-9-207. Rights and duties when collateral is in secured party's possession.
§ 7-9-208. Request for statement of account or list of collateral.
Part 3. Rights of Third Parties; Perfected and Unperfected Security Interests; Rules of Priority.
§ 7-9-301. Persons who take priority over unperfected security interests; "lien creditor."
§ 7-9-302. When filing is required to perfect security interest; security interests to which filing provisions of this article do not apply.
§ 7-9-303. When security interest is perfected; continuity of perfection.
§ 7-9-304. Perfection of security interest in instruments, documents, proceeds of a written letter of credit, and goods covered by documents; perfection by permissive filing; temporary perfection without filing or transfer of possession.
§ 7-9-305. When possession by secured party perfects security interest without filing.
§ 7-9-306. "Proceeds"; secured party's rights on disposition of collateral.
§ 7-9-307. Protection of buyer of goods.
§ 7-9-308. Purchase of chattel paper and instruments.
§ 7-9-309. Protection of purchasers of instruments and documents.
§ 7-9-310. Priority of certain liens arising by operation of law; landlord's lien.
§ 7-9-311. Alienability of debtor's rights: Judicial process.
§ 7-9-312. Priorities among conflicting security interests in the same collateral.
§ 7-9-313. Priority of security interests in fixtures.
§ 7-9-314. Accessions.
§ 7-9-315. Priority when goods are commingled or processed.
§ 7-9-316. Priority subject to subordination.
§ 7-9-317. Secured party not obligated on contract of debtor.
§ 7-9-318. Defenses against assignee; modification of contract after notification of assignment; term prohibiting assignment ineffective; identification and proof of assignment.
Part 4. Filing.
§ 7-9-401. Place of filing; erroneous filing; removal of collateral.
§ 7-9-402. Formal requisites of financing statement; amendments; mortgage as financing statement.
§ 7-9-403. What constitutes filing; duration of filing; effect of lapsed filing; duties of filing officer.
§ 7-9-404. Termination statement.
§ 7-9-405. Assignment of security interest; duties of filing officer; fees.
§ 7-9-406. Release of collateral; duties of filing officer; fees.
§ 7-9-407. Information from filing officer.
§ 7-9-408. Financing statements covering consigned or leased goods.
§ 7-9-409. Prescribed fees in lieu of all others.
§ 7-9-410. Rules and regulations and fees to implement central filing system; user and public training as to Uniform Commercial Code and Farm Products Central Index System Program.
Part 5. Default.
§ 7-9-501. Default; procedure when security agreement covers both real and personal property.
§ 7-9-502. Collection rights of secured party.
§ 7-9-503. Secured party's right to take possession after default.
§ 7-9-504. Secured party's right to dispose of collateral after default; effect of disposition.
§ 7-9-505. Compulsory disposition of collateral; acceptance of the collateral as discharge of obligation.
§ 7-9-506. Debtor's right to redeem collateral.
§ 7-9-507. Secured party's liability for failure to comply with this part.
Division 1. Short Title, Definitions, and General Concepts.
§ 7-9A-102. Definitions and index of definitions.
§ 7-9A-101. Short title.
§ 7-9A-103. Purchase-money security interest; application of payments; burden of establishing.
§ 7-9A-104. Control of deposit account.
§ 7-9A-105. Control of electronic chattel paper.
§ 7-9A-106. Control of investment property.
§ 7-9A-107. Control of letter-of-credit right.
§ 7-9A-108. Sufficiency of description.
Division 2. Applicability of Article.
§ 7-9A-110. Security interests arising under Article 2 or 2A.
§ 7-9A-109. Scope.
Division 1. Effectiveness and Attachment.
§ 7-9A-201. General effectiveness of security agreement.
§ 7-9A-202. Title to collateral immaterial.
§ 7-9A-203. Attachment and enforceability of security interest; proceeds; supporting obligations; formal requisites.
§ 7-9A-204. After-acquired property; future advances.
§ 7-9A-205. Use or disposition of collateral permissible.
§ 7-9A-206. Security interest arising in purchase or delivery of financial asset.
Division 2. Rights and Duties.
§ 7-9A-207. Rights and duties of secured party having possession or control of collateral.
§ 7-9A-208. Additional duties of secured party having control of collateral.
§ 7-9A-209. Duties of secured party if account debtor has been notified of assignment.
§ 7-9A-210. Request for accounting; request regarding list of collateral or statement of account.
Division 1. Law Governing Perfection and Priority.
§ 7-9A-301. Law governing perfection and priority of security interests.
§ 7-9A-302. Law governing perfection and priority of agricultural liens.
§ 7-9A-303. Law governing perfection and priority of security interests in goods covered by a certificate of title.
§ 7-9A-304. Law governing perfection and priority of security interests in deposit accounts.
§ 7-9A-305. Law governing perfection and priority of security interests in investment property.
§ 7-9A-306. Law governing perfection and priority of security interests in letter-of-credit rights.
§ 7-9A-307. Location of debtor.
Division 2. Perfection.
§ 7-9A-308. When security interest or agricultural lien is perfected; continuity of perfection.
§ 7-9A-309. Security interest perfected upon attachment.
§ 7-9A-310. When filing required to perfect security interest or agricultural lien; security interests and agricultural liens to which filing provisions do not apply.
§ 7-9A-311. Perfection of security interests in property subject to certain statutes, regulations, and treaties.
§ 7-9A-312. Perfection of certain security interests by filing; temporary perfection.
§ 7-9A-313. When possession by or delivery to secured party perfects security interest without filing.
§ 7-9A-314. Perfection by control.
§ 7-9A-315. Secured party's rights on disposition of collateral and in proceeds.
§ 7-9A-316. Effect of change in governing law.
Division 3. Priority.
§ 7-9A-317. Interests that take priority over or take free of security interest or agricultural lien.
§ 7-9A-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 purchasers.
§ 7-9A-319. Rights and title of consignee with respect to creditors and purchasers.
§ 7-9A-320. Buyer of goods; Alabama Farmers Credit Protection Fund.
§ 7-9A-321. Licensee of general intangible and lessee of goods in ordinary course of business.
§ 7-9A-322. Priorities among conflicting security interests in and agricultural liens on same collateral.
§ 7-9A-323. Future advances.
§ 7-9A-324. Priority of purchase-money security interests.
§ 7-9A-325. Priority of security interests in transferred collateral.
§ 7-9A-326. Priority of security interests created by new debtor.
§ 7-9A-327. Priority of security interests in deposit account.
§ 7-9A-328. Priority of security interests in investment property.
§ 7-9A-329. Priority of security interests in letter-of-credit right.
§ 7-9A-330. Priority of purchaser of chattel paper or instrument.
§ 7-9A-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.
§ 7-9A-332. Transfer of money; transfer of funds from deposit account.
§ 7-9A-333. Priority of certain liens arising by operation of law.
§ 7-9A-334. Priority of security interests in fixtures and crops.
§ 7-9A-335. Accessions.
§ 7-9A-336. Commingled goods.
§ 7-9A-337. Priority of security interests in goods covered by certificate of title.
§ 7-9A-338. Priority of security interest or agricultural lien perfected by filed financing statement providing certain incorrect information.
§ 7-9A-339. Priority subject to subordination.
Division 4. Rights of bank.
§ 7-9A-340. Effectiveness of right of recoupment or set-off against deposit account.
§ 7-9A-341. Bank's rights and duties with respect to deposit account.
§ 7-9A-342. Bank's right to refuse to enter into or disclose existence of control agreement.
§ 7-9A-401. Alienability of debtor's rights.
§ 7-9A-402. Secured party not obligated on contract of debtor or in tort.
§ 7-9A-403. Agreement not to assert defenses against assignee.
§ 7-9A-404. Rights acquired by assignee; claims and defenses against assignee.
§ 7-9A-405. Modification of assigned contract.
§ 7-9A-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 ineffective.
§ 7-9A-407. Restrictions on creation or enforcement of security interest in leasehold interest or in lessor's residual interest.
§ 7-9A-408. Restrictions on assignment of promissory notes, health-care-insurance receivables, and certain general intangibles ineffective.
§ 7-9A-409. Restrictions on assignment of letter-of-credit rights ineffective.
Part 5. FILING.
Division 1. Filing; Contents and Effectiveness of Financing Statement.
§ 7-9A-501. Filing office.
§ 7-9A-502. Contents of financing statement; record of mortgage as financing statement; time of filing financing statement.
§ 7-9A-503. Name of debtor and secured party.
§ 7-9A-504. Indication of collateral.
§ 7-9A-505. Filing and compliance with other statutes and treaties for consignments, leases, other bailments, and other transactions.
§ 7-9A-506. Effect of errors or omissions.
§ 7-9A-507. Effect of certain events on effectiveness of financing statement.
§ 7-9A-508. Effectiveness of financing statement if new debtor becomes bound by security agreement.
§ 7-9A-509. Persons entitled to file a record.
§ 7-9A-510. Effectiveness of filed record.
§ 7-9A-511. Secured party of record.
§ 7-9A-512. Amendment of financing statement.
§ 7-9A-513. Termination statement.
§ 7-9A-514. Assignment of powers of secured party of record.
§ 7-9A-515. Duration and effectiveness of financing statement; effect of lapsed financing statement.
§ 7-9A-516. What constitutes filing; effectiveness of filing.
§ 7-9A-517. Effect of indexing errors.
§ 7-9A-518. Claim concerning inaccurate or wrongfully filed record.
Division 2. Duties and Operation of Filing Office.
§ 7-9A-519. Numbering, maintaining, and indexing records; communicating information provided in records.
§ 7-9A-520. Acceptance and refusal to accept record.
§ 7-9A-521. Uniform form of written financing statement and amendment.
§ 7-9A-522. Maintenance and destruction of records.
§ 7-9A-523. Information from filing office; sale or license of records.
§ 7-9A-524. Delay by filing office.
§ 7-9A-525. Fees.
§ 7-9A-526. Filing-office rules.
Part 6. DEFAULT.
Division 1. Default and Enforcement of Security Interest.
§ 7-9A-601. Rights after default; judicial enforcement; consignor or buyer of accounts, chattel paper, payment intangibles, or promissory notes.
§ 7-9A-602. Waiver and variance of rights and duties.
§ 7-9A-603. Agreement on standards concerning rights and duties.
§ 7-9A-604. Procedure if security agreement covers real property or fixtures.
§ 7-9A-605. Unknown debtor or secondary obligor.
§ 7-9A-606. Time of default for agricultural lien.
§ 7-9A-607. Collection and enforcement by secured party.
§ 7-9A-608. Application of proceeds of collection or enforcement; liability for deficiency and right to surplus.
§ 7-9A-609. Secured party's right to take possession after default.
§ 7-9A-610. Disposition of collateral after default.
§ 7-9A-611. Notification before disposition of collateral.
§ 7-9A-612. Timeliness of notification before disposition of collateral.
§ 7-9A-613. Contents and form of notification before disposition of collateral: General.
§ 7-9A-614. Contents and form of notification before disposition of collateral: Consumer-goods transaction.
§ 7-9A-615. Application of proceeds of disposition; liability for deficiency and right to surplus.
§ 7-9A-616. Explanation of calculation of surplus or deficiency.
§ 7-9A-617. Rights of transferee of collateral.
§ 7-9A-618. Rights and duties of certain secondary obligors.
§ 7-9A-619. Transfer of record or legal title.
§ 7-9A-620. Acceptance of collateral in full or partial satisfaction of obligation; compulsory disposition of collateral.
§ 7-9A-621. Notification of proposal to accept collateral.
§ 7-9A-622. Effect of acceptance of collateral.
§ 7-9A-623. Right to redeem collateral.
§ 7-9A-624. Waiver.
Division 2. Noncompliance with article.
§ 7-9A-625. Remedies for secured party's failure to comply with article.
§ 7-9A-626. Action in which deficiency or surplus is in issue.
§ 7-9A-627. Determination of whether conduct was commercially reasonable.
§ 7-9A-628. Nonliability and limitation on liability of secured party; liability of secondary obligor.
§ 7-9A-701. Effective date.
§ 7-9A-702. Savings clause.
§ 7-9A-703. Security interest perfected before January 1, 2002.
§ 7-9A-704. Security interest unperfected before January 1, 2002.
§ 7-9A-705. Effectiveness of action taken before January 1, 2002.
§ 7-9A-706. When initial financing statement suffices to continue effectiveness of financing statement.
§ 7-9A-707. Amendment of pre-effective-date financing statement.
§ 7-9A-708. Persons entitled to file initial financing statement or continuation statement.
§ 7-9A-709. Priority.
§ 7-9A-801. Effective date.
§ 7-9A-802. Savings clause.
§ 7-9A-803. Security interest perfected before July 1, 2014.
§ 7-9A-804. Security interest unperfected before effective date.
§ 7-9A-805. Effectiveness of action taken before effective date.
§ 7-9A-806. When initial financing statement suffices to continue effectiveness of financing statement.
§ 7-9A-807. Amendment of pre-effective date financing statement.
§ 7-9A-808. Person entitled to file initial financing statement or continuation statement.
§ 7-9A-809. Priority.
§ 7-10-101. Effective date.
§ 7-10-102. Specific repealer; provision for transition.
§ 7-10-103. General repealer.
§ 7-10-104. Laws not repealed.
§ 7-10-104. Laws not repealed.
§ 7-11-101. Effective date; definitions.
§ 7-11-102. Preservation of old transition provision.
§ 7-11-103. Transition to new U.C.C. - General rule.
§ 7-11-104. Transition provision on change of requirement of filing.
§ 7-11-105. Transition provision on change of place of filing.
§ 7-11-106. Required refilings.
§ 7-11-107. Transition provisions as to priorities.
§ 7-11-108. Presumption that rule of law continues unchanged.