Uniform Commercial Code
U.C.C. - ARTICLE 9 - SECURED TRANSACTIONS; SALES OF ACCOUNTS AND CHATTEL
..PART 1. SHORT TITLE, APPLICABILITY AND DEFINITIONS
§ 9-106. Definitions: "Account"; "General Intangibles".
"Account" means any right to payment for goods sold or leased or for services rendered which is not evidenced by an instrument or chattel paper, whether or not it has been earned by performance. "General intangibles" means any personal property (including things in action) other than goods, accounts, chattel paper, documents, instruments, and money. All rights to payment earned or unearned under a charter or other contract involving the use or hire of a vessel and all rights incident to the charter or contract are accounts.
As amended in 1966 and 1972.
See Appendix II for material relating to changes made in text in 1972.
previous section | next section