6/15/1999

New York Uniform Commercial Code Locator

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This locator links to the New York statutes that correspond to Articles and sections of the Uniform Commercial Code.

• Article 1: General Provisions
• Article 2: Sales
• Article 2A: Leases
• Article 3: Commercial Paper
• Article 4: Bank Deposits and Collections
• Article 4A: Funds Transfers
• Article 5: Letters of Credit
• Article 6: Bulk Transfers
• Article 7: Warehouse Receipts, Bills of Lading and Other Documents of Title
• Article 8: Investment Securities
• Article 9: Secured Transactions; Sales of Accounts and Chattel Paper

Index to the N.Y. Uniform Commercial Code

Article 1: General Provisions

PART 1

• Sec 1--101. Short Title.
• Sec 1--102. Purposes; Rules of Construction; Variation by
• Sec 1--103. Supplementary General Principles of Law
• Sec 1--104. Construction Against Implicit Repeal.
• Sec 1--105. Territorial Application of the Act; Parties' Power to Choo se
• Sec 1--106. Remedies to Be Liberally Administered.
• Sec 1--107. Waiver or Renunciation of Claim or Right After
• Sec 1--108. Severability.
• Sec 1--109. Section Captions.

  PART 2

• Sec 1--201. General Definitions.
• Sec 1--202. Prima Facie Evidence by Third Party Documents.
• Sec 1--203. Obligation of Good Faith.
• Sec 1--204. Time; Reasonable Time; "Seasonably".
• Sec 1--205. Course of Dealing and Usage of Trade.
• Sec 1--206. Statute of Frauds for Kinds of Personal Property Not
• Sec 1--207. Performance or Acceptance Under Reservation of
• Sec 1--208. Option to Accelerate at Will.
• Sec 1-209. Subordinated obligations.

Article 2: Sales

PART 1

• Sec 2--101. Short Title.
• Sec 2--102. Scope; Certain Security and Other Transactions
• Sec 2--103. Definitions and Index of Definitions.
• Sec 2--104. Definitions: "Merchant"; "Between Merchants";
• Sec 2--105. Definitions: Transferability; "Goods"; "Future" Goods;
• Sec 2--106. Definitions.
• Sec 2--107. Goods to Be Severed From Realty: Recording.

  PART 2

• Sec 2--201. Formal Requirements; Statute of Frauds.
• Sec 2--202. Final Written Expression: Parol or Extrinsic
• Sec 2--203. Seals Inoperative.
• Sec 2--204. Formation in General.
• Sec 2--205. Firm Offers.
• Sec 2--206. Offer and Acceptance in Formation of Contract.
• Sec 2--207. Additional Terms in Acceptance or Confirmation.
• Sec 2--208. Course of Performance or Practical
• Sec 2--209. Modification, Rescission and Waiver.
• Sec 2--210. Delegation of Performance; Assignment of Rights.

  PART 3

• Sec 2--301. General Obligations of Parties.
• Sec 2--302. Unconscionable Contract or Clause.
• Sec 2--303. Allocation or Division of Risks.
• Sec 2--304. Price Payable in Money, Goods, Realty, or
• Sec 2--305. Open Price Term.
• Sec 2--306. Output, Requirements and Exclusive Dealings.
• Sec 2--307. Delivery in Single Lot or Several Lots.
• Sec 2--308. Absence of Specified Place for Delivery.
• Sec 2--309. Absence of Specific Time Provisions; Notice of
• Sec 2--310. Open Time for Payment or Running of Credit;
• Sec 2--311. Options and Cooperation Respecting Performance.
• Sec 2--312. Warranty of Title and Against Infringement;
• Sec 2--313. Express Warranties by Affirmation, Promise,
• Sec 2--314. Implied Warranty: Merchantability; Usage of
• Sec 2--315. Implied Warranty: Fitness for Particular
• Sec 2--316. Exclusion or Modification of Warranties.
• Sec 2--317. Cumulation and Conflict of Warranties Express
• Sec 2--318. Third Party Beneficiaries of Warranties Express
• Sec 2--319. F.
• Sec 2--320. C.
• Sec 2--321. C.
• Sec 2--322. Delivery "Ex-Ship".
• Sec 2--323. Form of Bill of Lading Required in Overseas
• Sec 2--324. "No Arrival, No Sale" Term.
• Sec 2--325. "Letter of Credit" term; "Confirmed Credit".
• Sec 2--326. Sale on Approval and Sale or Return; Consignment Sales
• Sec 2--327. Special Incidents of Sale on Approval and Sale
• Sec 2--328. Sale by Auction.

  PART 4

• Sec 2--401. Passing of Title; Reservation for Security;
• Sec 2--402. Rights of Seller's Creditors Against Sold Goods.
• Sec 2--403. Power to Transfer; Good Faith Purchase of Goods;

  PART 5

• Sec 2--501. Insurable Interest in Goods; Manner of
• Sec 2--502. Buyer's Right to Goods on Seller's Insolvency.
• Sec 2--503. Manner of Seller's Tender of Delivery.
• Sec 2--504. Shipment by Seller.
• Sec 2--505. Seller's Shipment Under Reservation.
• Sec 2--506. Rights of Financing Agency.
• Sec 2--507. Effect of Seller's Tender; Delivery on
• Sec 2--508. Cure by Seller of Improper Tender or Delivery;
• Sec 2--509. Risk of Loss in the Absence of Breach.
• Sec 2--510. Effect of Breach on Risk of Loss.
• Sec 2--511. Tender of Payment by Buyer; Payment by Check.
• Sec 2--512. Payment by Buyer Before Inspection.
• Sec 2--513. Buyer's Right to Inspection of Goods.
• Sec 2--514. When Documents Deliverable on Acceptance; When on
• Sec 2--515. Preserving Evidence of Goods in Dispute.

  PART 6

• Sec 2--601. Buyer's Rights on Improper Delivery.
• Sec 2--602. Manner and Effect of Rightful Rejection.
• Sec 2--603. Merchant Buyer's Duties as to Rightfully
• Sec 2--604. Buyer's Options as to Salvage of Rightfully
• Sec 2--605. Waiver of Buyer's Objections by Failure to Particularize.
• Sec 2--606. What Constitutes Acceptance of Goods.
• Sec 2--607. Effect of Acceptance; Notice of Breach; Burden of
• Sec 2--608. Revocation of Acceptance in Whole or in Part.
• Sec 2--609. Right to Adequate Assurance of Performance.
• Sec 2--610. Anticipatory Repudiation.
• Sec 2--611. Retraction of Anticipatory Repudiation.
• Sec 2--612. "Installment Contract"; Breach.
• Sec 2--613. Casualty to Identified Goods.
• Sec 2--614. Substituted Performance.
• Sec 2--615. Excuse by Failure of Presupposed Conditions.
• Sec 2--616. Procedure on Notice Claiming Excuse.

  PART 7

• Sec 2--701. Remedies for Breach of Collateral Contracts Not
• Sec 2--702. Seller's Remedies on Discovery of Buyer's
• Sec 2--703. Seller's Remedies in General.
• Sec 2--704. Seller's Right to Identify Goods to the Contract
• Sec 2--705. Seller's Stoppage of Delivery in Transit or
• Sec 2--706. Seller's Resale Including Contract for Resale.
• Sec 2--707. "Person in the Position of a Seller".
• Sec 2--708. Seller's Damages for Non-acceptance or Repudiation.
• Sec 2--709. Action for the Price.
• Sec 2--710. Seller's Incidental Damages.
• Sec 2--711. Buyer's Remedies in General; Buyer's Security
• Sec 2--712. "Cover"; Buyer's Procurement of Substitute
• Sec 2--713. Buyer's Damages for Non-Delivery or Repudiation.
• Sec 2--714. Buyer's Damages for Breach in Regard to Accepted
• Sec 2--715. Buyer's Incidental and Consequential Damages.
• Sec 2--716. Buyer's Right to Specific Performance or
• Sec 2--717. Deduction of Damages From the Price.
• Sec 2--718. Liquidation or Limitation of Damages; Deposits.
• Sec 2--719. Contractual Modification or Limitation of
• Sec 2--720. Effect of "Cancellation" or "Rescission" on
• Sec 2--721. Remedies for Fraud.
• Sec 2--722. Who Can Sue Third Parties for Injury to Goods.
• Sec 2--723. Proof of Market Price: Time and Place.
• Sec 2--724. Admissibility of Market Quotations.
• Sec 2--725. Statute of Limitations in Contracts for Sale.

Article 2A: Leases

* PART 1

• * Sec 2-A-101. Short Title.
• * Sec 2-A-102. Scope.
• * Sec 2-A-103. Definitions and Index of Definitions.
• * Sec 2-A-104. Leases Subject to Other Law.
• * Sec 2-A-105. Territorial Application of Article to Goods Covered
• * Sec 2-A-106. Limitation on Power of Parties to Consumer Lease to
• * Sec 2-A-107. Waiver or Renunciation of Claim or Right After
• * Sec 2-A-108. Unconscionability.
• * Sec 2-A-109. Option to Accelerate at Will.

* PART 2

• * Sec 2-A-201. Statute of Frauds.
• * Sec 2-A-202. Final Written Expression: Parol or Extrinsic
• * Sec 2-A-203. Seals Inoperative.
• * Sec 2-A-204. Formation in General.
• * Sec 2-A-205. Firm Offers.
• * Sec 2-A-206. Offer and Acceptance in Formation of Lease Contract.
• * Sec 2-A-207. Course of Performance or Practical Construction.
• * Sec 2-A-208. Modification, Rescission and Waiver.
• * Sec 2-A-209. Lessee Under Finance Lease as Beneficiary of Supply
• * Sec 2-A-210. Express Warranties.
• * Sec 2-A-211. Warranties Against Interference and Against
• * Sec 2-A-212. Implied Warranty of Merchantability.
• * Sec 2-A-213. Implied Warranty of Fitness for Particular Purpose.
• * Sec 2-A-214. Exclusion or Modification of Warranties.
• * Sec 2-A-215. Cumulation and Conflict of Warranties Express or
• * Sec 2-A-216. Third-Party Beneficiaries of Express or Implied
• * Sec 2-A-217. Identification.
• * Sec 2-A-218. Insurance and Proceeds.
• * Sec 2-A-219. Risk of Loss.
• * Sec 2-A-220. Effect of Default on Risk of Loss.
• * Sec 2-A-221. Casualty to Identified Goods.

*PART 3

• * Sec 2-A-301. Enforceability of Lease Contract.
• * Sec 2-A-302. Title to and Possession of Goods.
• * Sec 2-A-303. Alienability of Party's Interest Under Lease Contract
• * Sec 2-A-304. Subsequent Lease of Goods by Lessor.
• * Sec 2-A-305. Sale or Sublease of Goods by Lessee.
• * Sec 2-A-306. Priority of Certain Liens Arising by Operation of
• * Sec 2-A-307. Priority of Liens Arising by Attachment or Levy on,
• * Sec 2-A-308. Special Rights of Creditors.
• * Sec 2-A-309. Lessor's and Lessee's Rights When Goods Become
• * Sec 2-A-310. Lessor's and Lessee's Rights When Goods Become Acces-
• * Sec 2-A-311. Priority Subject to Subordination.

* PART 4

• * Sec 2-A-401. Insecurity: Adequate Assurance of Performance.
• * Sec 2-A-402. Anticipatory Repudiation.
• * Sec 2-A-403. Retraction of Anticipatory Repudiation.
• * Sec 2-A-404. Substituted Performance.
• * Sec 2-A-405. Excused Performance.
• * Sec 2-A-406. Procedure on Excused Performance.
• * Sec 2-A-407. Irrevocable Promises: Finance Leases.

* PART 5

* A. IN GENERAL

• * Sec 2-A-502. Notice After Default.
• * Sec 2-A-503. Modification or Impairment of Rights and Remedies.
• * Sec 2-A-504. Liquidation of Damages.
• * Sec 2-A-505. Cancellation and Termination and Effect of
• * Sec 2-A-506. Statute of Limitations.
• * Sec 2-A-507. Proof of Market Rent: Time and Place.

* B. DEFAULT BY LESSOR

• * Sec 2-A-509. Lessee's Rights on Improper Delivery: Rightful
• * Sec 2-A-510. Installment Lease Contracts: Rejection and Default.
• * Sec 2-A-511. Merchant Lessee's Duties as to Rightfully Rejected
• * Sec 2-A-512. Lessee's Duties as to Rightfully Rejected Goods.
• * Sec 2-A-513. Cure by Lessor of Improper Tender or Delivery;
• * Sec 2-A-514. Waiver of Lessee's Objections.
• * Sec 2-A-515. Acceptance of Goods.
• * Sec 2-A-516. Effect of Acceptance of Goods; Notice of Default;
• * Sec 2-A-517. Revocation of Acceptance of Goods.
• * Sec 2-A-518. Cover; Substitute Goods.
• * Sec 2-A-519. Lessee's Damages for Non-delivery, Repudiation,
• * Sec 2-A-520. Lessee's Incidental and Consequential Damages.
• * Sec 2-A-521. Lessee's Right to Specific Performance or Replevin.
• * Sec 2-A-522. Lessee's Right to Goods on Lessor's Insolvency.

* C. DEFAULT BY LESSEE

• * Sec 2-A-524. Lessor's Right to Identify Goods to Lease Contract.
• * Sec 2-A-525. Lessor's Right to Possession of Goods.
• * Sec 2-A-526. Lessor's Stoppage of Delivery in Transit or
• * Sec 2-A-527. Lessor's Rights to Dispose of Goods.
• * Sec 2-A-528. Lessor's Damages for Non-acceptance, Failure to Pay,
• * Sec 2-A-529. Lessor's Action for the Rent.
• * Sec 2-A-530. Lessor's Incidental Damages.
• * Sec 2-A-531. Standing to Sue Third Parties for Injury to Goods.
• * Sec 2-A-532. Lessor's Rights to Residual Interest.

Article 3: Commercial Paper

PART 1

• Sec 3--101. Short Title.
• Sec 3--102. Definitions and Index of Definitions.
• Sec 3--103. Limitations on Scope of Article.
• Sec 3--104. Form of Negotiable Instruments; "Draft"; "Check";
• Sec 3--105. When Promise or Order Unconditional.
• Sec 3--106. Sum Certain.
• Sec 3--107. Money.
• Sec 3--108. Payable on Demand.
• Sec 3--109. Definite Time.
• Sec 3--110. Payable to Order.
• Sec 3--111. Payable to Bearer.
• Sec 3--112. Terms and Omissions Not Affecting Negotiability.
• Sec 3--113. Seal.
• Sec 3--114. Date, Antedating, Postdating.
• Sec 3--115. Incomplete Instruments.
• Sec 3--116. Instruments Payable to Two or More Persons.
• Sec 3--117. Instruments Payable With Words of Description.
• Sec 3--118. Ambiguous Terms and Rules of Construction.
• Sec 3--119. Other Writings Affecting Instrument.
• Sec 3--120. Instruments "Payable Through" Bank.
• Sec 3--121. Instruments Payable at Bank.
• Sec 3--122. Accrual of Cause of Action.

  PART 2

• Sec 3--201. Transfer: Right to Indorsement.
• Sec 3--202. Negotiation.
• Sec 3--203. Wrong or Misspelled Name.
• Sec 3--204. Special Indorsement; Blank Indorsement.
• Sec 3--205. Restrictive Indorsements.
• Sec 3--206. Effect of Restrictive Indorsement.
• Sec 3--207. Negotiation Effective Although It May Be
• Sec 3--208. Reacquisition.

PART 3

• Sec 3--301. Rights of a Holder.
• Sec 3--302. Holder in Due Course.
• Sec 3--303. Taking for Value.
• Sec 3--304. Notice to Purchaser.
• Sec 3--305. Rights of a Holder in Due Course.
• Sec 3--306. Rights of One Not Holder in Due Course.
• Sec 3--307. Burden of Establishing Signatures, Defenses and

  PART 4

• Sec 3--401. Signature.
• Sec 3--402. Signature in Ambiguous Capacity.
• Sec 3--403. Signature by Authorized Representative.
• Sec 3--404. Unauthorized Signatures.
• Sec 3--405. Impostors; Signature in Name of Payee.
• Sec 3--406. Negligence Contributing to Alteration or
• Sec 3--407. Alteration.
• Sec 3--408. Consideration.
• Sec 3--409. Draft Not an Assignment.
• Sec 3--410. Definition and Operation of Acceptance.
• Sec 3--411. Certification of a Check.
• Sec 3--412. Acceptance Varying Draft.
• Sec 3--413. Contract of Maker, Drawer and Acceptor.
• Sec 3--414. Contract of Indorser; Order of Liability.
• Sec 3--415. Contract of Accommodation Party.
• Sec 3--416. Contract of Guarantor.
• Sec 3--417. Warranties on Presentment and Transfer.
• Sec 3--418. Finality of Payment or Acceptance.
• Sec 3--419. Conversion of Instrument; Innocent

PART 5

• Sec 3--501. When Presentment, Notice of Dishonor, and
• Sec 3--502. Unexcused Delay; Discharge.
• Sec 3--503. Time of Presentment.
• Sec 3--504. How Presentment Made.
• Sec 3--505. Rights of Party to Whom Presentment Is Made.
• Sec 3--506. Time Allowed for Acceptance or Payment.
• Sec 3--507. Dishonor; Holder's Right of Recourse; Term Allowing
• Sec 3--508. Notice of Dishonor.
• Sec 3--509. Protest; Noting for Protest.
• Sec 3--510. Evidence of Dishonor and Notice of Dishonor.
• Sec 3--511. Waived or Excused Presentment, Protest or Notice

  PART 6

• Sec 3--601. Discharge of Parties.
• Sec 3--602. Effect of Discharge Against Holder in Due
• Sec 3--603. Payment or Satisfaction.
• Sec 3--604. Tender of Payment.
• Sec 3--605. Cancellation and Renunciation.
• Sec 3--606. Impairment of Recourse or of Collateral.

  PART 7

• Sec 3--701. Letter of Advice of International Sight Draft.

PART 8

• Sec 3--801. Drafts in a Set.
• Sec 3--802. Effect of Instrument on Obligation for Which It
• Sec 3--803. Notice to Third Party.
• Sec 3--804. Lost, Destroyed or Stolen Instruments.
• Sec 3--805. Instruments Not Payable to Order or to Bearer.

Article 4: Bank Deposits and Collections

PART 1

• Sec 4--101. Short Title.
• Sec 4--102. Applicability.
• Sec 4--103. Variation by Agreement;
• Sec 4--104. Definitions and Index of Definitions.
• Sec 4--105. "Depositary Bank"; "Intermediary Bank";
• Sec 4--106. Separate Office of a Bank.
• Sec 4--107. Time of Receipt of Items.
• Sec 4--108. Delays.
• Sec 4--109. Process of Posting.

PART 2

• Sec 4--201. Presumption and Duration of Agency Status of
• Sec 4--202. Responsibility for Collection; When Action
• Sec 4--203. Effect of Instructions.
• Sec 4--204. Methods of Sending and Presenting; Sending
• Sec 4--205. Supplying Missing Indorsement; No Notice From
• Sec 4--206. Transfer Between Banks.
• Sec 4--207. Warranties of Customer and Collecting Bank on
• Sec 4--208. Security Interest of Collecting Bank in Items,
• Sec 4--209. When Bank Gives Value for Purposes of Holder
• Sec 4--210. Presentment by Notice of Item Not Payable by,
• Sec 4--211. Media of Remittance; Provisional and Final
• Sec 4--212. Right of Charge-Back or Refund.
• Sec 4--213. Final Payment of Item by Payor Bank; When
• Sec 4--214. Insolvency and Preference.

PART 3

• Sec 4--301. Deferred Posting; Recovery of Payment by
• Sec 4--302. Payor Bank's Responsibility for Late Return of
• Sec 4--303. When Items Subject to Notice, Stop-Order,

PART 4

• Sec 4--401. When Bank May Charge Customer's Account.
• Sec 4--402. Bank's Liability to Customer for Wrongful
• Sec 4--403. Customer's Right to Stop Payment; Burden of Proof of Loss.
• Sec 4--404. Bank Not Obligated to Pay Check More Than Six
• Sec 4--405. Death or Incompetence of Customer.
• Sec 4--406. Customer's Duty to Discover and Report
• Sec 4--407. Payor Bank's Right to Subrogation on Improper
• Sec 4-408. Rights and Liabilities of Remitter or Payee With Respect to

PART 5

• Sec 4--501. Handling of Documentary Drafts; Duty to Send for
• Sec 4--502. Presentment of "On Arrival" Drafts.
• Sec 4--503. Responsibility of Presenting Bank for Documents
• Sec 4--504. Privilege of Presenting Bank to Deal With Goods;

Article 4A: Funds Transfers

PART 1

• Sec 4-A-101. Short Title.
• Sec 4-A-102. Subject Matter.
• Sec 4-A-103. Payment Order-Definitions.
• Sec 4-A-104. Funds Transfer-Definitions.
• Sec 4-A-105. Other Definitions.
• Sec 4-A-106. Time Payment Order is Received.
• Sec 4-A-107. Federal Reserve Regulations and Operating Circulars.
• Sec 4-A-108. Exclusion of Consumer Transactions Governed by Federal

PART 2

• Sec 4-A-201. Security Procedure.
• Sec 4-A-202. Authorized and Verified Payment Orders.
• Sec 4-A-203. Unenforceability of Certain Verified Payment Orders.
• Sec 4-A-204. Refund of Payment and Duty of Customer to Report With
• Sec 4-A-205. Erroneous Payment Orders.
• Sec 4-A-206. Transmission of Payment Order Through Funds-Transfer or
• Sec 4-A-207. Misdescription of Beneficiary.
• Sec 4-A-208. Misdescription of Intermediary Bank or Beneficiary's Bank.
• Sec 4-A-209. Acceptance of Payment Order.
• Sec 4-A-210. Rejection of Payment Order.
• Sec 4-A-211. Cancellation and Amendment of Payment Order.
• Sec 4-A-212. Liability and Duty of Receiving Bank Regarding

PART 3

• Sec 4-A-301. Execution and Execution Date.
• Sec 4-A-302. Obligations of Receiving Bank in Execution of Payment
• Sec 4-A-303. Erroneous Execution of Payment Order.
• Sec 4-A-304. Duty of Sender to Report Erroneously Executed Payment
• Sec 4-A-305. Liability for Late or Improper Execution or Failure to

PART 4

• Sec 4-A-401. Payment Date.
• Sec 4-A-402. Obligation of Sender to Pay Receiving Bank.
• Sec 4-A-403. Payment by Sender to Receiving Bank.
• Sec 4-A-404. Obligation of Beneficiary's Bank to Pay and Give Notice to
• Sec 4-A-405. Payment by Beneficiary's Bank to Beneficiary.
• Sec 4-A-406. Payment by Originator to Beneficiary; Discharge of

PART 5

• Sec 4-A-501. Variation by Agreement and Effect of Funds-Transfer System
• Sec 4-A-502. Creditor Process Served on Receiving Bank; Set Off by
• Sec 4-A-503. Injunction or Restraining Order With Respect to Funds
• Sec 4-A-504. Order in Which Items and Payment Orders May Be Charged to
• Sec 4-A-505. Preclusion of Objection to Debit of Customer's Account.
• Sec 4-A-506. Rate of Interest.
• Sec 4-A-507. Choice of Law.

Article 5: Letters of Credit

• Sec 5--101. Short Title.
• Sec 5--102. Scope.
• Sec 5--103. Definitions.
• Sec 5--104. Formal Requirements; Signing.
• Sec 5--105. Consideration.
• Sec 5--106. Time and Effect of Establishment of Credit.
• Sec 5--107. Advice of Credit; Confirmation; Error in
• Sec 5--108. "Notation Credit"; Exhaustion of Credit.
• Sec 5--109. Issuer's Obligation to Its Customer.
• Sec 5--110. Availability of Credit in Portions; Presenter's
• Sec 5--111. Warranties on Transfer and Presentment.
• Sec 5--112. Time Allowed for Honor or Rejection;
• Sec 5--113. Indemnities.
• Sec 5--114. Issuer's Duty and Privilege to Honor; Right to
• Sec 5--115. Remedy for Improper Dishonor or Anticipatory
• Sec 5--116. Transfer and Assignment.
• Sec 5--117. Insolvency of Bank Holding Funds for Documentary

Article 6: Bulk Transfers

• Sec 6--101. Short Title.
• Sec 6--102. "Bulk Transfer"; Transfers of Equipment;
• Sec 6--103. Transfers Excepted From This Article.
• Sec 6--104. Schedule of Property; List of Creditors.
• Sec 6--105. Notice to Creditors.
• Sec 6--107. The Notice.
• Sec 6--108. Auction Sales; "Auctioneer".
• Sec 6--109. What Creditors Protected.
• Sec 6--110. Subsequent Transfers.
• Sec 6--111. Limitation of Actions and Levies.
• Sec 6-112. Liability of transferee for sales and

Article 7: Warehouse Receipts, Bills of Lading and Other Documents of Title

PART 1

• Sec 7--101. Short Title.
• Sec 7--102. Definitions and Index of Definitions.
• Sec 7--103. Relation of Article to Treaty, Statute, Tariff,
• Sec 7--104. Negotiable and Non-Negotiable Warehouse Receipt,
• Sec 7--105. Construction Against Negative Implication.

PART 2

• Sec 7--201. Who May Issue a Warehouse Receipt; Storage Under
• Sec 7--202. Form of Warehouse Receipt; Essential Terms;
• Sec 7--203. Liability for Non-Receipt or Misdescription.
• Sec 7--204. Duty of Care; Contractual Limitation of
• Sec 7--205. Title Under Warehouse Receipt Defeated in
• Sec 7--206. Termination of Storage at Warehouseman's Option.
• Sec 7--207. Goods Must Be Kept Separate; Fungible Goods.
• Sec 7--208. Altered Warehouse Receipts.
• Sec 7--209. Lien of Warehouseman.
• Sec 7--210. Enforcement of Warehouseman's Lien.
• Sec 7-211. Proceeding to Determine Validity of Lien.

PART 3

• Sec 7--301. Liability For Non-Receipt or Misdescription; "Said to
• Sec 7--302. Through Bills of Lading and Similar Documents.
• Sec 7--303. Diversion; Reconsignment; Change of Instructions.
• Sec 7--304. Bills of Lading in a Set.
• Sec 7--305. Destination Bills.
• Sec 7--306. Altered Bills of Lading.
• Sec 7--307. Lien of Carrier.
• Sec 7--308. Enforcement of Carrier's Lien.
• Sec 7--309. Duty of Care; Contractual Limitation of Carrier's

PART 4

• Sec 7--401. Irregularities in Issue of Receipt or Bill or Conduct
• Sec 7--402. Duplicate Receipt or Bill; Overissue.
• Sec 7--403. Obligation of Warehouseman or Carrier to Deliver;
• Sec 7--404. No Liability for Good Faith Delivery Pursuant to

PART 5

• Sec 7--501. Form of Negotiation and Requirements of "Due
• Sec 7--502. Rights Acquired by Due Negotiation.
• Sec 7--503. Document of Title to Goods Defeated in Certain Cases.
• Sec 7--504. Rights Acquired in the Absence of Due Negotiation;
• Sec 7--505. Indorser Not a Guarantor for Other Parties.
• Sec 7--506. Delivery Without Indorsement: Right to Compel
• Sec 7--507. Warranties on Negotiation or Transfer of Receipt or
• Sec 7--508. Warranties of Collecting Bank as to Documents.
• Sec 7--509. Receipt or Bill: When Adequate Compliance with

PART 6

• Sec 7--601. Lost and Missing Documents.
• Sec 7--602. Attachment of Goods Covered by a Negotiable
• Sec 7--603. Conflicting Claims; Interpleader.

Article 8: Investment Securities

PART 1

• Sec 8--101. Short Title.
• Sec 8--102. Definitions and Index of Definitions.
• Sec 8--103. Issuer's Lien.
• Sec 8--104. Effect of Overissue; "Overissue."
• Sec 8--105. Certificated Securities Negotiable; Statements and
• Sec 8--105. Certificated Securities Negotiable; Statements and
• Sec 8--106. Applicability.
• Sec 8--107. Securities Transferable; Action for Price.
• Sec 8-108. Registration of Pledge and Release of Uncertificated

  PART 2

• Sec 8--201. "Issuer."
• Sec 8--202. Issuer's Responsibility and Defenses; Notice of
• Sec 8--203. Staleness as Notice of Defects or Defenses.
• Sec 8--204. Effect of Issuer's Restrictions on Transfer.
• Sec 8--205. Effect of Unauthorized Signature on Certificated Security
• Sec 8--206. Completion or Alteration of Certificated Security or
• Sec 8--207. Rights and Duties of Issuer With Respect to
• Sec 8--208. Effect of Signature of Authenticating Trustee,

  PART 3

• Sec 8--301. Rights Acquired by Purchaser.
• Sec 8--302. "Bona Fide Purchaser"; "Adverse Claim"; Title
• Sec 8--303. "Broker."
• Sec 8--304. Notice to Purchaser of Adverse Claims.
• Sec 8--305. Staleness as Notice of Adverse Claims.
• Sec 8--306. Warranties on Presentment and Transfer of Certificated
• Sec 8--307. Effect of Delivery Without Indorsement; Right to
• Sec 8--308. Indorsements; Instructions.
• Sec 8--309. Effect of Indorsement Without Delivery.
• Sec 8--310. Indorsement of Certificated Security in Bearer Form.
• Sec 8--311. Effect of Unauthorized Indorsement or Instruction.
• Sec 8--312. Effect of Guaranteeing Signature, Indorsement or
• Sec 8--313. When Transfer to the Purchaser Occurs; Financial
• Sec 8--314. Duty to Transfer, When Completed.
• Sec 8--315. Action Against Transferee Based Upon Wrongful Transfer.
• Sec 8--316. Purchaser's Right to Requisites for Registration of
• Sec 8--317. Creditors' Rights.
• Sec 8--318. No Conversion by Good Faith Conduct.
• Sec 8--319. Statute of Frauds.
• Sec 8--320. Transfer or Pledge Within a Central Depository System.
• Sec 8--321. Enforceability, Attachment, Perfection and Termination

  PART 4

• Sec 8--401. Duty of Issuer to Register Transfer, Pledge or Release.
• Sec 8--402. Assurance That Indorsements and Instructions Are
• Sec 8--403. Issuer's Duty as to Adverse Claims.
• Sec 8--404. Liability and Non-Liability For Registration.
• Sec 8--405. Lost, Destroyed and Stolen Certificated Securities.
• Sec 8--406. Duty of Authenticating Trustee, Transfer Agent or
• Sec 8--407. Exchangeability of Securities.
• Sec 8--408. Statements of Uncertificated Securities.

Article9: Secured Transactions

PART 1

• Sec 9--101. Short Title.
• Sec 9--102. Policy and Subject Matter of Article.
• Sec 9-103. Perfection of Security Interests in Multiple State
• Sec 9--104. Transactions Excluded From Article.
• Sec 9--105. Definitions and Index of Definitions.
• Sec 9--106. Definitions: "Account"; "General Intangibles".
• Sec 9--107. Definitions: "Purchase Money Security
• Sec 9--108. When After-Acquired Collateral Not Security for
• Sec 9--109. Classification of Goods; "Consumer Goods";
• Sec 9--110. Sufficiency of Description.
• Sec 9--111. Applicability of Bulk Transfer Laws.
• Sec 9--112. Where Collateral Is Not Owned by Debtor.
• * Sec 9--113. Security Interests Arising Under Article on Sales.
• Sec 9-114. Consignment.

  PART 2

• Sec 9--201. General Validity of Security Agreement.
• Sec 9--202. Title to Collateral Immaterial.
• Sec 9--203. Attachment and Enforceability of Security Interest;
• Sec 9--204. After-Acquired Property; Future Advances.
• Sec 9--205. Use or Disposition of Collateral Without
• Sec 9--206. Agreement Not to Assert Defenses Against
• Sec 9--207. Rights and Duties When Collateral Is in Secured Party's
• Sec 9--208. Request for Statement of Account or List of

  PART 3

• Sec 9--301. Persons Who Take Priority Over Unperfected Security
• Sec 9--302. When Filing Is Required to Perfect Security Interest;
• Sec 9--303. When Security Interest is Perfected; Continuity of
• Sec 9--304. Perfection of Security Interest in Instruments, Documents
• Sec 9--305. When Possession by Secured Party Perfects Security
• Sec 9--306. "Proceeds"; Secured Party's Rights on Disposition of
• Sec 9--307. Protection of Buyers of Goods.
• Sec 9--308. Purchase of Chattel Paper and Instruments.
• Sec 9--309. Protection of Purchasers of Instruments, Documents
• Sec 9--310. Priority of Certain Liens Arising by Operation
• Sec 9--311. Alienability of Debtor's Rights: Judicial
• Sec 9--312. Priorities Among Conflicting Security Interests in the
• Sec 9--313. Priority of Security Interests in Fixtures.
• Sec 9--314. Accessions.
• Sec 9--315. Priority When Goods Are Commingled or Processed.
• Sec 9--316. Priority Subject to Subordination.
• Sec 9--317. Secured Party Not Obligated on Contract of
• Sec 9--318. Defenses Against Assignee; Modification of Contract After

  PART 4

• Sec 9--401. Place of Filing; Erroneous Filing; Removal of Collateral.
• Sec 9--402. Formal Requisites of Financing Statement; Amendments;
• Sec 9--403. What Constitutes Filing; Duration of Filing; Effect of Lapsed
• Sec 9--404. Termination Statement.
• Sec 9-405. Assignment of Security Interest; Duties of Filing
• Sec 9-406. Release of Collateral; Duties of Filing Officer; Fees.
• Sec 9--407. Information From Filing Officer.
• Sec 9--408. Financing Statements Covering Consigned or
• Sec 9--409. Destruction of Old Records.
• Sec 9--410. Pre-signing of Security Agreements and Financing

  PART 5

• Sec 9-501. Default; Procedure When Security Agreement Covers Both Real
• Sec 9--502. Collection Rights of Secured Party.
• Sec 9-503. Secured Party's Right to Take Possession After
• Sec 9-504. Secured Party's Right to Dispose of Collateral After
• Sec 9-505. Compulsory Disposition of Collateral; Acceptance
• Sec 9-506. Debtor's Right to Redeem Collateral.
• Sec 9-507. Secured Party's Liability for Failure to Comply

Article 11

• Sec 11--101. Definitions.
• Sec 11--102. Preservation of Old Transition Provision.
• Sec 11--103. Transition to Revised Article 9-General Rule
• Sec 11--104. Transition Provision on Change of Requirement of Filing.
• Sec 11--105. Transition Provision on Change of Place of
• Sec 11--106. Required Refilings.
• Sec 11--107. Transition Provisions as to Priorities.
• Sec 11--108. Presumption that Rule of Law Continues

Article 13

• Sec 13--101. Application of Act.
• Sec 13--102. Laws Repealed; Provision for Transition.
• Sec 13--103. Inconsistent Laws; Which Law Governs.
• Sec 13--104. Laws Not Repealed.
• Sec 13--105. Effective Date.