Title 10 — Commercial Laws

Title 10 Commercial Laws

CHAPTER 1 GENERAL PROVISIONS

PART 1 GENERAL PROVISIONS

§ 10:1-101 Short titles

§ 10:1-102 Scope of Chapter

§ 10:1-103 Construction of Uniform Commercial Code to promote its purposes and policies; applicability of supplemental principles of law

§ 10:1-104 Construction against implied repeal

§ 10:1-105 [Reserved.]

§ 10:1-106 [Reserved.]

§ 10:1-107 [Reserved.]

§ 10:1-108 Relation to Electronic Signatures in Global and National Commerce Act

PART 2 GENERAL DEFINITIONS AND PRINCIPLES OF INTERPRETATION

§ 10:1-201 General definitions

§ 10:1-202 Notice; knowledge

§ 10:1-203 Lease distinguished from security interest

§ 10:1-204 Value

§ 10:1-205 Reasonable time; seasonableness

§ 10:1-206 Presumptions

PART 3 TERRITORIAL APPLICABILITY AND GENERAL RULES

§ 10:1-301 Territorial applicability; parties' power to choose applicable law

§ 10:1-302 Variation by agreement

§ 10:1-303 Course of performance, course of dealing, and usage of trade

§ 10:1-304 Obligation of good faith

§ 10:1-305 Remedies to be liberally administered

§ 10:1-306 [Reserved.]

§ 10:1-307 Prima facie evidence by third-party documents

§ 10:1-308 Performance or acceptance under reservation of rights

§ 10:1-309 Option to accelerate at will

§ 10:1-310 Subordinated obligations

CHAPTER 3 NEGOTIABLE INSTRUMENTS

PART 1 GENERAL PROVISIONS AND DEFINITIONS

§ 10:3-101 Short title

§ 10:3-102 Subject matter

§ 10:3-103 Definitions

§ 10:3-104 Negotiable instrument

§ 10:3-105 Issue of instrument

§ 10:3-106 Unconditional promise or order

§ 10:3-107 Instrument payable in foreign money

§ 10:3-108 Payable on demand or at definite time

§ 10:3-109 Payable to bearer or to order

§ 10:3-110 Identification of person to whom instrument is payable

§ 10:3-111 Place of payment

§ 10:3-112 Interest

§ 10:3-113 Date of instrument

§ 10:3-114 Contradictory terms of instrument

§ 10:3-115 Incomplete instrument

§ 10:3-116 Joint and several liability; contribution

§ 10:3-117 Other agreements affecting instrument

§ 10:3-118 Prescription

§ 10:3-119 REPEALED BY ACTS 1993, NO. 948, §7, EFF. JAN. 1, 1994.

PART 2 NEGOTIATION, TRANSFER, AND INDORSEMENT

§ 10:3-201 Negotiation

§ 10:3-202 Negotiation subject to rescission

§ 10:3-203 Transfer of instrument; rights acquired by transfer

§ 10:3-204 Indorsement

§ 10:3-205 Special indorsement; blank indorsement; anomalous indorsement

§ 10:3-206 Restrictive indorsement

§ 10:3-207 Reacquisition

PART 3 ENFORCEMENT OF INSTRUMENTS

§ 10:3-301 Person entitled to enforce instrument

§ 10:3-302 Holder in due course

§ 10:3-303 Value and consideration

§ 10:3-304 Overdue instrument

§ 10:3-305 Defenses and claims in recoupment

§ 10:3-306 Claims to an instrument

§ 10:3-307 Notice of breach of fiduciary duty

§ 10:3-308 Proof of signatures and status as holder in due course

§ 10:3-309 Enforcement of lost, destroyed, or stolen instrument

§ 10:3-310 Effect of instrument on obligation for which taken

§ 10:3-311 Accord and satisfaction by use of instrument

§ 10:3-312 Lost, destroyed, or stolen cashier's check, teller's check, certified check, or money order

PART 4 LIABILITY OF PARTIES

§ 10:3-401 Signature necessary for liability on instrument

§ 10:3-402 Signature by representative

§ 10:3-403 Unauthorized signature

§ 10:3-404 Impostors; fictitious payees

§ 10:3-405 Employer's responsibility for fraudulent indorsement by employee

§ 10:3-406 Negligence contributing to forged signature or alteration of instrument

§ 10:3-407 Alteration

§ 10:3-408 Drawee not liable on unaccepted draft

§ 10:3-409 Acceptance of draft; certified check

§ 10:3-410 Acceptance varying draft

§ 10:3-411 Refusal to pay cashier's checks, teller's checks, and certified checks

§ 10:3-412 Obligation of issuer of note or cashier's check

§ 10:3-413 Obligation of acceptor

§ 10:3-414 Obligation of drawer

§ 10:3-415 Obligation of indorser

§ 10:3-416 Transfer warranties

§ 10:3-417 Presentment warranties

§ 10:3-418 Payment or acceptance by mistake

§ 10:3-419 Instruments signed for accommodation

§ 10:3-420 Conversion of instrument

PART 5 DISHONOR

§ 10:3-501 Presentment

§ 10:3-502 Dishonor

§ 10:3-503 Notice of dishonor

§ 10:3-504 Excused presentment and notice of dishonor

§ 10:3-505 Evidence of dishonor

PART 6 DISCHARGE AND PAYMENT

§ 10:3-601 Discharge and effect of discharge

§ 10:3-602 Payment

§ 10:3-603 Tender of payment

§ 10:3-604 Discharge by cancellation or renunciation

CHAPTER 4 BANK DEPOSITS AND COLLECTIONS

PART 1 GENERAL PROVISIONS AND DEFINITIONS

§ 10:4-101 Short title

§ 10:4-102 Applicability

§ 10:4-103 Variation by agreement; measure of damages; action constituting ordinary care

§ 10:4-104 Definitions and index of definitions

§ 10:4-105 "Bank"; "depositary bank"; "payor bank"; "intermediary bank"; "collecting bank"; "presenting bank"

§ 10:4-106 Payable through or payable at bank; collecting bank

§ 10:4-107 Separate office of bank

§ 10:4-108 Time of receipt of items

§ 10:4-109 Delays

§ 10:4-110 Electronic presentment

§ 10:4-111 Prescription

PART 2 COLLECTION OF ITEMS: DEPOSITARY AND COLLECTING BANKS

§ 10:4-201 Status of collecting bank as agent and provisional status of credits; applicability of Chapter; item indorsed "pay any bank"

§ 10:4-202 Responsibility for collection or return; when action timely

§ 10:4-203 Effect of instructions

§ 10:4-204 Methods of sending and presenting; sending directly to payor bank

§ 10:4-205 Depositary bank holder of unindorsed item

§ 10:4-206 Transfer between banks

§ 10:4-207 Transfer warranties

§ 10:4-208 Presentment warranties

§ 10:4-209 Encoding and retention warranties

§ 10:4-210 Security interest of collecting bank in items, accompanying documents and proceeds

§ 10:4-211 When bank gives value for purposes of holder in due course

§ 10:4-212 Presentment by notice of item not payable by, through, or at a bank; liability of drawer or indorser

§ 10:4-213 Medium and time of settlement by bank

§ 10:4-214 Right of charge-back or refund; liability of collecting bank; return of item

§ 10:4-215 Final payment of item by payor bank; when provisional debits and credits become final; when certain credits become available for withdrawal

§ 10:4-216 Insolvency and preference

PART 3 COLLECTION OF ITEMS: PAYOR BANKS

§ 10:4-301 Deferred posting; recovery of payment by return of items; time of dishonor; return of items by payor bank

§ 10:4-302 Payor bank's responsibility for late return of item

§ 10:4-303 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 CUSTOMERS

§ 10:4-401 When bank may charge customer's account

§ 10:4-402 Bank's liability to customer for wrongful dishonor; time of determining insufficiency of account

§ 10:4-403 Customer's right to stop payment; burden of proof of loss

§ 10:4-404 Bank not obliged to pay check more than six months old

§ 10:4-405 Death or interdiction of customer

§ 10:4-406 Customer's duty to discover and report unauthorized signature or alteration

§ 10:4-407 Payor bank's right to subrogation on improper payment

PART 5 COLLECTION OF DOCUMENTARY DRAFTS

§ 10:4-501 Handling of documentary drafts; duty to send for presentment and to notify customer of dishonor

§ 10:4-502 Presentment of "on arrival" drafts

§ 10:4-503 Responsibility of presenting bank for documents and goods; report of reasons for dishonor; referee in case of need

§ 10:4-504 Privilege of presenting bank to deal with goods; security interest for expenses

CHAPTER 4-A FUNDS TRANSFERS

PART 1 SUBJECT MATTER AND DEFINITIONS

§ 10:4A-101 Short Title

§ 10:4A-102 Subject Matter

§ 10:4A-103 Payment Order - Definitions

§ 10:4A-104 Funds Transfer - Definitions

§ 10:4A-105 Other definitions

§ 10:4A-106 Time payment order is received

§ 10:4A-107 Federal reserve regulations and operating circulars

§ 10:4A-108 Relationship to the federal Electronic Fund Transfer Act

PART 2 ISSUE AND ACCEPTANCE OF PAYMENT ORDER

§ 10:4A-201 Security procedure

§ 10:4A-202 Authorized and verified payment orders

§ 10:4A-203 Unenforceability of certain verified payment orders

§ 10:4A-204 Refund of payment and duty of customer to report with respect to unauthorized payment order

§ 10:4A-205 Erroneous payment orders

§ 10:4A-206 Transmission of payment order through funds-transfer or other communication

§ 10:4A-207 Misdescription of beneficiary

§ 10:4A-208 Misdescription of intermediary bank or beneficiary's bank

§ 10:4A-209 Acceptance of payment order

§ 10:4A-210 Rejection of payment order

§ 10:4A-211 Cancellation and amendment of payment order

§ 10:4A-212 Liability and duty of receiving bank regarding unaccepted payment order

PART 3 EXECUTION OF SENDER'S PAYMENT ORDER BY RECEIVING BANK

§ 10:4A-301 Execution and execution date

§ 10:4A-302 Obligations of receiving bank in execution of payment order

§ 10:4A-303 Erroneous execution of payment order

§ 10:4A-304 Duty of sender to report erroneously executed payment order

§ 10:4A-305 Liability for late or improper execution or failure to execute payment order

PART 4 PAYMENT

§ 10:4A-401 Payment date

§ 10:4A-402 Obligation of sender to pay receiving bank

§ 10:4A-403 Payment by sender to receiving bank

§ 10:4A-404 Obligation of beneficiary's bank to pay and give notice to beneficiary

§ 10:4A-405 Payment by beneficiary's bank to beneficiary

§ 10:4A-406 Payment by originator to beneficiary; discharge of underlying obligation

PART 5 MISCELLANEOUS PROVISIONS

§ 10:4A-501 Variation by agreement and effect of funds-transfer system rule

§ 10:4A-502 Creditor process served on receiving bank; setoff by beneficiary's bank

§ 10:4A-503 Injunction or restraining order with respect to funds transfer

§ 10:4A-504 Order in which items and payment orders may be charged to account; order of withdrawals from account

§ 10:4A-505 Preclusion of objection to debit of customer's account

§ 10:4A-506 Rate of interest

§ 10:4A-507 Choice of law

CHAPTER 5 LETTERS OF CREDIT

§ 10:5-101 Short title

§ 10:5-102 Definitions

§ 10:5-103 Scope

§ 10:5-104 Formal requirements

§ 10:5-105 Consideration

§ 10:5-106 Issuance, amendment, cancellation, and duration

§ 10:5-107 Confirmor, nominated person, and adviser

§ 10:5-108 Issuer's rights and obligations

§ 10:5-109 Fraud and forgery

§ 10:5-110 Warranties

§ 10:5-111 Remedies

§ 10:5-112 Transfer of letter of credit

§ 10:5-113 Transfer by operation of law

§ 10:5-114 Assignment of proceeds

§ 10:5-115 Statute of limitations

§ 10:5-116 Choice of law and forum

§ 10:5-117 Subrogation of issuer, applicant, and nominated person

§ 10:5-118 Security interest of issuer or nominated person

CHAPTER 7 DOCUMENTS OF TITLE

PART 1 GENERAL

§ 10:7-101 Short title

§ 10:7-102 Definitions and index of definitions

§ 10:7-103 Relation of Chapter to treaty or statute

§ 10:7-104 Negotiable and nonnegotiable document of title

§ 10:7-105 Reissuance in alternative medium

§ 10:7-106 Control of electronic document of title

PART 2 WAREHOUSE RECEIPTS: SPECIAL PROVISIONS

§ 10:7-201 Person that may issue a warehouse receipt; storage under bond

§ 10:7-202 Form of warehouse receipt; effect of omission

§ 10:7-203 Liability for nonreceipt or misdescription

§ 10:7-204 Duty of care; contractual limitation of warehouse's liability

§ 10:7-205 Title under warehouse receipt defeated in certain cases

§ 10:7-206 Termination of storage at warehouse's option

§ 10:7-207 Goods must be kept separate; fungible goods

§ 10:7-208 Altered warehouse receipts

§ 10:7-209 Lien of warehouse

§ 10:7-210 Enforcement of warehouse's lien

PART 3 BILLS OF LADING: SPECIAL PROVISIONS

§ 10:7-301 Liability for nonreceipt or misdirection; "said to contain"; "shipper's weight, load, and count"; improper handling

§ 10:7-302 Through bills of lading and similar documents of title

§ 10:7-303 Diversion; reconsignment; change of instructions

§ 10:7-304 Tangible bills of lading in a set

§ 10:7-305 Destination bills

§ 10:7-306 Altered bills of lading

§ 10:7-307 Lien of carrier

§ 10:7-308 Enforcement of carrier's lien

§ 10:7-309 Duty of care; contractual limitation of carrier's liability

PART 4 WAREHOUSE RECEIPTS AND BILLS OF LADING: GENERAL OBLIGATIONS

§ 10:7-401 Irregularities in issue of receipt or bill or conduct of issuer

§ 10:7-402 Duplicate document of title; overissue

§ 10:7-403 Obligation of bailee to deliver; excuse

§ 10:7-404 No liability for good faith delivery pursuant to document of title

PART 5 WAREHOUSE RECEIPTS AND BILLS OF LADING: NEGOTIATION AND TRANSFER

§ 10:7-501 Form of negotiation and requirements of due negotiation

§ 10:7-502 Rights acquired by due negotiation

§ 10:7-503 Document of title to goods defeated in certain cases

§ 10:7-504 Rights acquired in absence of due negotiation; effect of diversion; stoppage of delivery

§ 10:7-505 Endorser not a guarantor for other parties

§ 10:7-506 Delivery without endorsements; right to compel endorsement

§ 10:7-507 Warranties on negotiation or delivery of document of title

§ 10:7-508 Warranties of collecting bank as to documents of title

§ 10:7-509 Adequate compliance with commercial contract

PART 6 WAREHOUSE RECEIPTS AND BILLS OF LADING: MISCELLANEOUS PROVISIONS

§ 10:7-601 Lost, stolen, or destroyed documents of title

§ 10:7-602 Judicial process against goods covered by negotiable document of title

§ 10:7-603 Conflicting claims; concursus

§ 10:7-604 Fraud through the use of a document of title

CHAPTER 8 INVESTMENT SECURITIES

PART 1 SHORT TITLE AND GENERAL MATTERS

§ 10:8-101 Short title

§ 10:8-102 Definitions and index of definitions

§ 10:8-103 Rules for determining whether certain obligations and interests are securities or financial assets

§ 10:8-104 Acquisition of security or financial asset or interest therein

§ 10:8-105 Notice of adverse claim

§ 10:8-106 Control

§ 10:8-107 Whether indorsement, instruction, or entitlement order is effective

§ 10:8-108 Warranties in direct holding

§ 10:8-109 Warranties in indirect holding

§ 10:8-110 Applicability; choice of law

§ 10:8-111 Clearing corporation rules

§ 10:8-112 Creditor's legal process

§ 10:8-113 Statute of frauds inapplicable

§ 10:8-114 Evidentiary rules concerning certificated securities

§ 10:8-115 Securities intermediary and others not liable to adverse claimant

§ 10:8-116 Securities intermediary as purchaser for value

PART 2 ISSUE AND ISSUER

§ 10:8-201 Issuer

§ 10:8-202 Issuer's responsibility and defenses; notice of defect or defense

§ 10:8-203 Staleness as notice of defect or defense

§ 10:8-204 Effect of issuer's restriction on transfer

§ 10:8-205 Effect of unauthorized signature on security certificate

§ 10:8-206 Completion or alteration of security certificate

§ 10:8-207 Rights and duties of issuer with respect to registered owners

§ 10:8-208 Effect of signature of authenticating trustee, registrar, or transfer agent

§ 10:8-209 Issuer's lien

§ 10:8-210 Overissue

PART 3 TRANSFER OF CERTIFICATED AND UNCERTIFICATED SECURITIES

§ 10:8-301 Delivery

§ 10:8-302 Rights of purchaser

§ 10:8-303 Protected purchaser

§ 10:8-304 Indorsement

§ 10:8-305 Instruction

§ 10:8-306 Effect of guaranteeing signature, indorsement, or instruction

§ 10:8-307 Purchaser's right to requisites for registration of transfer

PART 4 REGISTRATION

§ 10:8-401 Duty of issuer to register transfer

§ 10:8-402 Assurance that indorsement or instruction is effective

§ 10:8-403 Demand that issuer not register transfer

§ 10:8-404 Wrongful registration

§ 10:8-405 Replacement of lost, destroyed, or wrongfully taken security certificate

§ 10:8-406 Obligation to notify issuer of lost, destroyed, or wrongfully taken security certificate

§ 10:8-407 Authenticating trustee, transfer agent, and registrar

PART 5 SECURITY ENTITLEMENTS

§ 10:8-501 Securities account; acquisition of security entitlement from securities intermediary

§ 10:8-502 Assertion of adverse claim against entitlement holder

§ 10:8-503 Property interest of entitlement holder in financial asset held by securities intermediary

§ 10:8-504 Duty of securities intermediary to maintain financial asset

§ 10:8-505 Duty of securities intermediary with respect to payments and distributions

§ 10:8-506 Duty of securities intermediary to exercise rights as directed by entitlement holder

§ 10:8-507 Duty of securities intermediary to comply with entitlement order

§ 10:8-508 Duty of securities intermediary to change entitlement holder's position to other form of security holding

§ 10:8-509 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

§ 10:8-510 Rights of purchaser of security entitlement from entitlement holder

§ 10:8-511 Priority among security interests and entitlement holders

CHAPTER 9 SECURED TRANSACTIONS

PART 1 GENERAL PROVISIONS

SUBPART 1 SHORT TITLE, DEFINITIONS, AND GENERAL CONCEPTS

§ 10:9-101 Short title

§ 10:9-102 Definitions and index of definitions

§ 10:9-103 Purchase-money security interest; application of payments; burden of establishing purchase-money security interest

§ 10:9-104 Control of deposit account

§ 10:9-105 Control of electronic copy of record evidencing chattel paper

§ 10:9-106 Control of investment property

§ 10:9-107 Control of letter-of-credit right

§ 10:9-107.1 Control over life insurance policy

§ 10:9-107.2 Control conditioned on default

§ 10:9-107.3 Control of controllable electronic record, controllable account, or controllable payment intangible

§ 10:9-107.4 No requirement to acknowledge or confirm; no duties

§ 10:9-108 Sufficiency of description

§ 10:9-109 Scope

PART 2 EFFECTIVENESS OF SECURITY AGREEMENT; ATTACHMENT OF SECURITY INTEREST; RIGHTS OF PARTIES TO SECURITY AGREEMENT

SUBPART 1 EFFECTIVENESS AND ATTACHMENT

§ 10:9-201 General effectiveness of security agreement

§ 10:9-202 Title to collateral immaterial

§ 10:9-203 Attachment and enforceability of security interest; proceeds; supporting obligations; formal requisites

§ 10:9-204 After-acquired property; future advances

§ 10:9-205 Use or disposition of collateral permissible

§ 10:9-206 Security interest arising in purchase or delivery of financial asset

SUBPART 2 RIGHTS AND DUTIES

§ 10:9-207 Rights and duties of secured party having possession or control of collateral

§ 10:9-208 Additional duties of secured party having control of collateral

§ 10:9-209 Duties of secured party if account debtor has been notified of assignment

§ 10:9-210 Request for accounting; request regarding list of collateral or statement of account

§ 10:9-211 Repealed by Acts 2006, 1st Ex. Sess., No. 14, §2, eff. Feb. 23, 2006, and Acts 2006, 1st Ex. Sess., No. 21, §2, eff. April 1, 2006.

PART 3 PERFECTION AND PRIORITY

SUBPART 1 LAW GOVERNING PERFECTION AND PRIORITY

§ 10:9-301 Law governing perfection and priority of security interests

§ 10:9-302 Law governing perfection and priority of agricultural liens

§ 10:9-303 Law governing perfection and priority of security interests in goods covered by a certificate of title

§ 10:9-304 Law governing perfection and priority of security interests in deposit accounts

§ 10:9-305 Law governing perfection and priority of security interests in investment property

§ 10:9-306 Law governing perfection and priority of security interests in letter-of-credit rights

§ 10:9-306.1 Law governing perfection and priority of security interests in chattel paper

§ 10:9-306.2 Law governing perfection and priority of security interests in controllable accounts, controllable electronic records, and controllable payment intangibles

§ 10:9-307 Location of debtor

SUBPART 2 PERFECTION

§ 10:9-308 When security interest or agricultural lien is perfected; continuity of perfection

§ 10:9-309 Security interest perfected upon attachment

§ 10:9-310 When filing required to perfect security interest or agricultural lien; security interests and agricultural liens to which filing provisions do not apply

§ 10:9-311 Perfection of security interests in property subject to certain statutes, regulations, and treaties

§ 10:9-312 Perfection of security interests in chattel paper, controllable accounts, controllable electronic records, controllable payment intangibles, deposit accounts, negotiable documents, goods covered by documents, instruments, investment property, letter-of-credit rights, money, life insurance policies, and collateral mortgage notes; perfection by permissive filing; temporary perfection without filing or transfer of possession

§ 10:9-313 When possession by or delivery to secured party perfects security interest without filing

§ 10:9-314 Perfection by control

§ 10:9-314.1 Perfection by possession and control of chattel paper

§ 10:9-315 Secured party's rights on disposition of collateral and in proceeds

§ 10:9-316 Continued perfection of security interest following change in governing law

SUBPART 3 PRIORITY

§ 10:9-317 Interests that take priority over or take free of security interest or agricultural lien

§ 10:9-318 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 purchasers

§ 10:9-319 Rights and title of consignee with respect to creditors and purchasers

§ 10:9-320 Buyer of goods

§ 10:9-321 Licensee of general intangible and lessee of goods in ordinary course of business

§ 10:9-322 Priorities among conflicting security interests in and agricultural liens on same collateral

§ 10:9-323 Future advances

§ 10:9-324 Priority of purchase-money security interests

§ 10:9-325 Priority of security interests in transferred collateral

§ 10:9-326 Priority of security interests created by new debtor

§ 10:9-326.1 Priority of security interest in controllable account, controllable electronic record, and controllable payment intangible

§ 10:9-327 Priority of security interests in deposit account

§ 10:9-328 Priority of security interests in investment property

§ 10:9-329 Priority of security interests in letter-of-credit right

§ 10:9-329.1 Priority of security interest in a life insurance policy

§ 10:9-330 Priority of purchaser of chattel paper or instrument

§ 10:9-331 Priority of rights of purchasers of controllable accounts, controllable electronic records, controllable payment intangibles, documents, instruments, and securities under other Chapters; priority of interests in financial assets and security entitlements and protection against assertion of claim under Chapters 8 and 12 of this Title

§ 10:9-332 Transfer of money; transfer of funds from deposit account

§ 10:9-333 Priority of certain liens arising by operation of law

§ 10:9-334 Priority of security interests in fixtures and crops

§ 10:9-335 Accessions

§ 10:9-336 Commingled goods

§ 10:9-337 Priority of security interests in goods covered by certificate of title

§ 10:9-338 Priority of security interest or agricultural lien perfected by filed financing statement providing certain incorrect information

§ 10:9-339 Priority subject to subordination

SUBPART 4 RIGHTS OF BANK

§ 10:9-340 Effectiveness of right of compensation, recoupment, or set-off against deposit account

§ 10:9-341 Bank's rights and duties with respect to deposit account

§ 10:9-342 Bank's right to refuse to enter into or disclose existence of control agreement

§ 10:9-343 Control agreement not automatic subordination

SUBPART 5 RIGHTS OF LIFE INSURANCE COMPANIES

§ 10:9-344 Life insurance companies

PART 4 RIGHTS OF THIRD PARTIES

§ 10:9-401 Alienability of debtor's rights

§ 10:9-402 Secured party not obligated on contract of debtor or in tort

§ 10:9-403 Agreement not to assert defenses against assignee

§ 10:9-404 Rights acquired by assignee; claims and defenses against assignee

§ 10:9-405 Modification of assigned contract

§ 10:9-406 Discharge of account debtor; notification of assignment; identification and proof of assignment; restrictions on assignment of accounts, chattel paper, payment intangibles, and promissory notes ineffective

§ 10:9-407 Restrictions on creation or enforcement of security interest in leasehold interest or in lessor's residual interest

§ 10:9-408 Restrictions on assignment of promissory notes, health-care-insurance receivables, and certain general intangibles ineffective

§ 10:9-409 Restrictions on assignment of letter-of-credit rights ineffective

§ 10:9-410 Relation to the Louisiana Trust Code

§ 10:9-411 Judgments and litigious rights

§ 10:9-412 Discharge of tortfeasor; notification and filing of assignment

PART 5 FILING

SUBPART 1 FILING OFFICE; CONTENTS AND EFFECTIVENESS OF FINANCING STATEMENT

§ 10:9-501 Filing office

§ 10:9-502 Contents of financing statement; time of filing financing statement

§ 10:9-503 Name of debtor and secured party

§ 10:9-504 Indication of collateral

§ 10:9-505 Filing and compliance with other statutes and treaties for consignments, leases, other bailments, and other transactions

§ 10:9-506 Effect of errors or omissions

§ 10:9-507 Effect of certain events on effectiveness of financing statement

§ 10:9-508 Effectiveness of financing statement if new debtor becomes bound by security agreement

§ 10:9-509 Persons entitled to file a record

§ 10:9-510 Effectiveness of filed record

§ 10:9-511 Secured party of record

§ 10:9-512 Amendment of financing statement

§ 10:9-513 Termination statement

§ 10:9-514 Assignment of powers of secured party of record

§ 10:9-514.1 Master assignments and master amendments

§ 10:9-515 Duration and effectiveness of financing statement; effect of lapsed financing statement

§ 10:9-516 What constitutes filing; effectiveness of filing

§ 10:9-517 Effect of indexing errors

§ 10:9-518 Claim concerning inaccurate or wrongfully filed record

SUBPART 2 DUTIES AND OPERATION OF FILING OFFICE

§ 10:9-519 Numbering, maintaining, and indexing records; communicating information provided in records

§ 10:9-520 Acceptance and refusal to accept record

§ 10:9-521 Uniform form of written financing statement and amendment

§ 10:9-522 Maintenance and destruction of records

§ 10:9-523 Information from filing office; sale or license of records

§ 10:9-524 Delay by filing office

§ 10:9-525 Fees

§ 10:9-526 Filing-office rules

§ 10:9-527 Notification by filing office of cyber incidents

PART 6 DEFAULT

SUBPART 1 DEFAULT AND ENFORCEMENT OF SECURITY INTEREST

§ 10:9-601 Rights after default; judicial enforcement; consignor or buyer of accounts, chattel paper, payment intangibles, or promissory notes

§ 10:9-602 Waiver and variance of rights and duties

§ 10:9-603 Agreement on standards concerning rights and duties

§ 10:9-604 Procedure if security agreement covers real property or fixtures

§ 10:9-605 Unknown debtor or secondary obligor

§ 10:9-606 Time of default for agricultural lien

§ 10:9-607 Collection and enforcement by secured party

§ 10:9-608 Application of proceeds of collection or enforcement; liability for deficiency and right to surplus

§ 10:9-609 Secured party's right to take possession after default

§ 10:9-610 Disposition of collateral after default

§ 10:9-611 Notification before disposition of collateral

§ 10:9-612 Timeliness of notification before disposition of collateral

§ 10:9-613 Contents and form of notification before disposition of collateral: general

§ 10:9-614 Contents and form of notification before disposition of collateral: consumer-goods transaction

§ 10:9-615 Application of proceeds of disposition; liability for deficiency and right to surplus

§ 10:9-616 Explanation of calculation of surplus or deficiency

§ 10:9-617 Rights of transferee of collateral

§ 10:9-618 Rights and duties of certain secondary obligors

§ 10:9-619 Transfer of record or legal title

§ 10:9-620 Acceptance of collateral in full or partial satisfaction of obligation; compulsory disposition of collateral

§ 10:9-621 Notification of proposal to accept collateral

§ 10:9-622 Effect of acceptance of collateral

§ 10:9-623 Right to redeem collateral

§ 10:9-624 Waiver

SUBPART 2 NONCOMPLIANCE WITH CHAPTER

§ 10:9-625 Remedies for secured party's failure to comply with Chapter

§ 10:9-626 Action in which deficiency or surplus is in issue

§ 10:9-627 Determination of whether conduct was commercially reasonable

§ 10:9-628 Nonliability and limitation on liability of secured party; liability of secondary obligor

SUBPART 3 JUDICIAL PROCEEDINGS

§ 10:9-629 Judicial proceedings; authentic evidence

PART 7 TRANSITION

§ 10:9-701 Effective date

§ 10:9-702 Savings clause

§ 10:9-703 Security interest perfected before July 1, 2001

§ 10:9-704 Security interest unperfected before July 1, 2001

§ 10:9-705 Effectiveness of action taken before July 1, 2001

§ 10:9-706 When initial financing statement suffices to continue effectiveness of financing statement

§ 10:9-707 Amendment of pre-effective date financing statement

§ 10:9-708 Persons entitled to file initial financing statement or continuation statement

§ 10:9-709 Priority

§ 10:9-710 Definitions; filing under repealed laws

PART 8 EFFECTIVENESS

§ 10:9-801 Definition of "Act"; effective date

§ 10:9-802 Savings clause

§ 10:9-803 Security interest perfected before effective date

§ 10:9-804 Security interest unperfected before effective date

§ 10:9-805 Effectiveness of action taken before effective date

§ 10:9-806 When initial financing statement suffices to continue effectiveness of financing statement

§ 10:9-807 Amendment of pre-effective-date financing statement

§ 10:9-808 Person entitled to file initial financing statement or continuation statement

§ 10:9-809 Priority

CHAPTER 12 CONTROLLABLE ELECTRONIC RECORDS

§ 10:12-101 Title

§ 10:12-102 Definitions

§ 10:12-103 Relation to Chapter 9 and consumer laws

§ 10:12-104 Rights in controllable account, controllable electronic record, and controllable payment intangible

§ 10:12-105 Control of controllable electronic record

§ 10:12-106 Discharge of account debtor on controllable account or controllable payment intangible

§ 10:12-107 Governing law

CHAPTER 13 TRANSITIONAL PROVISIONS FOR UNIFORM COMMERCIAL CODE AMENDMENTS

PART 1 GENERAL PROVISIONS AND DEFINITIONS

§ 10:13-101 Title

§ 10:13-102 Definitions

PART 2 GENERAL TRANSITIONAL PROVISION

§ 10:13-201 Saving clause

PART 3 TRANSITIONAL PROVISIONS FOR CHAPTERS 9 AND 12

§ 10:13-301 Saving clause

§ 10:13-302 Security interest perfected before effective date

§ 10:13-303 Security interest unperfected before effective date

§ 10:13-304 Effectiveness of actions taken before effective date

§ 10:13-305 Priority

§ 10:13-306 Priority of claims when priority rules of Chapter 9 do not apply

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