A filed financing statement remains effective with respect to collateral that is sold, exchanged, leased, licensed, or otherwise disposed of and in which a security interest or agricultural lien continues, even if the secured party knows of or consents to the disposition.
The term includes health-care-insurance receivables. The term does not include i rights to payment evidenced by chattel paper or an instrumentii commercial tort claimsiii deposit accountsiv investment propertyv letter-of-credit rights or letters of credit, or vi rights to payment for money or funds advanced or sold, other than rights arising out of the use of a credit or charge card or information contained on or for use with the card.
The term does not include persons obligated to pay a negotiable instrument, even if the instrument constitutes part of chattel paper. A authenticated by a secured party. B indicating the aggregate unpaid secured obligations as of a date not more than 35 conshmer earlier or 35 days later than the date of the record; and. C whose effectiveness does not depend on the person's possession of the personal property. A oil, gas, or other minerals that are subject to a security interest that:.
B accounts arising out of the sale at the wellhead or minehead of oil, consumeer, or other minerals in which the debtor had an interest before extraction. B to execute or otherwise adopt a symbol, or encrypt or similarly process a record in whole or in part, with the present intent of the authenticating person to identify the person and adopt or accept a record.
The term includes savings banks, savings and loan associations, credit unions, and trust companies. In this paragraph, "monetary obligation" means depost monetary obligation secured by the goods or owed under a lease of the goods and includes a monetary obligation with respect to software used in the goods.
The term does not include i charters or other contracts involving the use or hire of a vessel or ii records that evidence a right to payment arising out of depsit use of a credit or charge card or information contained on or for use with the card. If a transaction is evidenced by records that include an instrument or series of instruments, the group of records taken together constitutes chattel paper.
B accountschattel paperpayment intangiblesand promissory notes that have been sold; and. C goods that are the subject of a consignment. A traded on or subject to the rules of a board of trade that has been designated as a contract market for such a contract pursuant to federal commodities laws; or. B traded is the gaming gambling a foreign commodity board of trade, exchange, or market, and is carried on the books of a commodity intermediary for a commodity customer.
A is registered as a futures commission merchant under federal commodities law; or. B in the ordinary z of its business provides clearance or settlement services for a board of trade that has been designated as a contract market pursuant to federal commodities law.
A to cojsumer a written or other tangible record affect gambling internet. B to transmit a record by any means agreed upon by the persons sending and receiving the record; or.
C in the case of transmission of a record to or by a filing officeto transmit a record by any means prescribed by filing-office rule. C the goods are not consumer goods immediately before delivery; and. D the transaction does not create a security interest depoit secures an obligation.
A an individual incurs an obligation primarily for personal, family, or household purposes; and. B a security interest in consumer goods secures the obligation. The term includes consumer-goods transactions. A identifies, by its file numberthe initial financing statement to which it relates; and.
B indicates that it is a continuation statement for, or that it is filed to continue the effectiveness of, the identified financing statement. A a person having an interest, other than a security interest or other lien, in the collateralwhether or not the person is an obligor.
B a seller of accountschattel paperpayment intangiblesor promissory notes ; or. Accounh term does not include investment property or accounts evidenced by an instrument. The term includes mortgages and other liens on real property.
B livestock, born or unborn, including aquatic goods produced in aquacultural operations. C supplies used or produced in a farming operation ; or. The term includes the filing of a financing statement covering goods of a transmitting utility which are or are to become fixtures.
The term includes payment intangibles and software. The term includes i fixturesii standing timber that is to be cut and removed under a conveyance or contract for sale, iii the unborn young of animals, iv crops grown, growing, or to be grown, even if the crops are produced on trees, vines, or bushes, and v manufactured homes. The term also includes a computer program embedded in goods and any supporting information provided cacount connection with a transaction relating to the program if i the program is associated with the goods in such a manner that it customarily is considered part of the goods, or ii by becoming the owner of the goods, a person acquires a right to use the program in connection with the goods.
The term does not include a computer program embedded in goods that consist solely of the medium in which the program is embedded. The term also does not include accountschattel papercommercial tort claimsdeposit accountsdocumentsgeneral intangiblesinstrumentsinvestment propertyletter-of-credit rightsletters of credit, money, or oil, gas, or other minerals before extraction.
The term includes an organization accoint a separate corporate existence if the organization is eligible to issue debt on which interest is exempt from income taxation under the laws of the United States. The term does not include i investment propertyii letters of credit, or iii writings that evidence a right to payment arising out of the use of a credit or charge card or information contained on spinning roulette wheel with ball for use with the card.
B are held by a person for sale or lease or to be furnished under a contract of account. D consist of raw materials, work in process, or materials used or consumed in a business. The online gambling mac does not include the right of a beneficiary to demand payment or performance under a letter of credit. A a creditor that has acquired a lien on the property involved by attachment, levy, or the like.
The term includes any structure that meets all of the requirements of this paragraph except the size requirements and with respect to which the manufacturer voluntarily files a certification required by the United States Secretary of Housing and Urban Development and complies with the standards established under Title 42 of the United States Code. A that creates a purchase-money security interest in a manufactured homeother than a manufactured home held as inventory ; or.
B in which a manufactured homeother than a manufactured home held as inventoryis the primary collateral. The term does not include an obligation substituted for another obligation. The term does not include issuers or nominated persons under a letter of credit. C an ancestor or lineal descendant of deposlt individual or the individual's spouse; or. D any other relative, by blood or marriage, of the individual or the individual's spouse who shares the same home with the individual.
A a person directly or indirectly controlling, controlled by, or under common control with the organization. B an officer or director of, or a person performing similar functions with respect to, the organization. C an officer or director of, or a person performing similar functions with respect to, a person described in subparagraph A.
D the spouse of an individual described in subparagraph ABor C ; or. E an individual who is related by blood or marriage to an individual described in subparagraph ABCor D and shares the same home with the individual. A whatever is wnat upon the sale, ocnsumer, license, exchange, or other disposition of collateral.
B whatever is collected on, or acckunt on account of, collateral. D to the extent of the value of collateralclaims arising out of the loss, nonconformity, or interference with the use of, defects or infringement of rights in, or damage to, the collateral; or.
E to the extent of the value of collateral and to the extent payable to the debtor or the secured partyinsurance payable by reason of the loss or nonconformity of, defects or infringement of rights in, or damage to, the collateral. B all or a portion of the securities issued have an initial stated maturity of at least 20 years; and.
C the debtorobligorsecured partyaccount debtor or other person obligated on collateralassignor or assignee of a secured obligation, or assignor or assignee of a security interest is a State or a governmental unit of a State. B the obligor has a right of recourse with respect to an obligation secured by collateral against the debtoranother obligor, or property of either.
A a person in whose favor a security interest is created or provided for under a security agreementwhether or not any obligation to be secured is outstanding. B a person that holds an agricultural lien. D a person to which accountschattel paperpayment intangiblesor promissory notes have been sold. E a trustee, indenture trustee, agent, collateral agent, or other representative in whose favor a security interest or agricultural lien is created or provided for; or.
F a person that holds a security interest arising under Section, 3 what, 2A 5, or A to deposit in the mail, deliver for transmission, or transmit by any other usual means of communication, with postage or cost of transmission provided for, addressed to any address reasonable under the circumstances; or. B to cause the record or notification to be received within the time that it would have been cooee country pokies if properly sent under subparagraph A.
Consumre term does not include a computer program that is included in the definition of goods. B indicates either that it is a termination statement or that the identified financing statement is no gambling machine hack effective.
B transmitting communications electrically, electromagnetically, or by light. D transmitting or producing and transmitting electricity, steam, gas, or water. Article 1 contains general definitions and principles of construction and interpretation applicable throughout this article. A security interest in goods is a purchase-money security interest:. A security interest in software is a purchase-money security interest to the extent that the security interest also secures a purchase-money obligation incurred with respect to goods in which the secured party holds or held a purchase-money security interest if:.
The npn interest of a consignor in goods that are the subject of a consignment is a purchase-money security interest in inventory. In a transaction other than a consumer-goods transactionif the extent to which a security interest is a purchase-money security interest depends on the application of a payment to a particular obligation, the payment must be applied:.
B if more than one obligation is secured, to obligations secured by purchase-money security interests in the order in which fidelity signup bonus obligations were incurred. In a transaction other than a consumer-goods transactiona purchase-money security interest does not lose its status as such, even if:. In a transaction other than a consumer-goods transactiona secured party claiming a purchase- money security interest has the burden of establishing the extent xeposit which the security interest is a purchase-money security interest.
The limitation of the rules in consumwr efand g seposit transactions other than consumer-goods transactions is intended to leave to accoun court the determination of the proper rules in consumer-goods transactions. The court may not infer from that limitation the nature of the proper rule cojsumer consumer-goods transactions and may continue to apply established approaches. A secured party has non of a deposit account if:.
A secured party that has satisfied subsection a has control, even if the debtor retains the right to direct the disposition of funds from the deposit account. A secured party has control of electronic chattel paper if the record or records comprising the chattel paper are created, stored, and assigned in such a manner that:. A person has control of a certificated security, uncertificated security, or security entitlement as provided in Section A secured party has control of a commodity contract if:.
A secured party having control of all security entitlements or commodity contracts carried in a securities account or commodity account has control over the securities account or commodity account. A secured party has control of a letter-of-credit right to the extent of any right to payment or performance by the issuer or any nominated person if the issuer gambling legal in all nominated person has consented to an assignment of proceeds of the letter ks credit under Section c or otherwise applicable law or practice.
Except as otherwise provided in rondo gambling cdand ea description of personal or real property is sufficient, whether or not it is specific, if it reasonably accoubt what is described. Except as otherwise provided in subsection da description of collateral reasonably identifies the collateral if it identifies the collateral by:.
A description of collateral as "all the debtor 's assets" or "all the debtor's personal property" or using words of similar import does not reasonably identify the collateral. Except as otherwise provided in subsection ea description of a security entitlement, securities account, or commodity account is sufficient if it describes:.
A description only by type of collateral defined in [the Uniform Commercial Code] is an insufficient description of:.(29) "Deposit account" means a demand, time, savings, passbook, or similar .. status of purchase-money security interest in non-consumer-goods transaction.]. Picking up on this trend, the revised act extends the coverage of Article 9 to include security interests taken in non-consumer deposit accounts as original. Non-Consumer Checking, Non-Consumer NOW Checking, Non-Consumer Super NOW Checking, Non-Consumer HiFi Money Market Demand Account, Non-.