Part 1. General Provisions. | Back to Top |
Subpart 1. Short Title, Definitions, and General Concepts. |
§ 28:9-101. Short title. |
§ 28:9-102. Definitions and index of definitions. |
§ 28:9-103. Purchase-money security interest; application of payments; burden of establishing. |
§ 28:9-104. Control of deposit account. |
§ 28:9-105. Control of electronic chattel paper. |
§ 28:9-106. Control of investment property. |
§ 28:9-107. Control of letter-of-credit right. |
§ 28:9-108. Sufficiency of description. |
Subpart 2. Applicability of Article. |
§ 28:9-109. Scope. |
§ 28:9-110. Security interests arising under Article 2 or 2A. |
Part 2. Effectiveness of Security Agreement; Attachment of Security Interest; Rights of Parties to Security Agreement. | Back to Top |
Subpart 1. Effectiveness and Attachment. |
§ 28:9-201. General effectiveness of security agreement. |
§ 28:9-202. Title to collateral immaterial. |
§ 28:9-203. Attachment and enforceability of security interest; proceeds; supporting obligations; formal requisites. |
§ 28:9-204. After-acquired property; future advances. |
§ 28:9-205. Use or disposition of collateral permissible. |
§ 28:9-206. Security interest arising in purchase or delivery of financial asset. |
Subpart 2. Rights and Duties. |
§ 28:9-207. Rights and duties of secured party having possession or control of collateral. |
§ 28:9-208. Additional duties of secured party having control of collateral. |
§ 28:9-209. Duties of secured party if account debtor has been notified of assignment. |
§ 28:9-210. Request for accounting; request regarding list of collateral or statement of account. |
Part 3. Perfection and Priority. | Back to Top |
Subpart 1. Law Governing Perfection and Priority. |
§ 28:9-301. Law governing perfection and priority of security interests. |
§ 28:9-302. Law governing perfection and priority of agricultural liens. |
§ 28:9-303. Law governing perfection and priority of security interests in goods covered by a certificate of title. |
§ 28:9-304. Law governing perfection and priority of security interests in deposit accounts. |
§ 28:9-305. Law governing perfection and priority of security interests in investment property. |
§ 28:9-306. Law governing perfection and priority of security interests in letter-of-credit rights. |
§ 28:9-307. Location of debtor. |
Subpart 2. Perfection. |
§ 28:9-308. When security interest or agricultural lien is perfected; continuity of perfection. |
§ 28:9-309. Security interest perfected upon attachment. |
§ 28:9-310. When filing required to perfect security interest or agricultural lien; security interests and agricultural liens to which filing provisions do not apply. |
§ 28:9-311. Perfection of security interests in property subject to certain statutes, regulations, and treaties. |
§ 28:9-313. When possession by or delivery to secured party perfects security interest without filing. |
§ 28:9-314. Perfection by control. |
§ 28:9-315. Secured party's rights on disposition of collateral and in proceeds. |
§ 28:9-316. Continued perfection of security interest following change in governing law. |
Subpart 3. Priority. |
§ 28:9-317. Interests that take priority over or take free of security interest or agricultural lien. |
§ 28:9-318. 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. |
§ 28:9-319. Rights and title of consignee with respect to creditors and purchasers. |
§ 28:9-320. Buyer of goods. |
§ 28:9-321. Licensee of general intangible and lessee of goods in ordinary course of business. |
§ 28:9-322. Priorities among conflicting security interests in and agricultural liens on same collateral. |
§ 28:9-323. Future advances. |
§ 28:9-324. Priority of purchase-money security interests. |
§ 28:9-325. Priority of security interests in transferred collateral. |
§ 28:9-326. Priority of security interests created by new debtor. |
§ 28:9-327. Priority of security interests in deposit account. |
§ 28:9-328. Priority of security interests in investment property. |
§ 28:9-329. Priority of security interests in letter-of-credit right. |
§ 28:9-330. Priority of purchaser of chattel paper or instrument. |
§ 28:9-331. 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. |
§ 28:9-332. Transfer of money; transfer of funds from deposit account. |
§ 28:9-333. Priority of certain liens arising by operation of law. |
§ 28:9-334. Priority of security interests in fixtures and crops. |
§ 28:9-335. Accessions. |
§ 28:9-336. Commingled goods. |
§ 28:9-337. Priority of security interests in goods covered by certificate of title. |
§ 28:9-338. Priority of security interest or agricultural lien perfected by filed financing statement providing certain incorrect information. |
§ 28:9-339. Priority subject to subordination. |
Subpart 4. Rights of Bank. |
§ 28:9-340. Effectiveness of right of recoupment or set-off against deposit account. |
§ 28:9-341. Bank's rights and duties with respect to deposit account. |
§ 28:9-342. Bank's right to refuse to enter into or disclose existence of control agreement. |
Part 4. Rights of Third Parties. | Back to Top |
§ 28:9-401. Alienability of debtor's rights. |
§ 28:9-402. Secured party not obligated on contract of debtor or in tort. |
§ 28:9-403. Agreement not to assert defenses against assignee. |
§ 28:9-404. Rights acquired by assignee; claims and defenses against assignee. |
§ 28:9-405. Modification of assigned contract. |
§ 28:9-407. Restrictions on creation or enforcement of security interest in leasehold interest or in lessor's residual interest. |
§ 28:9-408. Restrictions on assignment of promissory notes, health-care-insurance receivables, and certain general intangibles ineffective. |
§ 28:9-409. Restrictions on assignment of letter-of-credit rights ineffective. |
Part 5. Filing. | Back to Top |
Subpart 1. Filing Office; Contents and Effectiveness of Financing Statement. |
§ 28:9-501. Filing office. |
§ 28:9-502. Contents of financing statement; record of mortgage as financing statement; time of filing financing statement. |
§ 28:9-503. Name of debtor and secured party. |
§ 28:9-504. Indication of collateral. |
§ 28:9-505. Filing and compliance with other statutes and treaties for consignments, leases, other bailments, and other transactions. |
§ 28:9-506. Effect of errors or omissions. |
§ 28:9-507. Effect of certain events on effectiveness of financing statement. |
§ 28:9-508. Effectiveness of financing statement if new debtor becomes bound by security agreement. |
§ 28:9-509. Persons entitled to file a record. |
§ 28:9-510. Effectiveness of filed record. |
§ 28:9-511. Secured party of record. |
§ 28:9-512. Amendment of financing statement. |
§ 28:9-513. Termination statement. |
§ 28:9-514. Assignment of powers of secured party of record. |
§ 28:9-515. Duration and effectiveness of financing statement; effect of lapsed financing statement. |
§ 28:9-516. What constitutes filing; effectiveness of filing. |
§ 28:9-517. Effect of indexing errors. |
§ 28:9-518. Claim concerning inaccurate or wrongfully filed record. |
Subpart 2. Duties and Operation of Filing Office. |
§ 28:9-519. Numbering, maintaining, and indexing records; communicating information provided in records. |
§ 28:9-520. Acceptance and refusal to accept record. |
§ 28:9-521. Uniform form of written financing statement and amendment. |
§ 28:9-522. Maintenance and destruction of records. |
§ 28:9-523. Information from filing office; sale or license of records. |
§ 28:9-524. Delay by filing office. |
§ 28:9-525. Fees. |
§ 28:9-526. Filing-office rules. |
§ 28:9-527. Duty to report. |
Part 6. Default. | Back to Top |
Subpart 1. Default and Enforcement of Security Interest. |
§ 28:9-601. Rights after default; judicial enforcement; consignor or buyer of accounts, chattel paper, payment intangibles, or promissory notes. |
§ 28:9-602. Waiver and variance of rights and duties. |
§ 28:9-603. Agreement on standards concerning rights and duties. |
§ 28:9-604. Procedure if security agreement covers real property or fixtures. |
§ 28:9-605. Unknown debtor or secondary obligor. |
§ 28:9-606. Time of default for agricultural lien. |
§ 28:9-607. Collection and enforcement by secured party. |
§ 28:9-608. Application of proceeds of collection or enforcement; liability for deficiency and right to surplus. |
§ 28:9-609. Secured party's right to take possession after default. |
§ 28:9-610. Disposition of collateral after default. |
§ 28:9-611. Notification before disposition of collateral. |
§ 28:9-612. Timeliness of notification before disposition of collateral. |
§ 28:9-613. Contents and form of notification before disposition of collateral: general. |
§ 28:9-614. Contents and form of notification before disposition of collateral: consumer-goods transaction. |
§ 28:9-615. Application of proceeds of disposition; liability for deficiency and right to surplus. |
§ 28:9-616. Explanation of calculation of surplus or deficiency. |
§ 28:9-617. Rights of transferee of collateral. |
§ 28:9-618. Rights and duties of certain secondary obligors. |
§ 28:9-619. Transfer of record or legal title. |
§ 28:9-620. Acceptance of collateral in full or partial satisfaction of obligation; compulsory disposition of collateral. |
§ 28:9-621. Notification of proposal to accept collateral. |
§ 28:9-622. Effect of acceptance of collateral. |
§ 28:9-623. Right to redeem collateral. |
§ 28:9-624. Waiver. |
Subpart 2. Noncompliance with Article. |
§ 28:9-625. Remedies for secured party's failure to comply with article. |
§ 28:9-626. Action in which deficiency or surplus is in issue. |
§ 28:9-627. Determination of whether conduct was commercially reasonable. |
§ 28:9-628. Nonliability and limitation on liability of secured party; liability of secondary obligor. |
Part 7. Transition. | Back to Top |
§ 28:9-701. Effective date. |
§ 28:9-702. Savings clause. |
§ 28:9-703. Security interest perfected before July 1, 2001. |
§ 28:9-704. Security interest unperfected before July 1, 2001. |
§ 28:9-705. Effectiveness of action taken before July 1, 2001. |
§ 28:9-706. When initial financing statement suffices to continue effectiveness of financing statement. |
§ 28:9-707. Amendment of pre-effective-date financing statement. |
§ 28:9-708. Persons entitled to file initial financing statement or continuation statement. |
§ 28:9-709. Priority. |
Refs & Annos
OLD ARTICLE 9 NEW ARTICLE 9
9-101........................................................................... 9-101
9-102........................................................................... 9-109
9-103(1)(a), (b); (c) omitted.................................................. 9-301
9-103(1)(d)..................................................................... 9-316
9-103(2)(a), (b); (c) omitted.................................................. 9-303, 9-316
9-103(2)(d)..................................................................... 9-337
9-103(3)(a), (b); (c) omitted.................................................. 9-301
9-103(3)(d)..................................................................... 9-307
9-103(3)(e)..................................................................... 9-316
9-103(4)........................................................................ 9-301
9-103(5)........................................................................ 9-301
9-103(6)........................................................................ 9-301, 9-305, 9-306
9-104........................................................................... 9-109
9-105........................................................................... 9-102
9-106........................................................................... 9-102
9-107........................................................................... 9-103
9-108........................................................................... Omitted as no longer needed
9-109........................................................................... 9-102
9-110........................................................................... 9-108
9-111........................................................................... Deleted as unnecessary
9-112........................................................................... Omitted--see 9-102(a)(28)
9-113........................................................................... 9-110
9-114........................................................................... Omitted--see 9-103 and 9-324
9-115(1)........................................................................ 9-102, 9-106
9-115(2)........................................................................ 9-203, 9-308
9-115(3)........................................................................ 9-108
9-115(4)........................................................................ 9-309, 9-312, 9-314
9-115(5)........................................................................ 9-327, 9-328, 9-329
9-115(6)........................................................................ 9-203, 9-313
9-115(e)........................................................................ 9-106
9-116........................................................................... 9-206, 9-309
9-201........................................................................... 9-201
9-202........................................................................... 9-202
9-203(1)-(3).................................................................... 9-203
9-203(4)........................................................................ 9-201
9-204........................................................................... 9-204
9-205........................................................................... 9-205
9-206........................................................................... 9-403
9-207........................................................................... 9-207
9-208........................................................................... 9-210
9-301(1)-(2).................................................................... 9-317
9-301(3)........................................................................ 9-102
9-301(4)........................................................................ 9-323
9-302(1)........................................................................ 9-309, 9-310
9-302(2)........................................................................ 9-310
9-302(3), (4)................................................................... 9-311
9-303........................................................................... 9-308
9-304........................................................................... 9-312
9-305........................................................................... 9-306, 9-313
9-306........................................................................... 9-315
9-307(1)-(2).................................................................... 9-320
9-307(3)........................................................................ 9-323
9-308........................................................................... 9-330
9-309........................................................................... 9-331
9-310........................................................................... 9-333
9-311........................................................................... 9-401
9-312(1)........................................................................ 9-322
9-312(2)........................................................................ omitted
9-312(3), (4)................................................................... 9-324
9-312(5), (6)................................................................... 9-322
9-312(7)........................................................................ 9-323
9-313(1)-(7).................................................................... 9-334
9-313(8)........................................................................ 9-604
9-314........................................................................... 9-335
9-315........................................................................... 9-336
9-316........................................................................... 9-339
9-317........................................................................... 9-402
9-318(1)........................................................................ 9-404
9-318(2)........................................................................ 9-405
9-318(3), (4)................................................................... 9-406
9-401........................................................................... 9-501
9-402(1)........................................................................ 9-504, 9-502
9-402(2)........................................................................ Omitted as unnecessary
9-402(3)........................................................................ 9-521
9-402(4)........................................................................ 9-512
9-402(5), (6)................................................................... 9-502
9-402(7)........................................................................ 9-503(a)(4), 9-507
9-402(8)........................................................................ 9-506
9-403(1)........................................................................ 9-516(a)
9-403(2)........................................................................ 9-515
9-403(3)........................................................................ 9-515, 9-522
9-403(4)........................................................................ 9-519
9-403(5)........................................................................ 9-525
9-403(6)........................................................................ 9-515
9-403(7)........................................................................ 9-519
9-404........................................................................... 9-513
9-405........................................................................... 9-514, 9-519
9-406........................................................................... 9-512
9-407........................................................................... 9-523
9-408........................................................................... 9-505
9-501(1), (2)................................................................... 9-601
9-501(3)........................................................................ 9-602, 9-603
9-501(4)........................................................................ 9-604
9-501(5)........................................................................ 9-601
9-502........................................................................... 9-607, 9-608
9-503........................................................................... 9-609
9-504(1)........................................................................ 9-610, 9-615
9-504(2)........................................................................ 9-615
9-504(3)........................................................................ 9-610, 9-611, 9-624
9-504(4)........................................................................ 9-617
9-504(5)........................................................................ 9-618
9-505........................................................................... 9-620, 9-621, 9-624
9-506........................................................................... 9-623, 9-624
9-507........................................................................... 9-625, 9-627
OTHER CODE SECTIONS NEW ARTICLE 9
2-326(3)........................................................................ 9-102
2A-303(3)....................................................................... 9-407
2A-307(2)(b) and (c)............................................................ 9-317
2A-307(3)....................................................................... 9-321
2A-307(4)....................................................................... 9-323
Table Indicating Sources or Derivations of New Article 9 Sections
and Conforming Amendments
NEW ARTICLE 9 SECTIONS PRIMARY OLD ARTICLE 9 AND (NOTE MANY SECTIONS CONTAIN OTHER CODE SECTIONS SOME NEW COVERAGE)
9-101........................................................................... 9-101
9-102........................................................................... 9-105, 9-106, 9-109, 9-301(3), 9-306(1), 9-115, 2-326(3)
9-103........................................................................... 9-107
9-104(New)...................................................................... Derived from 8-106
9-105(New)...................................................................... Derived from 8-106
9-106........................................................................... 8-106 and 9-115(e)
9-107(New)...................................................................... Derived from 8-106
9-108........................................................................... 9-110, 9-115(3)
9-109........................................................................... 9-102, 9-104
9-110........................................................................... 9-113
9-201........................................................................... 9-201, 9-203(4)
9-202........................................................................... 9-202
9-203........................................................................... 9-203, 9-115(2), (6)
9-204........................................................................... 9-204
9-205........................................................................... 9-205
9-206........................................................................... 9-116
9-207........................................................................... 9-207
9-208(New)
9-209(New)
9-210........................................................................... 9-208
9-301........................................................................... 9-103(1)(a), (b), 9-103(3)(a), (b), 9-103(4) 9-103(5) substantially modified
9-302(New)
9-303........................................................................... 9-103(2)(a), (b), substantially revised
9-304(New)...................................................................... Derived from 8-110(e) and former 9-103(6)
9-305........................................................................... 9-103(6)
9-306(New)...................................................................... Derived in part from 8-110(e) and 9-305 and former 9-103(6)
9-307........................................................................... 9-103(3)(d), as substantially revised
9-308........................................................................... 9-303, 9-115(2)
9-309........................................................................... 9-302(1), 9-115(4)(c), (d), 9-116
9-310........................................................................... 9-302(1), (2)
9-311........................................................................... 9-302(3), (4)
9-312........................................................................... 9-115(4) and 9-304, with additions and some changes
9-313........................................................................... 9-305, 9-115(6)
9-314(New in part).............................................................. 9-115(4) and derived from 8-106
9-315........................................................................... 9-306
9-316........................................................................... 9-103(1)(d), (2)(b), (3)(e), as modified
9-317........................................................................... 9-301, 2A-307(2)
9-318(New)
9-319(New)
9-320........................................................................... 9-307
9-321........................................................................... 2A-103(1)(o), 2A-307(3)
9-322........................................................................... 9-312(5), (6)
9-323........................................................................... 9-312(7), 9-301(4), 9-307(3), 2A-307(4)
9-324........................................................................... 9-312(3), (4)
9-325(New)...................................................................... But see 9-402(7)
9-326(New)...................................................................... But see 9-402(7)
9-327........................................................................... Derived from 9-115(5)
9-328........................................................................... 9-115(5)
9-329(New)...................................................................... Loosely modeled after former 9-115(5). See also 5-114 and 5-118
9-330........................................................................... 9-308
9-331........................................................................... 9-309
9-332(New)...................................................................... but see Comment 2(c) to 9-306
9-333........................................................................... 9-310
9-334........................................................................... 9-313
9-335(New)...................................................................... Section replaces former 9-314
9-336(New)...................................................................... Section replaces former 9-315
9-337........................................................................... Derived from 9-103(2)(d)
9-338(New)
9-339........................................................................... 9-316
9-340(New)
9-341(New)
9-342(New)...................................................................... Derived from 8-106(g)
9-401........................................................................... 9-311
9-402........................................................................... 9-317
9-403........................................................................... 9-206
9-404........................................................................... 9-318(1)
9-405........................................................................... 9-318(2)
9-406........................................................................... 9-318(3), (4)
9-407........................................................................... 2A-303
9-408(New)
9-409(New)...................................................................... See also 5-114
9-501........................................................................... Derived from former 9-401
9-502........................................................................... 9-402(1), (5), (6)
9-503(New)...................................................................... Subsection (a)(4), (b) and (c) derive from former 9-402(7); otherwise, new
9-504........................................................................... 9-402(1)
9-505........................................................................... 9-408
9-506........................................................................... 9-402(8)
9-507........................................................................... 9-402(7)
9-508(New)...................................................................... But see 9-402(7)
9-509(New)
9-510(New)
9-511(New)
9-512........................................................................... 9-402(4)
9-513........................................................................... 9-404
9-514........................................................................... 9-405
9-515........................................................................... 9-403(2), (3), (6)
9-516(Basically New)............................................................ Subsection (a) is former 9-403(1); the remainder is new
9-517(New)
9-518(New)
9-519........................................................................... 9-403(4), (7); 9-405(2)
9-520(New)
9-521(New)
9-522........................................................................... 9-403(3), revised substantially
9-523........................................................................... 9-407; subsections (d) and (e) are new
9-524(New)...................................................................... Derived from 4-109
9-525........................................................................... Various sections of former Part 4
9-526(New)...................................................................... Subsection (b) derives in part from the Uniform Consumer Credit Code (1974)
9-527(New)...................................................................... Derived in part from the Uniform Consumer Credit Code (1974)
9-601........................................................................... 9-501(1), (2), (5)
9-602........................................................................... 9-501(3)
9-603........................................................................... 9-501(3)
9-604........................................................................... 9-501(4), 9-313(8)
9-605(New)
9-606(New)
9-607........................................................................... 9-502, subsections (b), (d), and (e) are new
9-608........................................................................... Subsection (a) is new. Subsection (b) derives from former 9-502(2)
9-609........................................................................... 9-503
9-610........................................................................... 9-504(1), (3)
9-611........................................................................... 9-504(3)
9-612(New)
9-613(New)
9-614(New)
9-615........................................................................... 9-504(1), (2)
9-616(New)
9-617........................................................................... 9-504(4)
9-618........................................................................... 9-504(5)
9-619(New)
9-620........................................................................... 9-505
9-621........................................................................... 9-505
9-622(New)
9-623........................................................................... 9-506
9-624........................................................................... 9-504(3), 9-505, 9-506
9-625........................................................................... 9-507
9-626(New)
9-627........................................................................... 9-507(2)
9-628(New)
9-701........................................................................... No comparable provision in Article 9 (See Article 10)
9-702........................................................................... No comparable provision in Article 9 (See Article 10)
9-703........................................................................... No comparable provision in Article 9 (See Article 10)
9-704........................................................................... No comparable provision in Article 9 (See Article 10)
9-705........................................................................... No comparable provision in Article 9 (See Article 10)
9-706........................................................................... No comparable provision in Article 9 (See Article 10)
9-707........................................................................... No comparable provision in Article 9 (See Article 10)
9-708........................................................................... No comparable provision in Article 9 (See Article 10)
9-709........................................................................... No comparable provision in Article 9 (See Article 10)
Conforming Amendments to Other Code Sections and Comments
1-105(2)
1-201(9), (32), (37)
2-103(3)
2-210; New subsection (3) added
2-312; Comment
2-326(3)
2-502 (1) and (2)
2-716(3)
2A-103(3)
2A-303
2A-307
2A-309
4-210
5-118 (New)
Article 6 (unless repealed)
7-503
8-102 Comment
8-103 (f)
8-106 and Comment
8-110
8-301 (3)
8-302 (a)
8-502 Comment
8-510
REVISION OF ARTICLE 9 OF THE UCC
<D.C. Law 13-201 § 101 enacted the revision of the Uniform Commercial Code, Article 9, Secured Transactions, effective July 1, 2001. For applicability of provisions of Article 9 in effect prior to July 1, 2001, see the transition provisions in § 28:9-701 et seq. For text of provisions in effect prior to the revision, see the text of Article 9, Appendix, immediately following this article.>