General Laws of Massachusetts (Last Updated: January 16, 2020) |
PART I ADMINISTRATION OF THE GOVERNMENT |
TITLE XV. REGULATION OF TRADE |
CHAPTER 106. UNIFORM COMMERCIAL CODE |
ARTICLE 9. SECURED TRANSACTIONS |
SECTION 9-101. Short Title |
SECTION 9-102. Definitions and Index of Definitions |
SECTION 9-103. Purchase-money Security Interest; Application of Payments; Burden of Establishing |
SECTION 9-104. Control of Deposit Account |
SECTION 9-105. Control of Electronic Chattel Paper |
SECTION 9-106. Control of Investment Property |
SECTION 9-107. Control of Letter-of-Credit Right |
SECTION 9-108. Sufficiency of Description |
SECTION 9-109. Scope |
SECTION 9-110. Security Interests Arising Under Article 2 or 2A |
SECTION 9-201. General Effectiveness of Security Agreement |
SECTION 9-202. Title to Collateral Immaterial |
SECTION 9-203. Attachment and Enforceability of Security Interest; Proceeds; Supporting Obligations; Formal Requisites |
SECTION 9-204. After-Acquired Property; Future Advances |
SECTION 9-205. Use or Disposition of Collateral Permissible |
SECTION 9-206. Security Interest Arising in Purchase or Delivery of Financial Asset |
SECTION 9-207. Rights and Duties of Secured Party Having Possession or Control of Collateral |
SECTION 9-208. Additional Duties of Secured Party Having Control of Collateral |
SECTION 9-209. Duties of Secured Party if Account Debtor has been Notified of Assignment |
SECTION 9-210. Request for Accounting; Request Regarding List of Collateral or Statement of Account |
SECTION 9-301. Law Governing Perfection and Priority of Security Interests |
SECTION 9-302. Law Governing Perfection and Priority of Agricultural Liens |
SECTION 9-303. Law Governing Perfection and Priority of Security Interests in Goods Covered by a Certificate of Title |
SECTION 9-304. Law Governing Perfection and Priority of Security Interests in Deposit Accounts |
SECTION 9-305. Law Governing Perfection and Priority of Security Interests in Investment Property |
SECTION 9-306. Law Governing Perfection and Priority of Security Interests in Letter-of-Credit Rights |
SECTION 9-307. Location of Debtor |
SECTION 9-308. When Security Interest or Agricultural Lien is Perfected; Continuity of Perfection |
SECTION 9-309. Security Interest Perfected Upon Attachment |
SECTION 9-310. When Filing Required to Perfect Security Interest or Agricultural Lien; Security Interests and Agricultural Liens to Which Filing Provisions Do Not Apply |
SECTION 9-311. Perfection of Security Interests in Property Subject to Certain Statutes, Regulations, and Treaties |
SECTION 9-313. When Possession by or Delivery to Secured Party Perfects Security Interest Without Filing |
SECTION 9-314. Perfection by Control |
SECTION 9-315. Secured Party's Rights on Disposition of Collateral and in Proceeds |
SECTION 9-316. Continued Perfection of Security Interest Following Change in Governing Law |
SECTION 9-317. Interests That Take Priority Over or Take Free of Security Interest or Agricultural Lien |
SECTION 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 |
SECTION 9-319. Rights and Title of Consignee with Respect to Creditors and Purchasers |
SECTION 9-320. Buyer of Goods |
SECTION 9-321. License of General Intangible and Lessee of Goods in Ordinary Course of Business |
SECTION 9-322. Priorities Among Conflicting Security Interests in and Agricultural Liens on Same Collateral |
SECTION 9-323. Future Advances |
SECTION 9-324. Priority of Purchase-money Security Interests |
SECTION 9-325. Priority of Security Interests in Transferred Collateral |
SECTION 9-326. Priority of Security Interests Created by New Debtor |
SECTION 9-327. Priority of Security Interests in Deposit Account |
SECTION 9-328. Priority of Security Interests in Investment Property |
SECTION 9-329. Priority of Security Interests in Letter-of-credit Right |
SECTION 9-330. Priority of Purchaser of Chattel Paper or Instrument |
SECTION 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 |
SECTION 9-332. Transfer of Money; Transfer of Funds from Deposit Account |
SECTION 9-333. Priority of Certain Liens Arising by Operation of Law |
SECTION 9-334. Priority of Security Interests in Fixtures and Crops |
SECTION 9-335. Accessions |
SECTION 9-336. Commingled Goods |
SECTION 9-337. Priority of Security Interests in Goods Covered by Certificate of Title |
SECTION 9-338. Priority of Security Interest or Agricultural Lien Perfected by Filed Financing Statement Providing Certain Incorrect Information |
SECTION 9-339. Priority Subject to Subordination |
SECTION 9-340. Effectiveness of Right of Recoupment or Set-off Against Deposit Account |
SECTION 9-341. Bank's Rights and Duties with Respect to Deposit Account |
SECTION 9-342. Bank's right to refuse to enter into or disclose existence of control agreement |
SECTION 9-401. Alienability of Debtor's Rights |
SECTION 9-402. Secured Party Not Obligated On Contract Of Debtor Or In Tort |
SECTION 9-403. Agreement Not to Assert Defenses Against Assignee |
SECTION 9-404. Rights Acquired by Assignee; Claims and Defenses Against Assignee |
SECTION 9-405. Modification of Assigned Contract |
SECTION 9-407. Restrictions on Creation or Enforcement of Security Interest in Leasehold Interest or in Lessor's Residual Interest |
SECTION 9-408. Restrictions on Assignment of Promissory Notes, Health-Care-Insurance Receivables, and Certain General Intangibles Ineffective |
SECTION 9-409. Restrictions on Assignment of Letter-of-Credit Rights Ineffective |
SECTION 9-501. Filing Office |
SECTION 9-502. Contents of Financing Statement; Record of Mortgage as Financing Statement; Time of Filing Financing Statement |
SECTION 9-503. Name of Debtor and Secured Party |
SECTION 9-504. Indication of Collateral |
SECTION 9-505. Filing and Compliance With Other Statutes and Treaties for Consignments, Leases, Other Bailments, and Other Transactions |
SECTION 9-506. Effect of Errors or Omissions |
SECTION 9-507. Effect of Certain Events on Effectiveness of Financing Statement |
SECTION 9-508. Effectiveness of Financing Statement if New Debtor Becomes Bound by Security Agreement |
SECTION 9-509. Persons Entitled to File a Record |
SECTION 9-510. Effectiveness of Filed Record |
SECTION 9-511. Secured Party of Record |
SECTION 9-512. Amendment of Financing Statement |
SECTION 9-513. Termination Statement |
SECTION 9-514. Assignment of Powers of Secured Party of Record |
SECTION 9-515. Duration and Effectiveness of Financing Statement; Effect of Lapsed Financing Statement |
SECTION 9-516. What Constitutes Filing; Effectiveness of Filing |
SECTION 9-516A. Expired. See 2001, 26, Sec. 39 |
SECTION 9-517. Effect of Indexing Errors |
SECTION 9-518. Claim Concerning Inaccurate or Wrongfully Filed Record |
SECTION 9-519. Numbering, Maintaining, and Indexing Records; Communicating Information Provided in Records |
SECTION 9-520. Acceptance and Refusal to Accept Record |
SECTION 9-520A. Expired. See 2001, 26, Sec. 39 |
SECTION 9-521. Uniform Form of Written Financing Statement and Amendment |
SECTION 9-522. Maintenance and Destruction of Records |
SECTION 9-523. Information from Filing Office; Sale or License of Records |
SECTION 9-524. Delay by Filing Office |
SECTION 9-525. Fees |
SECTION 9-526. Filing-Office Rules |
SECTION 9-601. Rights After Default; Judicial Enforcement; Consignor or Buyer of Accounts, Chattel Paper, Payment Intangibles, or Promissory Notes |
SECTION 9-602. Waiver and Variance of Rights and Duties |
SECTION 9-603. Agreement on Standards Concerning Rights and Duties |
SECTION 9-604. Procedure if Security Agreement Covers Real Property or Fixtures |
SECTION 9-605. Unknown Debtor or Secondary Obligor |
SECTION 9-606. Time of Default for Agricultural Lien |
SECTION 9-607. Collection and Enforcement by Secured Party |
SECTION 9-608. Application of Proceeds of Collection or Enforcement; Liability for Deficiency and Right to Surplus |
SECTION 9-609. Secured Party's Right to Take Possession After Default |
SECTION 9-610. Disposition of Collateral After Default |
SECTION 9-611. Notification Before Disposition of Collateral |
SECTION 9-612. Timeliness of Notification Before Disposition of Collateral |
SECTION 9-613. Contents and Form of Notification Before Disposition of Collateral: General |
SECTION 9-614. Contents and Form of Notification Before Disposition of Collateral: Consumer-Goods Transaction |
SECTION 9-615. Application of Proceeds of Disposition; Liability for Deficiency and Right to Surplus |
SECTION 9-616. Explanation of Calculation of Surplus or Deficiency |
SECTION 9-617. Rights of Transferee of Collateral |
SECTION 9-618. Rights and Duties of Certain Secondary Obligors |
SECTION 9-619. Transfer of Record or Legal Title |
SECTION 9-620. Acceptance of Collateral in Full or Partial Satisfaction of Obligation; Compulsory Disposition of Collateral |
SECTION 9-621. Notification of Proposal to Accept Collateral |
SECTION 9-622. Effect of Acceptance of Collateral |
SECTION 9-623. Right to Redeem Collateral |
SECTION 9-624. Waiver |
SECTION 9-625. Remedies for Secured Party's Failure to Comply with Article |
SECTION 9-626. Action in Which Deficiency or Surplus is in Issue |
SECTION 9-627. Determination of Whether Conduct was Commercially Reasonable |
SECTION 9-628. Nonliability and Limitation on Liability of Secured Party; Liability of Secondary Obligor |
SECTION 9-701. Effective Date |
SECTION 9-702. Savings Clause |
SECTION 9-703. Security Interest Perfected Before Effective Date |
SECTION 9-704. Security Interest Unperfected Before Effective Date |
SECTION 9-705. Effectiveness of Action Taken Before Effective Date |
SECTION 9-706. When Initial Financing Statement Suffices to Continue Effectiveness of Financing Statement |
SECTION 9-707. Amendment of Pre-effective-date Financing Statement |
SECTION 9-708. Persons Entitled to File Initial Financing Statement or Continuation Statement |
SECTION 9-709. Priority |
SECTION 9-801. Effective Date |
SECTION 9-802. Savings Clause |
SECTION 9-803. Security Interest Perfected Before Effective Date |
SECTION 9-804. Security Interest Unperfected Before Effective Date |
SECTION 9-805. Effectiveness Of Action Taken Before Effective Date |
SECTION 9-806. When Initial Financing Statement Suffices To Continue Effectiveness Of Financing Statement |
SECTION 9-807. Amendment Of Pre-Effective Date Financing Statement |
SECTION 9-808. Person Entitled To File Initial Financing Statement Or Continuation Statement |
SECTION 9-809. Priority |