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Title XXVI TRADE AND COMMERCE

Chapter 400 Uniform Commercial Code ^  !
ARTICLE 1. GENERAL PROVISIONS_Part 1. General Provisions
400.1-101   Short titles. (8/28/2017)
400.1-102   Scope of article. (8/28/2017)
400.1-103   Construction of code to promote its purpose and policies — applicability of ... (8/28/2017)
400.1-104   Construction against implicit repeal. (8/28/1963)
400.1-105   Severability. (8/28/2017)
400.1-106   Use of singular and plural — gender. (8/28/2017)
400.1-107   Section captions. (8/28/2017)
400.1-108   Relation to Electronic Signatures in Global and National Commerce Act. (8/28/2017)
Part 2. General Definitions and Principles of Interpretation
400.1-201   General definitions. (8/28/2017)
400.1-202   Notice — knowledge. (8/28/2017)
400.1-203   Lease distinguished from security interest. (8/28/2017)
400.1-204   Value. (8/28/2017)
400.1-205   Reasonable time — seasonableness. (8/28/2017)
400.1-206   Presumptions. (8/28/2017)
Part 3. Territorial Applicability and General Rules
400.1-301   Territorial applicability — parties' power to choose applicable law. (8/28/2017)
400.1-302   Variation by agreement. (8/28/2017)
400.1-303   Course of performance, course of dealing, and usage of trade. (8/28/2017)
400.1-304   Obligation of good faith. (8/28/2017)
400.1-305   Remedies to be liberally administered. (8/28/2017)
400.1-306   Waiver of renunciation of claim of right after breach. (8/28/2017)
400.1-307   Prima facie evidence of third-party documents. (8/28/2017)
400.1-308   Performance or acceptance under reservation of rights. (8/28/2017)
400.1-309   Option to accelerate at will. (8/28/2017)
400.1-310   Subordinated obligations. (8/28/2017)
ARTICLE 2. SALES_Part 1. Short Title, General Construction and Subject Matter
400.2-101   Short title. (8/28/1963)
400.2-102   Scope — certain security and other transactions excluded from this article. (8/28/1963)
400.2-103   Definitions and index of definitions. (7/1/2001)
400.2-104   Definitions — "merchant" — "between merchants" — "financing agency". (8/28/1963)
400.2-105   Definitions — transferability — "goods" — "future" goods — "lot" — ... (8/28/1963)
400.2-106   Definitions — "contract" — "agreement" — "contract for sale" — "sale" — ... (8/28/1963)
400.2-107   Goods to be severed from realty — recording. (1/1/1989)
Part 2. Form, Formation and Readjustment of Contract
400.2-201   Formal requirements — statute of frauds. (8/28/1963)
400.2-202   Final written expression — parol or extrinsic evidence. (8/28/1963)
400.2-203   Seals inoperative. (8/28/1963)
400.2-204   Formation in general. (8/28/1963)
400.2-205   Firm offers. (8/28/1963)
400.2-206   Offer and acceptance in formation of contract. (8/28/1963)
400.2-207   Additional terms in acceptance or confirmation. (8/28/1963)
400.2-208   Course of performance or practical construction. (8/28/1963)
400.2-209   Modification, rescission and waiver. (8/28/1963)
400.2-210   Delegation of performance — assignment of rights. (7/1/2001)
Part 3. General Obligation and Construction of Contract
400.2-301   General obligations of parties. (8/28/1963)
400.2-302   Unconscionable contract or clause. (8/28/1963)
400.2-303   Allocation or division of risks. (8/28/1963)
400.2-304   Price payable in money, goods, realty, or otherwise. (8/28/1963)
400.2-305   Open price term. (8/28/1963)
400.2-306   Output, requirements and exclusive dealings. (8/28/1963)
400.2-307   Delivery in single lot or several lots. (8/28/1963)
400.2-308   Absence of specified place for delivery. (8/28/1963)
400.2-309   Absence of specific time provisions — notice of termination. (8/28/1963)
400.2-310   Open time for payment or running of credit — authority to ship under ... (8/28/1963)
400.2-311   Options and cooperation respecting performance. (8/28/1963)
400.2-312   Warranty of title and against infringement — buyer's obligation against ... (8/28/1963)
400.2-313   Express warranties by affirmation, promise, description, sample. (8/28/1963)
400.2-314   Implied warranty — merchantability — usage of trade. (8/28/1963)
400.2-315   Implied warranty — fitness for particular purpose. (8/28/1963)
400.2-316   Exclusion or modification of warranties — livestock warranties of fitness ... (8/28/1980)
400.2-317   Cumulation and conflict of warranties express or implied. (8/28/1963)
400.2-318   Third party beneficiaries of warranties express or implied. (8/28/1963)
400.2-319   F.O.B. and F.A.S. terms. (8/28/1963)
400.2-320   C.I.F. and C.&F. terms. (8/28/1963)
400.2-321   C.I.F. or C.&F. — "net landed weights" — payment on arrival — warranty of ... (8/28/1965)
400.2-322   Delivery "ex-ship". (8/28/1963)
400.2-323   Form of bill of lading required in overseas shipment — "overseas". (8/28/1963)
400.2-324   "No arrival, no sale" term. (8/28/1963)
400.2-325   "Letter of credit" term — "confirmed credit". (8/28/1963)
400.2-326   Sale on approval and sale or return — rights of creditors. (7/1/2001)
400.2-327   Special incidents of sale on approval and sale or return. (8/28/1963)
400.2-328   Sale by auction. (8/28/1963)
Part 4. Title, Creditors and Good Faith Purchasers
400.2-401   Passing of title — reservation for security — limited application of this ... (7/1/2001)
400.2-402   Rights of seller's creditors against sold goods. (8/28/1963)
400.2-403   Power to transfer — good faith purchase of goods — "entrusting". (8/28/1963)
Part 5. Performance
400.2-501   Insurable interest in goods — manner of identification of goods. (8/28/1963)
400.2-502   Buyer's right to goods on seller's repudiation, failure to deliver, or ... (7/1/2001)
400.2-503   Manner of seller's tender of delivery. (8/28/1963)
400.2-504   Shipment by seller. (8/28/1963)
400.2-505   Seller's shipment under reservation. (8/28/1963)
400.2-506   Rights of financing agency. (8/28/1963)
400.2-507   Effect of seller's tender — delivery on condition. (8/28/1963)
400.2-508   Cure by seller of improper tender or delivery — replacement. (8/28/1963)
400.2-509   Risk of loss in the absence of breach. (8/28/1963)
400.2-510   Effect of breach on risk of loss. (8/28/1963)
400.2-511   Tender of payment by buyer — payment by check. (8/28/1992)
400.2-512   Payment by buyer before inspection. (8/28/1997)
400.2-513   Buyer's right to inspection of goods. (8/28/1963)
400.2-514   When documents deliverable on acceptance — when on payment. (8/28/1963)
400.2-515   Preserving evidence of goods in dispute. (8/28/1963)
Part 6. Breach, Repudiation and Excuse
400.2-601   Buyer's rights on improper delivery. (8/28/1963)
400.2-602   Manner and effect of rightful rejection. (8/28/1963)
400.2-603   Merchant buyer's duties as to rightfully rejected goods. (8/28/1963)
400.2-604   Buyer's options as to salvage of rightfully rejected goods. (8/28/1963)
400.2-605   Waiver of buyer's objections by failure to particularize. (8/28/1963)
400.2-606   What constitutes acceptance of goods. (8/28/1963)
400.2-607   Effect of acceptance — notice of breach — burden of establishing breach ... (8/28/1963)
400.2-608   Revocation of acceptance in whole or in part. (8/28/1963)
400.2-609   Right to adequate assurance of performance. (8/28/1963)
400.2-610   Anticipatory repudiation. (8/28/1963)
400.2-611   Retraction of anticipatory repudiation. (8/28/1963)
400.2-612   "Installment contract" — breach. (8/28/1963)
400.2-613   Casualty to identified goods. (8/28/1963)
400.2-614   Substituted performance. (8/28/1963)
400.2-615   Excuse by failure of presupposed conditions. (8/28/1963)
400.2-616   Procedure on notice claiming excuse. (8/28/1963)
Part 7. Remedies
400.2-701   Remedies for breach of collateral contracts not impaired. (8/28/1963)
400.2-702   Seller's remedies on discovery of buyer's insolvency. (8/28/1963)
400.2-703   Seller's remedies in general. (8/28/1963)
400.2-704   Seller's right to identify goods to the contract not withstanding breach or ... (8/28/1963)
400.2-705   Seller's stoppage of delivery in transit or otherwise. (8/28/1963)
400.2-706   Seller's resale including contract for resale. (8/28/1963)
400.2-707   "Person in the position of a seller". (8/28/1963)
400.2-708   Seller's damages for nonacceptance or repudiation. (8/28/1963)
400.2-709   Action for the price. (8/28/1963)
400.2-710   Seller's incidental damages. (8/28/1963)
400.2-711   Buyer's remedies in general — buyer's security interest in rejected goods. (8/28/1963)
400.2-712   "Cover" — buyer's procurement of substitute goods. (8/28/1963)
400.2-713   Buyer's damages for nondelivery or repudiation. (8/28/1963)
400.2-714   Buyer's damages for breach in regard to accepted goods. (8/28/1963)
400.2-715   Buyer's incidental and consequential damages. (8/28/1963)
400.2-716   Buyer's right to specific performance or replevin. (7/1/2001)
400.2-717   Deduction of damages from the price. (8/28/1963)
400.2-718   Liquidation or limitation of damages — deposits. (8/28/1963)
400.2-719   Contractual modification or limitation of remedy. (8/28/1963)
400.2-720   Effect of "cancellation" or "rescission" on claims for antecedent breach. (8/28/1963)
400.2-721   Remedies for fraud. (8/28/1963)
400.2-722   Who can sue third parties for injury to goods. (8/28/1963)
400.2-723   Proof of market price — time and place. (8/28/1963)
400.2-724   Admissibility of market quotations. (8/28/1963)
400.2-725   Statute of limitations in contracts for sale. (8/28/1963)
ARTICLE 2A. LEASES_Part 1. General Provisions
400.2A-101   Short title. (8/28/1992)
400.2A-102   Scope. (8/28/1992)
400.2A-103   Definitions and index of definitions. (8/28/2014)
400.2A-104   Leases subject to other law. (8/28/1992)
400.2A-105   Territorial application of article to goods covered by certificate of title. (8/28/1992)
400.2A-106   Limitation on power of parties to consumer lease to choose applicable law ... (8/28/1992)
400.2A-107   Waiver or renunciation of claim or right after death. (8/28/1992)
400.2A-108   Unconscionability. (8/28/1992)
400.2A-109   Option to accelerate at will. (8/28/1992)
Part 2. Formation and Construction of Lease Contract
400.2A-201   Statute of frauds. (8/28/1992)
400.2A-202   Final written expression — parol or extrinsic evidence. (8/28/1992)
400.2A-203   Seals inoperative. (8/28/1992)
400.2A-204   Formation in general. (8/28/1992)
400.2A-205   Firm offers. (8/28/1992)
400.2A-206   Offer and acceptance in formation of lease contract. (8/28/1992)
400.2A-207   Course of performance or practical construction. (8/28/1992)
400.2A-208   Modification, rescission and waiver. (8/28/1992)
400.2A-209   Lessee under finance lease as beneficiary of supply contract. (8/28/1992)
400.2A-210   Express warranties. (8/28/1992)
400.2A-211   Warranties against interference and against infringement — lessee's ... (8/28/1992)
400.2A-212   Implied warranty of merchantability. (8/28/1992)
400.2A-213   Implied warranty of fitness for particular purpose. (8/28/1992)
400.2A-214   Exclusion or modification of warranties. (8/28/1992)
400.2A-215   Cumulation and conflict of warranties express or implied. (8/28/1992)
400.2A-216   Third-party beneficiaries of express and implied warranties. (8/28/1992)
400.2A-217   Identification. (8/28/1992)
400.2A-218   Insurance and proceeds. (8/28/1992)
400.2A-219   Risk of loss. (8/28/1992)
400.2A-220   Effect of default on risk of loss. (8/28/1992)
400.2A-221   Casualty to identified goods. (8/28/1992)
Part 3. Effect of Lease Contract
400.2A-301   Enforceability of lease contract. (8/28/1992)
400.2A-302   Title to and possession of goods. (8/28/1992)
400.2A-303   Alienability of party's interest under lease contract or of lessor's ... (7/1/2001)
400.2A-304   Subsequent lease of goods by lessor. (8/28/1992)
400.2A-305   Sale or sublease of goods by lessee. (8/28/1992)
400.2A-306   Priority of certain liens arising by operation of law. (8/28/1992)
400.2A-307   Priority of liens arising by attachment or levy on — security interest in — ... (7/1/2001)
400.2A-308   Special rights of creditors. (8/28/1992)
400.2A-309   Lessor's and lessee's rights when goods become fixtures. (7/1/2001)
400.2A-310   Lessor's and lessee's rights when goods become accessions. (8/28/1992)
400.2A-311   Priority subject to subordination. (8/28/1992)
Part 4. Performance of Lease Contract — Repudiated, Substituted and Excused
400.2A-401   Insecurity — adequate assurance of performance. (8/28/1992)
400.2A-402   Anticipatory repudiation. (8/28/1992)
400.2A-403   Retraction of anticipatory repudiation. (8/28/1992)
400.2A-404   Substituted performance. (8/28/1992)
400.2A-405   Excused performance. (8/28/1992)
400.2A-406   Procedure on excused performance. (8/28/1992)
400.2A-407   Irrevocable promises — finance leases. (8/28/1992)
Part 5. Default_A. In General
400.2A-501   Default — procedure. (8/28/1992)
400.2A-502   Notice after default. (8/28/1992)
400.2A-503   Modification or impairment of rights and remedies. (8/28/1992)
400.2A-504   Liquidation of damages. (8/28/1992)
400.2A-505   Cancellation and termination and effect of cancellation, termination, ... (8/28/1992)
400.2A-506   Statute of limitations. (8/28/1992)
400.2A-507   Proof of market rent — time and place. (8/28/1992)
B. Default by Lessor
400.2A-508   Lessee's remedies. (8/28/1992)
400.2A-509   Lessee's rights on improper delivery — rightful rejection. (8/28/1992)
400.2A-510   Installment lease contracts — rejection and default. (8/28/1992)
400.2A-511   Merchant lessee's duties as to rightfully rejected goods. (8/28/1992)
400.2A-512   Lessee's duties as to rightfully rejected goods. (8/28/1992)
400.2A-513   Cure by lessor of improper tender or delivery — replacement. (8/28/1992)
400.2A-514   Waiver of lessee's objections. (8/28/1992)
400.2A-515   Acceptance of goods. (8/28/1992)
400.2A-516   Effect of acceptance of goods — notice of default — burden of establishing ... (8/28/1992)
400.2A-517   Revocation of acceptance of goods. (8/28/1992)
400.2A-518   Cover — substitute goods. (8/28/1992)
400.2A-519   Lessee's damages for nondelivery, repudiation, default, and breach of ... (8/28/1992)
400.2A-520   Lessee's incidental and consequential damages. (8/28/1992)
400.2A-521   Lessee's right to specific performance or replevin. (8/28/1992)
400.2A-522   Lessee's right to goods on lessor's insolvency. (8/28/1992)
C. Default by Lessee
400.2A-523   Lessor's remedies. (8/28/1992)
400.2A-524   Lessor's right to identify goods to lease contract. (8/28/1992)
400.2A-525   Lessor's right to possession of goods. (8/28/1992)
400.2A-526   Lessor's stoppage of delivery in transit or otherwise. (8/28/1992)
400.2A-527   Lessor's rights to dispose of goods. (8/28/1992)
400.2A-528   Lessor's damages for nonacceptance or repudiation. (8/28/1992)
400.2A-529   Lessor's action for the rent. (8/28/1992)
400.2A-530   Lessor's incidental damages. (8/28/1992)
400.2A-531   Standing to sue third parties for injury to goods. (8/28/1992)
400.2A-532   Lessor's rights to residual interest. (8/28/1992)
REVISED ARTICLE 3. NEGOTIABLE INSTRUMENTS_Part 1. General Provisions and Definitions
400.3-101   Short title. (8/28/1992)
400.3-102   Subject matter. (8/28/1992)
400.3-103   Definitions. (8/28/2005)
400.3-104   Negotiable instruments. (8/28/2005)
400.3-105   Issue of instrument. (8/28/1992)
400.3-106   Unconditional promise or order. (8/28/1992)
400.3-107   Instrument payable in foreign money. (8/28/1992)
400.3-108   Payable on demand or at definite time. (8/28/1992)
400.3-109   Payable to bearer or to order. (8/28/1992)
400.3-110   Identification of person to whom instrument is payable. (8/28/1992)
400.3-111   Place of payment. (8/28/1992)
400.3-112   Interest. (8/28/1992)
400.3-113   Date of instrument. (8/28/1992)
400.3-114   Contradictory terms of instrument. (8/28/1992)
400.3-115   Incomplete instrument. (8/28/1992)
400.3-116   Joint and several liability — contribution. (8/28/1992)
400.3-117   Other agreements affecting instrument. (8/28/1992)
400.3-118   Statute of limitations. (8/28/1997)
400.3-119   Notice of right to defend action. (8/28/1992)
Part 2. Negotiation, Transfer and Indorsement
400.3-201   Negotiation. (8/28/1992)
400.3-202   Negotiation subject to rescission. (8/28/1992)
400.3-203   Transfer of instrument — right acquired by transfer. (8/28/1992)
400.3-204   Endorsement. (8/28/1992)
400.3-205   Special endorsement — blank endorsement — anomalous endorsement. (8/28/1992)
400.3-206   Restrictive endorsement. (8/28/1992)
400.3-207   Reacquisition. (8/28/1992)
Part 3. Enforcement of Instruments
400.3-301   Person entitled to enforce instrument. (8/28/1992)
400.3-302   Holder in due course. (8/28/1992)
400.3-303   Value and consideration. (8/28/1992)
400.3-304   Overdue instrument. (8/28/1992)
400.3-305   Defenses and claims in recoupment. (8/28/1992)
400.3-306   Claims to an instrument. (8/28/1992)
400.3-307   Notice of breach of fiduciary duty. (8/28/1994)
400.3-308   Proof of signature and status as holder in due course. (8/28/1992)
400.3-309   Enforcement of lost, destroyed, or stolen instrument. (8/28/1992)
400.3-310   Effect of instrument on obligation for which taken. (8/28/1992)
400.3-311   Accord and satisfaction by use of instrument. (8/28/1992)
400.3-312   Lost, destroyed or stolen cashier's check, teller's check or certified check. (8/28/2000)
Part 4. Liability of Parties
400.3-401   Signature. (8/28/1992)
400.3-402   Signature by representative. (8/28/1992)
400.3-403   Unauthorized signature. (8/28/1992)
400.3-404   Impostors — fictitious payees. (8/28/1992)
400.3-405   Employer's responsibility for fraudulent endorsement by employee. (8/28/1992)
400.3-406   Negligence contributing to forged signature or alteration of instrument. (8/28/1992)
400.3-407   Alteration. (8/28/1992)
400.3-408   Drawee not liable on unaccepted draft. (8/28/1992)
400.3-409   Acceptance of draft — certified check. (8/28/1992)
400.3-410   Acceptance varying draft. (8/28/1992)
400.3-411   Refusal to pay cashier's checks, teller's checks, and certified checks. (8/28/1992)
400.3-412   Obligation of issuer of note or cashier's check. (8/28/1992)
400.3-413   Obligation of acceptor. (8/28/1992)
400.3-414   Obligation of drawer. (8/28/1992)
400.3-415   Obligation of endorser. (8/28/1992)
400.3-416   Transfer warranties. (8/28/2005)
400.3-417   Presentment warranties. (8/28/2005)
400.3-418   Payment or acceptance by mistake. (8/28/1992)
400.3-419   Instrument signed for accommodation. (8/28/1992)
400.3-420   Conversion of instrument. (8/28/1992)
Part 5. Dishonor
400.3-501   Presentment. (8/28/1992)
400.3-502   Dishonor. (8/28/1992)
400.3-503   Notice of dishonor. (8/28/1992)
400.3-504   Excused presentment and notice of dishonor. (8/28/1992)
400.3-505   Evidence of dishonor. (8/28/1992)
Part 6. Discharge and Payment
400.3-601   Discharge and effect of discharge. (8/28/1992)
400.3-602   Payment. (8/28/1992)
400.3-603   Tender of payment. (8/28/1992)
400.3-604   Discharge by cancellation or renunciation. (8/28/1992)
400.3-605   Discharge of endorsers and accommodation parties. (8/28/1992)
ARTICLE 4. BANK DEPOSITS AND COLLECTIONS_Part 1. General Provisions and Definitions
400.4-101   Short title. (8/28/1992)
400.4-102   Applicability. (8/28/1992)
400.4-103   Variation by agreement — measure of damages — action constituting ordinary care. (8/28/1992)
400.4-104   Definitions and index of definitions. (8/28/1997)
400.4-105   Bank — depositary bank — payor bank — intermediary bank — collecting bank — ... (8/28/1992)
400.4-106   Payable through or payable at bank — collecting bank. (8/28/1992)
400.4-107   Separate office of bank. (8/28/1992)
400.4-108   Time of receipt of items. (8/28/1992)
400.4-109   Delays. (8/28/1992)
400.4-110   Electronic presentment. (8/28/1992)
400.4-111   Statute of limitations. (8/28/1997)
Part 2. Collection of Items — Depositary and Collecting Banks
400.4-201   Status of collecting bank as agent and provisional status of credits — ... (8/28/1992)
400.4-202   Responsibility for collection or return — when action timely. (8/28/1992)
400.4-203   Effect of instructions. (8/28/1992)
400.4-204   Methods of sending and presenting — sending directly to payor bank. (8/28/1992)
400.4-205   Depositary bank holder of unendorsed item. (8/28/1992)
400.4-206   Transfer between banks. (8/28/1992)
400.4-207   Transfer warranties. (8/28/2005)
400.4-208   Presentment warranties. (8/28/2005)
400.4-209   Encoding and retention warranties. (8/28/1992)
400.4-210   Security interest of collecting bank in items, accompanying documents and ... (7/1/2001)
400.4-211   When bank gives value for purposes of holder in due course. (8/28/1992)
400.4-212   Presentment by notice of item not payable by, through, or at bank — ... (8/28/1992)
400.4-213   Medium and time of settlement by bank. (8/28/1992)
400.4-214   Right of charge-back or refund — liability of collecting bank — return of item. (8/28/1992)
400.4-215   Final payment of item by payor bank — when provisional debits and credits ... (8/28/1992)
400.4-216   Insolvency and preference. (8/28/1992)
Part 3. Collection of Items — Payor Banks
400.4-301   Deferred posting — recovery of payment by return of items — time of ... (8/28/1992)
400.4-302   Payor bank's responsibility for late return of item. (8/28/1992)
400.4-303   When item subject to notice, stop-payment order — legal process or setoff — ... (8/28/1992)
Part 4. Relationship Between Payor Bank and Its Customer
400.4-401   When bank may charge customer's account. (8/28/1994)
400.4-402   Bank's liability to customer for wrongful dishonor — time of determining ... (8/28/1992)
400.4-403   Customer's right to stop payment — burden of proof of loss. (8/28/1992)
400.4-404   Bank not obligated to pay check more than six months old. (8/28/1992)
400.4-405   Death or incompetence of customer. (8/28/1992)
400.4-406   Customer's duty to discover and report unauthorized signature or alteration. (8/28/1992)
400.4-407   Payor bank's right to subrogation or improper payment. (8/28/1992)
Part 5. Collection of Documentary Drafts
400.4-501   Handling of documentary drafts — duty to send for presentment and to notify ... (8/28/1992)
400.4-502   Presentment of "on arrival" drafts. (8/28/1992)
400.4-503   Responsibility of presenting bank for documents and goods — report of ... (8/28/1992)
400.4-504   Privilege of presenting bank to deal with goods — security interest for ... (8/28/1992)
ARTICLE 4A. FUNDS TRANSFERS_Part 1. Subject Matter and Definitions
400.4A-101   Short title. (8/28/1992)
400.4A-102   Subject matter. (8/28/1992)
400.4A-103   Payment order — definitions. (8/28/1992)
400.4A-104   Funds transfer — definitions. (8/28/1992)
400.4A-105   Other definitions. (8/28/1994)
400.4A-106   Time payment order is received. (8/28/1992)
400.4A-107   Federal Reserve regulations and operating circulars. (8/28/1992)
400.4A-108   Exclusion of consumer transactions governed by federal law. (8/28/2013)
Part 2. Issue and Acceptance of Payment Order
400.4A-201   Security procedure. (8/28/1992)
400.4A-202   Authorized and verified payment orders. (8/28/1992)
400.4A-203   Unenforceability of certain verified payment orders. (8/28/1992)
400.4A-204   Refund of payment and duty of customer to report with respect to ... (8/28/1992)
400.4A-205   Erroneous payment orders. (8/28/1992)
400.4A-206   Transmission of payment order through funds — transfer or other ... (8/28/1992)
400.4A-207   Misdescription of beneficiary. (8/28/1992)
400.4A-208   Misdescription of intermediary bank or beneficiary's bank. (8/28/1992)
400.4A-209   Acceptance of payment order. (8/28/1992)
400.4A-210   Rejection of payment order. (8/28/1992)
400.4A-211   Cancellation and amendment of payment order. (8/28/1992)
400.4A-212   Liability and duty of receiving bank regarding unaccepted payment order. (8/28/1992)
Part 3. Execution of Sender's Payment Order by Receiving Bank
400.4A-301   Execution and execution date. (8/28/1992)
400.4A-302   Obligations of receiving bank in execution of payment order. (8/28/1992)
400.4A-303   Erroneous execution of payment order. (8/28/1992)
400.4A-304   Duty of sender to report erroneously executed payment order. (8/28/1992)
400.4A-305   Liability for late or improper execution or failure to execute payment order. (8/28/1992)
Part 4. Payment
400.4A-401   Payment date. (8/28/1992)
400.4A-402   Obligation of sender to pay receiving bank. (8/28/1992)
400.4A-403   Payment by sender to receiving bank. (8/28/1992)
400.4A-404   Obligation of beneficiary's bank to pay and give notice to beneficiary. (8/28/1992)
400.4A-405   Payment by beneficiary's bank to beneficiary. (8/28/1992)
400.4A-406   Payment by originator to beneficiary — discharge of underlying obligation. (8/28/1992)
Part 5. Miscellaneous Provisions
400.4A-501   Variation by agreement and effect of funds — transfer system rule. (8/28/1992)
400.4A-502   Creditor process served on receiving bank — setoff by beneficiary's bank. (8/28/1992)
400.4A-503   Injunction or restraining order with respect to funds transfer. (8/28/1992)
400.4A-504   Order in which items and payment orders may be charged to account — order ... (8/28/1992)
400.4A-505   Preclusion of objection to debt of customer's account. (8/28/1992)
400.4A-506   Rate of interest. (8/28/1992)
400.4A-507   Choice of law. (8/28/1992)
ARTICLE 5. LETTERS OF CREDIT
400.5-101   Short title. (8/28/1963)
400.5-102   Definitions. (8/28/1997)
400.5-103   Scope. (8/28/1997)
400.5-104   Formal requirements. (8/28/1997)
400.5-105   Consideration. (8/28/1997)
400.5-106   Issuance, amendment, cancellation and duration. (8/28/1997)
400.5-107   Confirmer, nominated person and adviser. (8/28/1997)
400.5-108   Issuer's rights and obligations. (8/28/1997)
400.5-109   Fraud and forgery. (8/28/1997)
400.5-110   Warranties. (8/28/1997)
400.5-111   Remedies and damages for wrongful dishonor or breach of obligation. (8/28/1997)
400.5-112   Transfer of letter of credit. (8/28/1997)
400.5-113   Successor of beneficiary, rights. (8/28/1997)
400.5-114   Proceeds of letter of credit, definition, assignment. (8/28/1997)
400.5-115   Statute of limitations. (8/28/1997)
400.5-116   Choice of law and forum. (8/28/1997)
400.5-117   Subrogation of issuer, applicant and nominated person. (8/28/1997)
400.5-118   Security interest in a document. (7/1/2001)
ARTICLE 7. DOCUMENTS OF TITLE_Part 1. General
400.7-101   Short title. (8/28/1963)
400.7-102   Definitions and index of definitions. (8/28/2017)
400.7-103   Relation of article to treaty, statute, tariff, classification or regulation. (8/28/2017)
400.7-104   Negotiable and nonnegotiable warehouse receipt, bill of lading or other ... (8/28/2017)
400.7-105   Requests for issuance of tangible or electronic documents of title, effect. (8/28/2017)
400.7-106   Control of electronic document of title. (8/28/2017)
Part 2. Warehouse Receipts — Special Provisions
400.7-201   Who may issue a warehouse receipt — storage under government bond. (8/28/2017)
400.7-202   Form of warehouse receipt — essential terms — optional terms. (8/28/2017)
400.7-203   Liability for nonreceipt or misdescription. (8/28/2017)
400.7-204   Duty of care — contractual limitation of warehouseman's liability. (8/28/2017)
400.7-205   Title under warehouse receipt defeated in certain cases. (8/28/2017)
400.7-206   Termination of storage at warehouseman's option. (8/28/2017)
400.7-207   Goods must be kept separate — fungible goods. (8/28/2017)
400.7-208   Altered warehouse receipts. (8/28/2017)
400.7-209   Lien of warehouse. (8/28/2017)
400.7-210   Enforcement of warehouse's lien. (8/28/2017)
Part 3. Bills of Lading — Special Provisions
400.7-301   Liability for nonreceipt or misdescription — "said to contain" — "shipper's ... (8/28/2017)
400.7-302   Through bills of lading and similar documents. (8/28/2017)
400.7-303   Diversion — reconsignment — change of instructions. (8/28/2017)
400.7-304   Bills of lading in a set. (8/28/2017)
400.7-305   Destination bills. (8/28/2017)
400.7-306   Altered bills of lading. (8/28/1963)
400.7-307   Lien of carrier. (8/28/2017)
400.7-308   Enforcement of carrier's lien. (8/28/2017)
400.7-309   Duty of care — contractual limitation of carrier's liability. (8/28/2017)
Part 4. Warehouse Receipts and Bills of Lading — General Obligations
400.7-401   Irregularities in issue of receipt or bill or conduct of issuer. (8/28/2017)
400.7-402   Duplicate receipt or bill — overissue. (8/28/2017)
400.7-403   Obligation of warehouse or carrier to deliver — excuse. (8/28/2017)
400.7-404   No liability for good faith delivery pursuant to receipt or bill. (8/28/2017)
Part 5. Warehouse Receipts and Bills of Lading — Negotiation and Transfer
400.7-501   Form of negotiation and requirements of "due negotiation". (8/28/2017)
400.7-502   Rights acquired by due negotiation. (8/28/2017)
400.7-503   Document of title to goods defeated in certain cases. (8/28/2017)
400.7-504   Rights acquired in the absence of due negotiation — effect of diversion — ... (8/28/2017)
400.7-505   Indorser not a guarantor for other parties. (8/28/2017)
400.7-506   Delivery without indorsement — right to compel indorsement. (8/28/2017)
400.7-507   Warranties on negotiation or transfer of receipt or bill. (8/28/2017)
400.7-508   Warranties of collecting bank as to documents. (8/28/2017)
400.7-509   Receipt or bill — when adequate compliance with commercial contract. (8/28/2017)
Part 6. Warehouse Receipts and Bills of Lading — Miscellaneous Provisions
400.7-601   Lost and missing documents. (8/28/2017)
400.7-602   Attachment of goods covered by a negotiable document. (8/28/2017)
400.7-603   Conflicting claims — interpleader. (8/28/2017)
Part 7. Transition Provisions
400.7-703   Applicability (8/28/2017)
400.7-704   Savings clause. (8/28/2017)
ARTICLE 8. INVESTMENT SECURITIES_Part 1. Short Title and General Matters
400.8-101   Short title. (8/28/1963)
400.8-102   Definitions. (8/28/1997)
400.8-103   Rules for determining whether certain obligations and interests are ... (7/1/2001)
400.8-104   Acquisition of security or financial asset or interest therein. (8/28/1997)
400.8-105   Notice of adverse claim. (8/28/1997)
400.8-106   Control. (7/1/2001)
400.8-107   Indorsement, instruction or entitlement order — effective, when. (8/28/1997)
400.8-108   Warranties in direct holding. (8/28/1997)
400.8-109   Warranties in indirect holding. (8/28/1997)
400.8-110   Applicability; choice of law. (7/1/2001)
400.8-111   Clearing corporation rules. (8/28/1997)
400.8-112   Creditor's legal process. (8/28/1997)
400.8-113   Statute of frauds inapplicable. (8/28/1997)
400.8-114   Evidentiary rules concerning certificated securities. (8/28/1997)
400.8-115   Securities intermediary and others not liable to adverse claimant. (8/28/1997)
400.8-116   Securities intermediary as purchaser for value. (8/28/1997)
400.8-117   Deposit of securities. (8/28/1997)
Part 2. Issue — Issuer
400.8-201   Issuer. (8/28/1997)
400.8-202   Issuer's responsibility and defenses — notice of defect or defense. (8/28/1997)
400.8-203   Staleness as notice of defects or defenses. (8/28/1997)
400.8-204   Effect of issuer's restriction on transfer. (8/28/1997)
400.8-205   Effect of unauthorized signature on security certificate. (8/28/1997)
400.8-206   Completion or alteration of security certificate. (8/28/1997)
400.8-207   Rights and duties of issuer with respect to registered owners. (8/28/1997)
400.8-208   Effect of signature of authenticating trustee, registrar or transfer agent. (8/28/1997)
400.8-209   Issuer's lien. (8/28/1997)
400.8-210   Overissue, definition. (8/28/1997)
Part 3. Transfer of Certificated and Uncertificated Securities
400.8-301   Delivery. (7/1/2001)
400.8-302   Rights of purchaser. (7/1/2001)
400.8-303   Protected purchaser. (8/28/1997)
400.8-304   Indorsement. (8/28/1997)
400.8-305   Instruction. (8/28/1997)
400.8-306   Effect of guaranteeing signature, indorsement or instruction. (8/28/1997)
400.8-307   Purchaser's right to requisites for registration of transfer. (8/28/1997)
Part 4. Registration
400.8-401   Duty of issuer to register transfer. (8/28/1997)
400.8-402   Assurance that endorsement and instructions are effective. (8/28/1997)
400.8-403   Demand that issuer not register transfer. (8/28/1997)
400.8-404   Wrongful registration. (8/28/1997)
400.8-405   Replacement of lost, destroyed or wrongfully taken security certificates. (8/28/1997)
400.8-406   Obligation to notify issuer of lost, destroyed or wrongfully taken security ... (8/28/1997)
400.8-407   Authenticating trustee, transfer agent and registrar. (8/28/1997)
Part 5. Security Entitlements
400.8-501   Securities account — acquisition of security entitlement from securities ... (8/28/1997)
400.8-502   Assertion of adverse claim against entitlement holder. (8/28/1997)
400.8-503   Property interest of entitlement holder in financial asset held by ... (8/28/1997)
400.8-504   Duty of securities intermediary to maintain financial asset. (8/28/1997)
400.8-505   Duty of securities intermediary with respect to payments and distributions. (8/28/1997)
400.8-506   Duty of securities intermediary to exercise rights as directed by ... (8/28/1997)
400.8-507   Duty of securities intermediary to comply with entitlement order. (8/28/1997)
400.8-508   Duty of securities intermediary to change entitlement holder's position to ... (8/28/1997)
400.8-509   Specification of duties of securities intermediary by other statute or ... (8/28/1997)
400.8-510   Rights of purchaser of security entitlement from entitlement holder. (7/1/2001)
400.8-511   Priority among security interests and entitlement holders. (8/28/1997)
Part 6. Amendments to Article
400.8-601   Effect of amendments to article 8. (8/28/1998)
ARTICLE 9. SECURED TRANSACTIONS_Part 1. General Provisions
400.9-101   Short title. (7/1/2001)
400.9-102   Definitions and index of definitions. (8/28/2014)
400.9-103   Purchase-money security interest — application of payments — burden of ... (7/1/2001)
400.9-104   Control of deposit account. (7/1/2001)
400.9-105   Control of electronic chattel paper. (8/28/2014)
400.9-106   Control of investment property. (7/1/2001)
400.9-107   Control of letter-of-credit right. (7/1/2001)
400.9-108   Sufficiency of description. (7/1/2001)
400.9-109   Scope. (8/28/2002)
400.9-110   Security interests arising under Article 2 or 2A. (7/1/2001)
Part 2. Effectiveness of Security Agreement; Attachment of Security Interest; Rights of Parties to Security Agreement
400.9-201   General effectiveness of security agreement. (7/1/2001)
400.9-202   Title to collateral immaterial. (7/1/2001)
400.9-203   Attachment and enforceability of security interest — proceeds — supporting ... (7/1/2001)
400.9-204   After-acquired property — future advances. (7/1/2001)
400.9-205   Use or disposition of collateral permissible. (7/1/2001)
400.9-206   Security interest arising in purchase or delivery of financial asset. (7/1/2001)
400.9-207   Rights and duties of secured party having possession or control of collateral. (7/1/2001)
400.9-208   Additional duties of secured party having control of collateral. (7/1/2001)
400.9-209   Duties of secured party if account of debtor has been notified of assignment. (7/1/2001)
400.9-210   Request for accounting — request regarding list of collateral or statement ... (7/1/2001)
Part 3. Perfection and Priority
400.9-301   Law governing perfection and priority of security interests. (7/1/2001)
400.9-302   Law governing perfection and priority of agricultural liens. (7/1/2001)
400.9-303   Law governing perfection and priority of security interests in goods ... (3/1/2011)
400.9-304   Law governing perfection and priority of security interests in deposit ... (7/1/2001)
400.9-305   Law governing perfection and priority of security interests in investment ... (7/1/2001)
400.9-306   Law governing perfection and priority of security interests in ... (7/1/2001)
400.9-307   Location of debtor. (8/28/2013)
400.9-308   When security interests or agricultural lien is perfected — continuity of ... (7/1/2001)
400.9-309   Security interest perfected upon attachment. (7/1/2001)
400.9-310   When filing required to perfect security interest or agricultural lien — ... (7/1/2001)
400.9-311   Perfection of security interests in property subject to certain statutes, ... (8/28/2014)
400.9-312   Perfection of security interests in chattel paper, deposit accounts, ... (7/1/2001)
400.9-313   When possession by or delivery to secured party perfects security interest ... (7/1/2001)
400.9-314   Perfection by control. (7/1/2001)
400.9-315   Secured party's rights on disposition of collateral and in proceeds. (7/1/2001)
400.9-316   Effect of change in governing law. (8/28/2013)
400.9-317   Interests that take priority over or take free of security interest or ... (8/28/2014)
400.9-318   No interest retained in right to payment that is sold — rights and title of ... (7/1/2001)
400.9-319   Rights and title of consignee with respect to creditors and purchasers. (7/1/2001)
400.9-320   Buyer of goods. (7/1/2001)
400.9-321   Licensee of general intangible and lessee of goods in ordinary course of ... (7/1/2001)
400.9-322   Priorities among conflicting security interests in and agricultural liens ... (7/1/2001)
400.9-323   Future advances. (8/28/2002)
400.9-324   Priority of purchase-money security interests. (7/1/2001)
400.9-325   Priority in security interests in transferred collateral. (7/1/2001)
400.9-326   Priority of security interests created by new debtor. (8/28/2014)
400.9-327   Priority of secured interests in deposit account. (7/1/2001)
400.9-328   Priority in security interests in investment property. (7/1/2001)
400.9-329   Priority of security interests in letter-of-credit right. (7/1/2001)
400.9-330   Priority of purchaser of chattel paper or instrument. (7/1/2001)
400.9-331   Priority of rights of purchasers of instruments, documents, and securities ... (7/1/2001)
400.9-332   Transfer of money — transfer of funds from deposit account. (7/1/2001)
400.9-333   Priority of certain liens arising by operation of law. (7/1/2001)
400.9-334   Priority of security interests in fixtures and crops. (7/1/2001)
400.9-335   Accessions. (7/1/2001)
400.9-336   Commingled goods. (7/1/2001)
400.9-337   Priority of security interests in goods covered by certificate of title. (7/1/2001)
400.9-338   Priority of security interest or agricultural lien perfected by filed ... (7/1/2001)
400.9-339   Priority subject to subordination. (7/1/2001)
400.9-340   Effectiveness of right of recoupment or set-off against deposit account. (7/1/2001)
400.9-341   Bank's rights and duties with respect to deposit account. (7/1/2001)
400.9-342   Bank's right to refuse to enter into or disclose existence of control ... (7/1/2001)
Part 4. Rights of Third Parties
400.9-401   Alienability of debtor's rights. (7/1/2001)
400.9-402   Secured party not obligated on contract of debtor or in tort. (7/1/2001)
400.9-403   Agreement not to assert defenses against assignee. (7/1/2001)
400.9-404   Rights acquired by assignee — claims and defenses against assignee. (7/1/2001)
400.9-405   Modification of assigned contract. (7/1/2001)
400.9-406   Discharge of account debtor — notification of assignment — identification ... (8/28/2013)
400.9-407   Restrictions on creation or enforcement of security interest in leasehold ... (8/28/2002)
400.9-408   Restrictions on assignment of promissory notes, health care insurance ... (8/28/2013)
400.9-409   Restrictions on assignment of letter-of-credit rights ineffective. (8/28/2002)
Part 5. Filing
400.9-501   Filing office. (8/28/2018)
400.9-502   Contents of financing statement — record of mortgage as financing statement ... (8/28/2013)
400.9-503   Name of debtor and secured party. (8/28/2014)
400.9-504   Indication of collateral. (8/28/2002)
400.9-505   Filing and compliance with other statutes and treaties for consignments, ... (7/1/2001)
400.9-506   Effect of errors or omissions. (7/1/2001)
400.9-507   Effect of certain events on effectiveness of financing statement. (8/28/2014)
400.9-508   Effectiveness of financing statement if new debtor becomes bound by ... (7/1/2001)
400.9-509   Persons entitled to file a record. (8/28/2002)
400.9-510   Effectiveness of filed record. (7/1/2001)
400.9-511   Secured party of record. (7/1/2001)
400.9-512   Amendment of financing statement. (7/1/2001)
400.9-513   Termination statement. (8/28/2002)
400.9-514   Assignment of powers of secured party of record. (7/1/2001)
400.9-515   Duration and effectiveness of financing statement — effect of lapsed ... (8/28/2013)
400.9-516   What constitutes filing — effectiveness of filing. (8/28/2014)
400.9-517   Effect of indexing errors. (7/1/2001)
400.9-518   Claim concerning inaccurate or wrongfully filed record. (8/28/2013)
400.9-519   Numbering, maintaining, and indexing records — communicating information ... (7/1/2001)
400.9-520   Acceptance and refusal to accept record. (7/1/2001)
400.9-521   Uniform form of written financing statement and amendment. (7/1/2001)
400.9-522   Maintenance and destruction of records. (7/1/2001)
400.9-523   Information from filing office — sale or license of records. (7/1/2001)
400.9-524   Delay by filing office. (7/1/2001)
400.9-525   Fees. (9/1/2003)
400.9-526   Filing office rules. (7/1/2001)
400.9-527   Duty to report. (7/1/2001)
400.9-528   Additional fee — expiration date. (8/28/2017)
Part 6. Default
400.9-601   Rights after default — judicial enforcement — consignor or buyer of ... (7/1/2001)
400.9-602   Waiver of variance of rights and duties. (8/28/2002)
400.9-603   Agreement on standards concerning rights and duties. (7/1/2001)
400.9-604   Procedure if security agreement covers real property or fixtures. (7/1/2001)
400.9-605   Unknown debtor or secondary obligor. (7/1/2001)
400.9-606   Time of default for agricultural lien. (7/1/2001)
400.9-607   Collection and enforcement by secured party. (8/28/2014)
400.9-608   Application of proceeds of collection or enforcement — liability for ... (8/28/2002)
400.9-609   Secured party's right to take possession after default. (7/1/2001)
400.9-610   Disposition of collateral after default. (7/1/2001)
400.9-611   Notification before disposition of collateral. (8/28/2002)
400.9-612   Timeliness of notification before disposition of collateral. (7/1/2001)
400.9-613   Contents and form of notification before disposition of collateral: general. (8/28/2002)
400.9-614   Contents and form of notification before disposition of collateral: ... (7/1/2001)
400.9-615   Application of proceeds of disposition — liability for deficiency and right ... (8/28/2002)
400.9-616   Explanation of calculation of surplus or deficiency. (7/1/2001)
400.9-617   Rights of transferee of collateral. (7/1/2001)
400.9-618   Rights and duties of certain secondary obligors. (7/1/2001)
400.9-619   Transfer of record or legal title. (7/1/2001)
400.9-620   Acceptance of collateral in full or partial satisfaction of obligation — ... (7/1/2001)
400.9-621   Notification of proposal to accept collateral. (7/1/2001)
400.9-622   Effect of acceptance of collateral. (7/1/2001)
400.9-623   Right to redeem collateral. (7/1/2001)
400.9-624   Waiver. (7/1/2001)
400.9-625   Remedies for secured party's failure to comply with article. (8/28/2002)
400.9-626   Action in which deficiency or surplus is in issue. (7/1/2001)
400.9-627   Determination of whether conduct was commercially reasonable. (7/1/2001)
400.9-628   Nonliability and limitation on liability of secured party — liability of ... (7/1/2001)
Part 7. Transition
400.9-701   Definition of this act. (7/1/2001)
400.9-702   Savings clause. (7/1/2001)
400.9-703   Security interest perfected before effective date. (7/1/2001)
400.9-704   Security interest unperfected before effective date. (7/1/2001)
400.9-705   Effectiveness of action taken before effective date. (7/1/2001)
400.9-706   When initial financing statement suffices to continue effectiveness of ... (7/1/2001)
400.9-707   Amendment of pre-effective-date financing statement. (7/1/2001)
400.9-708   Persons entitled to file initial financing statement or continuation statement. (7/1/2001)
400.9-709   Priority. (7/1/2001)
400.9-710   Local filing office to maintain former article 9 records. (8/28/2002)
Part 8. Transition Provisions for 2010 Amendments
400.9-801   This act reference. (8/28/2013)
400.9-802   Savings clause. (8/28/2014)
400.9-803   Security interest perfected before effective date. (8/28/2013)
400.9-804   Security interest unperfected before effective date. (8/28/2013)
400.9-805   Effectiveness of action taken before effective date. (8/28/2014)
400.9-806   When initial financing statement suffices to continue effectiveness of ... (8/28/2014)
400.9-807   Amendment of pre-effective-date financing statement. (8/28/2013)
400.9-808   Person entitled to file initial financing statement or continuation statement. (8/28/2013)
400.9-809   Priority. (8/28/2013)
ARTICLE 10. OTHER PROVISIONS
400.10-101   Provision for transition. (8/28/1965)
400.10-102   Laws not repealed. (8/28/1965)
ARTICLE 11. TRANSITION PROVISIONS
400.11-103   General rule, transactions before and after code changes. (1/1/1989)
400.11-104   Requirement of filing, transitional provision. (1/1/1989)
400.11-105   Place of filing, transitional provision. (1/1/1989)
400.11-106   Required refilings. (1/1/1989)
400.11-107   Priorities, transitional provision. (1/1/1989)
400.11-108   Interpretation of chapter. (1/1/1989)
 - Cross References
Mortgage or deed of trust securing payment of bonds issued by interstate gas pipeline company or public utility, filing in office of secretary of state, 443.451
Public utility, gas pipeline company, mortgage or deed of trust securing payment of bonds, filing in office of secretary of state, 443.451
Uniform electronic transactions act, 432.200 to 432.295

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