Home > For Small Business > {More Business Law} > Uniform Commercial Code > Iowa Code Chapter 554 - Uniform commercial code

Uniform Commercial Code

For this topic:

Search the Iowa Code

Iowa Code Chapter 554 - Uniform commercial code

Iowa Code > Title XIII > Subtitle 5 > Chapter 554 - Uniform commercial code

^{Current as of: 2009}

^{Check for updates}


§ 554.1101	Short titles
§ 554.1102	Scope of Article
§ 554.1103	Construction of this chapter to promote its purposes and policies -- applicability of supplemental principles of law
§ 554.1104	Construction against implied repeal
§ 554.1105	Severability
§ 554.1106	Use of singular and plural -- gender
§ 554.1107	Section captions
§ 554.1108	Relation to Electronic Signatures in Global and National Commerce Act
§ 554.1110	Rules for filing and indexing
§ 554.1201	General definitions
§ 554.1202	Notice -- knowledge
§ 554.1203	Lease distinguished from security interest
§ 554.1204	Value
§ 554.1205	Reasonable time -- seasonableness
§ 554.1206	Presumptions
§ 554.1301	Territorial applicability -- parties' power to choose applicable law
§ 554.1302	Variation by agreement
§ 554.1303	Course of performance, course of dealing, and usage of trade
§ 554.1304	Obligation of good faith
§ 554.1305	Remedies to be liberally administered
§ 554.1306	Waiver or renunciation of claim or right after breach
§ 554.1307	Prima facie evidence by third-party documents
§ 554.1308	Performance or acceptance under reservation of rights
§ 554.1309	Option to accelerate at will
§ 554.1310	Subordinated obligations
§ 554.2101	Short title
§ 554.2102	Scope -- certain security and other transactions excluded from this Article
§ 554.2103	Definitions and index of definitions
§ 554.2104	Definitions: "merchant" -- "between merchants" -- "financing agency"
§ 554.2105	Definitions: transferability -- "goods" -- "future" goods -- "lot" -- "commercial unit"
§ 554.2106	Definitions: "contract" -- "agreement" -- "contract for sale" -- "sale" -- "present sale" -- "conforming" to contract -- "termination" -- "cancellation"
§ 554.2107	Goods to be severed from realty: recording
§ 554.2201	Formal requirements -- statute of frauds
§ 554.2202	Final written expression -- parol or extrinsic evidence
§ 554.2203	Seals inoperative
§ 554.2204	Formation in general
§ 554.2205	Firm offers
§ 554.2206	Offer and acceptance in formation of contract
§ 554.2207	Additional terms in acceptance or confirmation
§ 554.2209	Modification, rescission and waiver
§ 554.2210	Delegation of performance -- assignment of rights
§ 554.2301	General obligations of parties
§ 554.2302	Unconscionable contract or clause
§ 554.2303	Allocation or division of risks
§ 554.2304	Price payable in money, goods, realty, or otherwise
§ 554.2305	Open price term
§ 554.2306	Output, requirements and exclusive dealings
§ 554.2307	Delivery in single lot or several lots
§ 554.2308	Absence of specified place for delivery
§ 554.2309	Absence of specific time provisions -- notice of termination
§ 554.2310	Open time for payment or running of credit -- authority to ship under reservation
§ 554.2311	Options and cooperation respecting performance
§ 554.2312	Warranty of title and against infringement -- buyer's obligation against infringement
§ 554.2313	Express warranties by affirmation, promise, description, sample
§ 554.2314	Implied warranty: merchantability -- usage of trade
§ 554.2315	Implied warranty -- fitness for particular purpose
§ 554.2316	Exclusion or modification of warranties
§ 554.2317	Cumulation and conflict of warranties express or implied
§ 554.2318	Third party beneficiaries of warranties express or implied
§ 554.2319	F.O.B. and F.A.S. terms
§ 554.2320	C.I.F. and C. & F. terms
§ 554.2321	C.I.F. or C. & F. -- "net landed weights" -- "payment on arrival" -- warranty of condition on arrival
§ 554.2322	Delivery "ex-ship"
§ 554.2323	Form of bill of lading required in overseas shipment -- "overseas"
§ 554.2324	"No arrival, no sale" term
§ 554.2325	"Letter of credit" term -- "confirmed credit"
§ 554.2326	Sale on approval and sale or return -- rights of creditors
§ 554.2327	Special incidents of sale on approval and sale or return
§ 554.2328	Sale by auction
§ 554.2401	Passing of title -- reservation for security -- limited application of this section
§ 554.2402	Rights of seller's creditors against sold goods
§ 554.2403	Power to transfer -- good faith purchase of goods -- "entrusting"
§ 554.2501	Insurable interest in goods -- manner of identification of goods
§ 554.2502	Buyer's right to goods on seller's repudiation, failure to deliver, or insolvency
§ 554.2503	Manner of seller's tender of delivery
§ 554.2504	Shipment by seller
§ 554.2505	Seller's shipment under reservation
§ 554.2506	Rights of financing agency
§ 554.2507	Effect of seller's tender -- delivery on condition
§ 554.2508	Cure by seller of improper tender or delivery -- replacement
§ 554.2509	Risk of loss in the absence of breach
§ 554.2510	Effect of breach on risk of loss
§ 554.2511	Tender of payment by buyer -- payment by check
§ 554.2512	Payment by buyer before inspection
§ 554.2513	Buyer's right to inspection of goods
§ 554.2514	When documents deliverable on acceptance -- when on payment
§ 554.2515	Preserving evidence of goods in dispute
§ 554.2601	Buyer's rights on improper delivery
§ 554.2602	Manner and effect of rightful rejection
§ 554.2603	Merchant buyer's duties as to rightfully rejected goods
§ 554.2604	Buyer's options as to salvage of rightfully rejected goods
§ 554.2605	Waiver of buyer's objections by failure to particularize
§ 554.2606	What constitutes acceptance of goods
§ 554.2607	Effect of acceptance -- notice of breach -- burden of establishing breach after acceptance -- notice of claim or litigation to person answerable over
§ 554.2608	Revocation of acceptance in whole or in part
§ 554.2609	Right to adequate assurance of performance
§ 554.2610	Anticipatory repudiation
§ 554.2611	Retraction of anticipatory repudiation
§ 554.2612	"Installment contract" -- breach
§ 554.2613	Casualty to identified goods
§ 554.2614	Substituted performance
§ 554.2615	Excuse by failure of presupposed conditions
§ 554.2616	Procedure on notice claiming excuse
§ 554.2701	Remedies for breach of collateral contracts not impaired
§ 554.2702	Seller's remedies on discovery of buyer's insolvency
§ 554.2703	Seller's remedies in general
§ 554.2704	Seller's right to identify goods to the contract notwithstanding breach or to salvage unfinished goods
§ 554.2705	Seller's stoppage of delivery in transit or otherwise
§ 554.2706	Seller's resale including contract for resale
§ 554.2707	"Person in the position of a seller"
§ 554.2708	Seller's damages for nonacceptance or repudiation
§ 554.2709	Action for the price
§ 554.2710	Seller's incidental damages
§ 554.2711	Buyer's remedies in general -- buyer's security interest in rejected goods
§ 554.2712	"Cover" -- buyer's procurement of substitute goods
§ 554.2713	Buyer's damages for nondelivery or repudiation
§ 554.2714	Buyer's damages for breach in regard to accepted goods
§ 554.2715	Buyer's incidental and consequential damages
§ 554.2716	Buyer's right to specific performance or replevin
§ 554.2717	Deduction of damages from the price
§ 554.2718	Liquidation or limitation of damages -- deposits
§ 554.2719	Contractual modification or limitation of remedy
§ 554.2720	Effect of "cancellation" or "rescission" on claims for antecedent breach
§ 554.2721	Remedies for fraud
§ 554.2722	Who can sue third parties for injury to goods
§ 554.2723	Proof of market price -- time and place
§ 554.2724	Admissibility of market quotations
§ 554.2725	Statute of limitations in contracts for sale
§ 554.3101	Short title
§ 554.3102	Subject matter
§ 554.3103	Definitions
§ 554.3104	Negotiable instrument
§ 554.3105	Issue of instrument
§ 554.3106	Unconditional promise or order
§ 554.3107	Instrument payable in foreign money
§ 554.3108	Payable on demand or at definite time
§ 554.3109	Payable to bearer or to order
§ 554.3110	Identification of person to whom instrument is payable
§ 554.3111	Place of payment
§ 554.3112	Interest
§ 554.3113	Date of instrument
§ 554.3114	Contradictory terms of instrument
§ 554.3115	Incomplete instrument
§ 554.3116	Joint and several liability -- contribution
§ 554.3117	Other agreements affecting instrument
§ 554.3118	Accrual of cause of action
§ 554.3119	Notice of right to defend action
§ 554.3201	Negotiation
§ 554.3202	Negotiation subject to rescission
§ 554.3203	Transfer of instrument -- rights acquired by transfer
§ 554.3204	Endorsement
§ 554.3205	Special endorsement -- blank endorsement -- anomalous endorsement
§ 554.3206	Restrictive endorsement
§ 554.3207	Reacquisition
§ 554.3301	Person entitled to enforce instrument
§ 554.3302	Holder in due course
§ 554.3303	Value and consideration
§ 554.3304	Overdue instrument
§ 554.3305	Defenses and claims in recoupment
§ 554.3306	Claims to an instrument
§ 554.3307	Notice of breach of fiduciary duty
§ 554.3308	Proof of signatures and status as holder in due course
§ 554.3309	Enforcement of lost, destroyed, or stolen instrument
§ 554.3310	Effect of instrument on obligation for which taken
§ 554.3311	Accord and satisfaction by use of instrument
§ 554.3312	Lost, destroyed, or stolen cashier's check, teller's check, or certified check
§ 554.3401	Signature
§ 554.3402	Signature by representative
§ 554.3403	Unauthorized signature
§ 554.3404	Impostors -- fictitious payees
§ 554.3405	Employer's responsibility for fraudulent endorsement by employee
§ 554.3406	Negligence contributing to forged signature or alteration of instrument
§ 554.3407	Alteration
§ 554.3408	Drawee not liable on unaccepted draft
§ 554.3409	Acceptance of draft -- certified check
§ 554.3410	Acceptance varying draft
§ 554.3411	Refusal to pay cashier's checks, teller's checks, and certified checks
§ 554.3412	Obligation of issuer of note or cashier's check
§ 554.3413	Obligation of acceptor
§ 554.3414	Obligation of drawer
§ 554.3415	Obligation of endorser
§ 554.3416	Transfer warranties
§ 554.3417	Presentment warranties
§ 554.3418	Payment or acceptance by mistake
§ 554.3419	Instruments signed for accommodation
§ 554.3420	Conversion of instrument
§ 554.3501	Presentment
§ 554.3502	Dishonor
§ 554.3503	Notice of dishonor
§ 554.3504	Excused presentment and notice of dishonor
§ 554.3505	Evidence of dishonor
§ 554.3512	Holder's recourse for dishonor
§ 554.3513	Civil remedy for dishonor
§ 554.3601	Discharge and effect of discharge
§ 554.3602	Payment
§ 554.3603	Tender of payment
§ 554.3604	Discharge by cancellation or renunciation
§ 554.3605	Discharge of endorsers and accommodation parties
§ 554.4101	Short title
§ 554.4102	Applicability
§ 554.4103	Variation by agreement -- measure of damages -- action constituting ordinary care
§ 554.4104	Definitions and index of definitions
§ 554.4105	"Bank" -- "depositary bank" -- "intermediary bank" -- "collecting bank" -- "payor bank" -- "presenting bank"
§ 554.4106	Payable through or payable at bank -- collecting bank
§ 554.4107	Separate office of a bank
§ 554.4108	Time of receipt of items
§ 554.4109	Delays
§ 554.4110	Electronic presentment
§ 554.4111	Statute of limitations
§ 554.4201	Status of collecting bank as agent and provisional status of credits -- applicability of Article -- item endorsed "pay any bank"
§ 554.4202	Responsibility for collection or return -- when action timely
§ 554.4203	Effect of instructions
§ 554.4204	Methods of sending and presenting -- sending directly to payor bank
§ 554.4205	Depositary bank holder of unendorsed item
§ 554.4206	Transfer between banks
§ 554.4207	Transfer warranties
§ 554.4208	Presentment warranties
§ 554.4209	Encoding and retention warranties
§ 554.4210	Security interest of collecting bank in items, accompanying documents and proceeds
§ 554.4211	When bank gives value for purposes of holder in due course
§ 554.4212	Presentment by notice of item not payable by, through, or at a bank; liability of drawer or endorser
§ 554.4213	Medium and time of settlement by bank
§ 554.4214	Right of charge-back or refund -- liability of collecting bank -- return of item
§ 554.4215	Final payment of item by payor bank -- when provisional debits and credits become final -- when certain credits become available for withdrawal
§ 554.4216	Insolvency and preference
§ 554.4301	Deferred posting -- recovery of payment by return of items -- time of dishonor -- return of items by payor bank
§ 554.4302	Payor bank's responsibility for late return of item
§ 554.4303	When items subject to notice, stop-payment order, legal process, or setoff -- order in which items may be charged or certified
§ 554.4401	When bank may charge customer's account
§ 554.4402	Bank's liability to customer for wrongful dishonor -- time of determining insufficiency of account
§ 554.4403	Customer's right to stop payment -- burden of proof of loss
§ 554.4404	Bank not obligated to pay check more than six months old
§ 554.4405	Death or incompetence of customer
§ 554.4406	Customer's duty to discover and report unauthorized signature or alteration
§ 554.4407	Payor bank's right to subrogation on improper payment
§ 554.4501	Handling of documentary drafts -- duty to send for presentment and to notify customer of dishonor
§ 554.4502	Presentment of "on arrival" drafts
§ 554.4503	Responsibility of presenting bank for documents and goods -- report of reasons for dishonor -- referee in case of need
§ 554.4504	Privilege of presenting bank to deal with goods -- security interest for expenses
§ 554.5101	Short title
§ 554.5102	Definitions
§ 554.5103	Scope
§ 554.5104	Formal requirements
§ 554.5105	Consideration
§ 554.5106	Issuance, amendment, cancellation, and duration
§ 554.5107	Confirmer, nominated person, and adviser
§ 554.5108	Issuer's rights and obligations
§ 554.5109	Fraud and forgery
§ 554.5110	Warranties
§ 554.5111	Remedies
§ 554.5112	Transfer of letter of credit
§ 554.5113	Transfer by operation of law
§ 554.5114	Assignment of proceeds
§ 554.5115	Statute of limitations
§ 554.5116	Choice of law and forum
§ 554.5117	Subrogation of issuer, applicant, and nominated person
§ 554.5118	Security interest of issuer or nominated person
§ 554.7101	Short title
§ 554.7102	Definitions and index of definitions
§ 554.7103	Relation of Article to treaty or statute
§ 554.7104	Negotiable and nonnegotiable document of title
§ 554.7105	Reissuance in alternative medium
§ 554.7106	Control of electronic document of title
§ 554.7201	Person that may issue a warehouse receipt -- storage under bond
§ 554.7202	Form of warehouse receipt -- effect of omission
§ 554.7203	Liability for nonreceipt or misdescription
§ 554.7204	Duty of care -- contractual limitation of warehouse's liability
§ 554.7205	Title under warehouse receipt defeated in certain cases
§ 554.7206	Termination of storage at warehouse's option
§ 554.7207	Goods must be kept separate -- fungible goods
§ 554.7208	Altered warehouse receipts
§ 554.7209	Lien of warehouse
§ 554.7210	Enforcement of warehouse's lien
§ 554.7301	Liability for nonreceipt or misdescription -- "said to contain" -- "shipper's weight, load, and count" -- improper handling
§ 554.7302	Through bills of lading and similar documents of title
§ 554.7303	Diversion -- reconsignment -- change of instructions
§ 554.7304	Tangible bills of lading in a set
§ 554.7305	Destination bills
§ 554.7306	Altered bills of lading
§ 554.7307	Lien of carrier
§ 554.7308	Enforcement of carrier's lien
§ 554.7309	Duty of care -- contractual limitation of carrier's liability
§ 554.7401	Irregularities in issue of receipt or bill or conduct of issuer
§ 554.7402	Duplicate document of title -- overissue
§ 554.7403	Obligation of bailee to deliver -- excuse
§ 554.7404	No liability for good-faith delivery pursuant to document of title
§ 554.7501	Form of negotiation and requirements of due negotiation
§ 554.7502	Rights acquired by due negotiation
§ 554.7503	Document of title to goods defeated in certain cases
§ 554.7504	Rights acquired in absence of due negotiation -- effect of diversion -- stoppage of delivery
§ 554.7505	Indorser not guarantor for other parties
§ 554.7506	Delivery without indorsement -- right to compel indorsement
§ 554.7507	Warranties on negotiation or delivery of document of title
§ 554.7508	Warranties of collecting bank as to documents of title
§ 554.7509	Adequate compliance with commercial contract
§ 554.7601	Lost, stolen, or destroyed documents of title
§ 554.7601A	Lost, stolen, or destroyed documents -- additional requirements
§ 554.7602	Judicial process against goods covered by negotiable document of title
§ 554.7603	Conflicting claims -- interpleader
§ 554.8101	Short title
§ 554.8102	Definitions
§ 554.8103	Rules for determining whether certain obligations and interests are securities or financial assets
§ 554.8104	Acquisition of security or financial asset or interest therein
§ 554.8105	Notice of adverse claim
§ 554.8106	Control
§ 554.8107	Whether indorsement, instruction, or entitlement order is effective
§ 554.8108	Warranties in direct holding
§ 554.8109	Warranties in indirect holding
§ 554.8110	Applicability -- choice of law
§ 554.8111	Clearing corporation rules
§ 554.8112	Creditor's legal process
§ 554.8113	Statute of frauds inapplicable
§ 554.8114	Evidentiary rules concerning certificated securities
§ 554.8115	Securities intermediary and others not liable to adverse claimant
§ 554.8116	Securities intermediary as purchaser for value
§ 554.8201	Issuer
§ 554.8202	Issuer's responsibility and defenses -- notice of defect or defense
§ 554.8203	Staleness as notice of defect or defense
§ 554.8204	Effect of issuer's restriction on transfer
§ 554.8205	Effect of unauthorized signature on security certificate
§ 554.8206	Completion or alteration of security certificate
§ 554.8207	Rights and duties of issuer with respect to registered owners
§ 554.8208	Effect of signature of authenticating trustee, registrar, or transfer agent
§ 554.8209	Issuer's lien
§ 554.8210	Overissue
§ 554.8301	Delivery
§ 554.8302	Rights of purchaser
§ 554.8303	Protected purchaser
§ 554.8304	Indorsement
§ 554.8305	Instruction
§ 554.8306	Effect of guaranteeing signature, indorsement, or instruction
§ 554.8307	Purchaser's right to requisites for registration of transfer
§ 554.8401	Duty of issuer to register transfer
§ 554.8402	Assurance that indorsement or instruction is effective
§ 554.8403	Demand that issuer not register transfer
§ 554.8404	Wrongful registration
§ 554.8405	Replacement of lost, destroyed, or wrongfully taken security certificate
§ 554.8406	Obligation to notify issuer of lost, destroyed, or wrongfully taken security certificate
§ 554.8407	Authenticating trustee, transfer agent, and registrar
§ 554.8501	Securities account -- acquisition of security entitlement from securities intermediary
§ 554.8502	Assertion of adverse claim against entitlement holder
§ 554.8503	Property interest of entitlement holder in financial asset held by securities intermediary
§ 554.8504	Duty of securities intermediary to maintain financial asset
§ 554.8505	Duty of securities intermediary with respect to payments and distributions
§ 554.8506	Duty of securities intermediary to exercise rights as directed by entitlement holder
§ 554.8507	Duty of securities intermediary to comply with entitlement order
§ 554.8508	Duty of securities intermediary to change entitlement holder's position to other form of security holding
§ 554.8509	Specification of duties of securities intermediary by other statute or regulation -- manner of performance of duties of securities intermediary and exercise of rights of entitlement holder
§ 554.8510	Rights of purchaser of security entitlement from entitlement holder
§ 554.8511	Priority among security interests and entitlement holders
§ 554.9101	Short title
§ 554.9102	Definitions and index of definitions
§ 554.9103	Purchase-money security interest -- application of payments -- burden of establishing
§ 554.9104	Control of deposit account
§ 554.9105	Control of electronic chattel paper
§ 554.9106	Control of investment property
§ 554.9107	Control of letter-of-credit right
§ 554.9108	Sufficiency of description
§ 554.9109	Scope
§ 554.9110	Security interests arising under Article 2 or 13
§ 554.9201	General effectiveness of security agreement
§ 554.9202	Title to collateral immaterial
§ 554.9203	Attachment and enforceability of security interest -- proceeds -- supporting obligations -- formal requisites
§ 554.9204	After-acquired property -- future advances
§ 554.9205	Use or disposition of collateral permissible
§ 554.9206	Security interest arising in purchase or delivery of financial asset
§ 554.9207	Rights and duties of secured party having possession or control of collateral
§ 554.9208	Additional duties of secured party having control of collateral
§ 554.9209	Duties of secured party if account debtor has been notified of assignment
§ 554.9210	Request for accounting -- request regarding list of collateral or statement of account
§ 554.9301	Law governing perfection and priority of security interests
§ 554.9302	Law governing perfection and priority of agricultural liens
§ 554.9303	Law governing perfection and priority of security interests in goods covered by a certificate of title
§ 554.9304	Law governing perfection and priority of security interests in deposit accounts
§ 554.9305	Law governing perfection and priority of security interests in investment property
§ 554.9306	Law governing perfection and priority of security interests in letter-of-credit rights
§ 554.9307	Location of debtor
§ 554.9308	When security interest or agricultural lien is perfected -- continuity of perfection
§ 554.9309	Security interest perfected upon attachment
§ 554.9310	When filing required to perfect security interest or agricultural lien -- security interests and agricultural liens to which filing provisions do not apply
§ 554.9311	Perfection of security interests in property subject to certain statutes, regulations, and treaties
§ 554.9312	Perfection of security interests in chattel paper, deposit accounts, documents, goods covered by documents, instruments, investment property, letter-of-credit rights, and money -- perfection by permissive filing -- temporary perfection without filing or
§ 554.9313	When possession by or delivery to secured party perfects security interest without filing
§ 554.9314	Perfection by control
§ 554.9315	Secured party's rights on disposition of collateral and in proceeds
§ 554.9316	Continued perfection of security interest following change in governing law
§ 554.9317	Interests that take priority over or take free of security interest or agricultural lien
§ 554.9318	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
§ 554.9319	Rights and title of consignee with respect to creditors and purchasers
§ 554.9320	Buyer of goods
§ 554.9321	Licensee of general intangible and lessee of goods in ordinary course of business
§ 554.9322	Priorities among conflicting security interests in and agricultural liens on same collateral
§ 554.9323	Future advances
§ 554.9324	Priority of purchase-money security interests
§ 554.9325	Priority of security interests in transferred collateral
§ 554.9326	Priority of security interests created by new debtor
§ 554.9327	Priority of security interests in deposit account
§ 554.9328	Priority of security interests in investment property
§ 554.9329	Priority of security interests in letter-of-credit right
§ 554.9330	Priority of purchaser of chattel paper or instrument
§ 554.9331	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
§ 554.9332	Transfer of money -- transfer of funds from deposit account
§ 554.9333	Priority of certain liens arising by operation of law
§ 554.9334	Priority of security interests in fixtures and crops
§ 554.9335	Accessions
§ 554.9336	Commingled goods
§ 554.9337	Priority of security interests in goods covered by certificate of title
§ 554.9338	Priority of security interest or agricultural lien perfected by filed financing statement providing certain incorrect information
§ 554.9339	Priority subject to subordination
§ 554.9340	Effectiveness of right of recoupment or setoff against deposit account
§ 554.9341	Bank's rights and duties with respect to deposit account
§ 554.9342	Bank's right to refuse to enter into or disclose existence of control agreement
§ 554.9401	Alienability of debtor's rights
§ 554.9402	Secured party not obligated on contract of debtor or in tort
§ 554.9403	Agreement not to assert defenses against assignee
§ 554.9404	Rights acquired by assignee -- claims and defenses against assignee
§ 554.9405	Modification of assigned contract
§ 554.9406	Discharge of account debtor -- notification of assignment -- identification and proof of assignment -- restrictions on assignment of accounts, chattel paper, payment intangibles, and promissory notes ineffective
§ 554.9407	Restrictions on creation or enforcement of security interest in leasehold interest or in lessor's residual interest
§ 554.9408	Restrictions on assignment of promissory notes, health care insurance receivables, and certain general intangibles ineffective
§ 554.9409	Restrictions on assignment of letter-of-credit rights ineffective
§ 554.9501	Filing office
§ 554.9502	Contents of financing statement -- record of mortgage as financing statement -- time of filing financing statement
§ 554.9503	Name of debtor and secured party
§ 554.9504	Indication of collateral
§ 554.9505	Filing and compliance with other statutes and treaties for consignments, leases, other bailments, and other transactions
§ 554.9506	Effect of errors or omissions
§ 554.9507	Effect of certain events on effectiveness of financing statement
§ 554.9508	Effectiveness of financing statement if new debtor becomes bound by security agreement
§ 554.9509	Persons entitled to file a record
§ 554.9510	Effectiveness of filed record
§ 554.9511	Secured party of record
§ 554.9512	Amendment of financing statement
§ 554.9513	Termination statement
§ 554.9514	Assignment of powers of secured party of record
§ 554.9515	Duration and effectiveness of financing statement -- effect of lapsed financing statement
§ 554.9516	What constitutes filing -- effectiveness of filing
§ 554.9517	Effect of indexing errors
§ 554.9518	Claim concerning inaccurate or wrongfully filed record
§ 554.9519	Numbering, maintaining, and indexing records -- communicating information provided in records
§ 554.9520	Acceptance and refusal to accept record
§ 554.9521	Uniform form of written financing statement and amendment
§ 554.9522	Maintenance and destruction of records
§ 554.9523	Information from filing office -- sale or license of records
§ 554.9524	Delay by filing office
§ 554.9525	Fees
§ 554.9526	Filing-office rules
§ 554.9527	Duty to report
§ 554.9601	Rights after default -- judicial enforcement -- consignor or buyer of accounts, chattel paper, payment intangibles, or promissory notes
§ 554.9602	Waiver and variance of rights and duties
§ 554.9603	Agreement on standards concerning rights and duties
§ 554.9604	Procedure if security agreement covers real property or fixtures
§ 554.9605	Unknown debtor or secondary obligor
§ 554.9606	Time of default for agricultural lien
§ 554.9607	Collection and enforcement by secured party
§ 554.9608	Application of proceeds of collection or enforcement -- liability for deficiency and right to surplus
§ 554.9609	Secured party's right to take possession after default
§ 554.9610	Disposition of collateral after default
§ 554.9611	Notification before disposition of collateral
§ 554.9612	Timeliness of notification before disposition of collateral
§ 554.9613	Contents and form of notification before disposition of collateral -- general
§ 554.9614	Contents and form of notification before disposition of collateral -- consumer-goods transaction
§ 554.9615	Application of proceeds of disposition -- liability for deficiency and right to surplus
§ 554.9616	Explanation of calculation of surplus or deficiency
§ 554.9617	Rights of transferee of collateral
§ 554.9618	Rights and duties of certain secondary obligors
§ 554.9619	Transfer of record or legal title
§ 554.9620	Acceptance of collateral in full or partial satisfaction of obligation -- compulsory disposition of collateral
§ 554.9621	Notification of proposal to accept collateral
§ 554.9622	Effect of acceptance of collateral
§ 554.9623	Right to redeem collateral
§ 554.9624	Waiver
§ 554.9625	Remedies for secured party's failure to comply with Article
§ 554.9626	Action in which deficiency or surplus is in issue
§ 554.9627	Determination of whether conduct was commercially reasonable
§ 554.9628	Nonliability and limitation on liability of secured party -- liability of secondary obligor
§ 554.9701	Effective date
§ 554.9702	Savings clause
§ 554.9703	Security interest perfected before effective date
§ 554.9704	Security interest unperfected before effective date
§ 554.9705	Effectiveness of action taken before effective date
§ 554.9706	When initial financing statement suffices to continue effectiveness of financing statement
§ 554.9707	Amendment of pre-effective-date financing statement
§ 554.9708	Persons entitled to file initial financing statement or continuation statement
§ 554.9709	Priority
§ 554.9710	"Former" defined
§ 554.10101	Effective date
§ 554.10103	General repealer
§ 554.10105	Secretary of state exempted from personal liability
§ 554.11101	Effective date
§ 554.11102	Preservation of old transition provision
§ 554.11103	Transition to this chapter as amended -- general rule
§ 554.11104	Transition provision on change of requirement of filing
§ 554.11107	Transition provisions as to priorities
§ 554.11108	Presumption that rule of law continues unchanged
§ 554.11109	Effect of official comments
§ 554.12101	Short title
§ 554.12102	Subject matter
§ 554.12103	Payment order -- definitions
§ 554.12104	Funds transfer -- definitions
§ 554.12105	Other definitions
§ 554.12106	Time payment order is received
§ 554.12107	Federal reserve regulations and operating circulars
§ 554.12108	Exclusion of consumer transactions governed by federal law
§ 554.12201	Security procedure
§ 554.12202	Authorized and verified payment orders
§ 554.12203	Unenforceability of certain verified payment orders
§ 554.12204	Refund of payment and duty of customer to report with respect to unauthorized payment order
§ 554.12205	Erroneous payment orders
§ 554.12206	Transmission of payment order through funds-transfer or other communication system
§ 554.12207	Misdescription of beneficiary
§ 554.12208	Misdescription of intermediary bank or beneficiary's bank
§ 554.12209	Acceptance of payment order
§ 554.12210	Rejection of payment order
§ 554.12211	Cancellation and amendment of payment order
§ 554.12212	Liability and duty of receiving bank regarding unaccepted payment order
§ 554.12301	Execution and execution date
§ 554.12302	Obligations of receiving bank in execution of payment order
§ 554.12303	Erroneous execution of payment order
§ 554.12304	Duty of sender to report erroneously executed payment order
§ 554.12305	Liability for late or improper execution or failure to execute payment order
§ 554.12401	Payment date
§ 554.12402	Obligation of sender to pay receiving bank
§ 554.12403	Payment by sender to receiving bank
§ 554.12404	Obligation of beneficiary's bank to pay and give notice to beneficiary
§ 554.12405	Payment by beneficiary's bank to beneficiary
§ 554.12406	Payment by originator to beneficiary -- discharge of underlying obligation
§ 554.12501	Variation by agreement and effect of funds-transfer system rule
§ 554.12502	Creditor process served on receiving bank -- setoff by beneficiary's bank
§ 554.12503	Injunction or restraining order with respect to funds transfer
§ 554.12504	Order in which items and payment orders may be charged to account -- order of withdrawals from account
§ 554.12505	Preclusion of objection to debit of customer's account
§ 554.12506	Rate of interest
§ 554.12507	Choice of law
§ 554.13101	Short title
§ 554.13102	Scope
§ 554.13103	Definitions and index of definitions
§ 554.13104	Leases subject to other law
§ 554.13105	Territorial application of Article to goods covered by certificate of title
§ 554.13106	Limitation on power of parties to consumer lease to choose applicable law and judicial forum
§ 554.13107	Waiver or renunciation of claim or right after default
§ 554.13108	Unconscionability
§ 554.13109	Option to accelerate at will
§ 554.13201	Statute of frauds
§ 554.13202	Final written expression -- parol or extrinsic evidence
§ 554.13203	Seals inoperative
§ 554.13204	Formation in general
§ 554.13205	Firm offers
§ 554.13206	Offer and acceptance in formation of lease contract
§ 554.13208	Modification, rescission, and waiver
§ 554.13209	Lessee under finance lease as beneficiary of supply contract
§ 554.13210	Express warranties
§ 554.13211	Warranties against interference and against infringement -- lessee's obligation against infringement
§ 554.13212	Implied warranty of merchantability
§ 554.13213	Implied warranty of fitness for particular purpose
§ 554.13214	Exclusion or modification of warranties
§ 554.13215	Cumulation and conflict of warranties express or implied
§ 554.13216	Third-party beneficiaries of express and implied warranties
§ 554.13217	Identification
§ 554.13218	Insurance and proceeds
§ 554.13219	Risk of loss
§ 554.13220	Effect of default on risk of loss
§ 554.13221	Casualty to identified goods
§ 554.13301	Enforceability of lease contract
§ 554.13302	Title to and possession of goods
§ 554.13303	Alienability of party's interest under lease contract or of lessor's residual interest in goods -- delegation of performance -- transfer of rights
§ 554.13304	Subsequent lease of goods by lessor
§ 554.13305	Sale or sublease of goods by lessee
§ 554.13306	Priority of certain liens arising by operation of law
§ 554.13307	Priority of liens arising by attachment or levy on, security interests in, and other claims to goods
§ 554.13308	Special rights of creditors
§ 554.13309	Lessor's and lessee's rights when goods become fixtures
§ 554.13310	Lessor's and lessee's rights when goods become accessions
§ 554.13311	Priority subject to subordination
§ 554.13401	Insecurity -- adequate assurance of performance
§ 554.13402	Anticipatory repudiation
§ 554.13403	Retraction of anticipatory repudiation
§ 554.13404	Substituted performance
§ 554.13405	Excused performance
§ 554.13406	Procedure on excused performance
§ 554.13407	Irrevocable promises -- finance leases
§ 554.13501	Default -- procedure
§ 554.13502	Notice after default
§ 554.13503	Modification or impairment of rights and remedies
§ 554.13504	Liquidation of damages
§ 554.13505	Cancellation and termination and effect of cancellation, termination, rescission, or fraud on rights and remedies
§ 554.13506	Statute of limitations
§ 554.13507	Proof of market rent -- time and place
§ 554.13508	Lessee's remedies
§ 554.13509	Lessee's rights on improper delivery -- rightful rejection
§ 554.13510	Installment lease contracts -- rejection and default
§ 554.13511	Merchant lessee's duties as to rightfully rejected goods
§ 554.13512	Lessee's duties as to rightfully rejected goods
§ 554.13513	Cure by lessor of improper tender or delivery -- replacement
§ 554.13514	Waiver of lessee's objections
§ 554.13515	Acceptance of goods
§ 554.13516	Effect of acceptance of goods -- notice of default -- burden of establishing default after acceptance -- notice of claim or litigation to person answerable over
§ 554.13517	Revocation of acceptance of goods
§ 554.13518	Cover -- substitute goods
§ 554.13519	Lessee's damages for nondelivery, repudiation, default, and breach of warranty in regard to accepted goods
§ 554.13520	Lessee's incidental and consequential damages
§ 554.13521	Lessee's right to specific performance or replevin
§ 554.13522	Lessee's right to goods on lessor's insolvency
§ 554.13523	Lessor's remedies
§ 554.13524	Lessor's right to identify goods to lease contract
§ 554.13525	Lessor's right to possession of goods
§ 554.13526	Lessor's stoppage of delivery in transit or otherwise
§ 554.13527	Lessor's rights to dispose of goods
§ 554.13528	Lessor's damages for nonacceptance, failure to pay, repudiation, or other default
§ 554.13529	Lessor's action for the rent
§ 554.13530	Lessor's incidental damages
§ 554.13531	Standing to sue third parties for injury to goods
§ 554.13532	Lessor's rights to residual interest

________________________________________________________________________

Questions & Answers: Uniform Commercial Code

Thank you for your help!!!!!...

Im sorry but what is the code that states indiana joint liabilty law and what does it mean if you have a room mate ...

My dad and mom agreed that if he did not contest the terms of their divorce, he would give her temporary ownership of two homes which were to be given to myself and my brother when...

Bought a new Whirlpool clothes dryer. The "accudry sensor" in the dryer had a rough edge. It ate our clothes. ~$200 of new towels, etc.. (have receipts). Called Whilpool - - was...

I have the same two questions above on foreclosure and note what if the mortgage note was never registered in the UCC court file by the original lender. Is this a fraud because th...

I bought a used car from a dealer on march 22. within 24 hrs the check engine lite came on. seller had me take car to their mechanic who cleaned the filter and said it was fixed....

Bookmark

Comments (0) add comment