Secured Transactions | Midpage554.9101Short title554.9102Definitions and index of definitions554.9103Purchase-money security interest — application of payments — burden of establishing554.9104Control of deposit account554.9105Control of electronic copy of record evidencing chattel paper554.9105AControl of electronic money554.9106Control of investment property554.9107Control of letter-of-credit right554.9107AControl of controllable account, controllable electronic record, or controllable payment intangible554.9107BNo requirement to acknowledge or confirm; no duties554.9108Sufficiency of description554.9109Scope554.9110Security interests arising under Article 2 or 13554.9201General effectiveness of security agreement554.9202Title to collateral immaterial554.9203Attachment and enforceability of security interest — proceeds — supporting obligations — formal requisites554.9204After-acquired property — future advances554.9205Use or disposition of collateral permissible554.9206Security interest arising in purchase or delivery of financial asset554.9207Rights and duties of secured party having possession or control of collateral554.9208Additional duties of secured party having control of collateral554.9209Duties of secured party if account debtor has been notified of assignment554.9210Request for accounting — request regarding list of collateral or statement of account554.9301Law governing perfection and priority of security interests554.9302Law governing perfection and priority of agricultural liens554.9303Law governing perfection and priority of security interests in goods covered by a certificate of title554.9304Law governing perfection and priority of security interests in deposit accounts554.9305Law governing perfection and priority of security interests in investment property554.9306Law governing perfection and priority of security interests in letter-of-credit rights554.9306ALaw governing perfection and priority of security interests in chattel paper554.9306BLaw governing perfection and priority of security interests in controllable accounts, controllable electronic records, and controllable payment intangibles554.9307Location of debtor554.9308When security interest or agricultural lien is perfected — continuity of perfection554.9309Security interest perfected upon attachment554.9310When filing required to perfect security interest or agricultural lien — security interests and agricultural liens to which filing provisions do not apply554.9311Perfection of security interests in property subject to certain statutes, regulations, and treaties554.9312Perfection of security interests in chattel paper, controllable accounts, controllable electronic records, controllable payment intangibles, deposit accounts, negotiable documents, goods covered by documents, instruments, investment property, letter-of-credit rights, and money — perfection by permissive filing — temporary perfection without filing or transfer of possession554.9313When possession by or delivery to secured party perfects security interest without filing554.9314Perfection by control554.9314APerfection by possession and control of chattel paper554.9315Secured party’s rights on disposition of collateral and in proceeds554.9316Effect of change in governing law554.9317Interests that take priority over or take free of security interest or agricultural lien554.9318No interest retained in right to payment that is sold — rights and title of seller of account or chattel paper with respect to creditors and purchasers554.9319Rights and title of consignee with respect to creditors and purchasers554.9320Buyer of goods554.9321Licensee of general intangible and lessee of goods in ordinary course of business554.9322Priorities among conflicting security interests in and agricultural liens on same collateral554.9323Future advances554.9324Priority of purchase-money security interests554.9325Priority of security interests in transferred collateral554.9326Priority of security interests created by new debtor554.9326APriority of security interests in controllable account, controllable electronic record, and controllable payment intangible554.9327Priority of security interests in deposit account554.9328Priority of security interests in investment property554.9329Priority of security interests in letter-of-credit right554.9330Priority of purchaser of chattel paper or instrument554.9331Priority of rights of purchasers of controllable accounts, controllable electronic records, controllable payment intangibles, documents, instruments, and securities under other Articles — priority of interests in financial assets and security entitlements and protection against assertion of claims under Articles 8 and 14554.9332Transfer of money — transfer of funds from deposit account554.9333Priority of certain liens arising by operation of law554.9334Priority of security interests in fixtures and crops554.9335Accessions554.9336Commingled goods554.9337Priority of security interests in goods covered by certificate of title554.9338Priority of security interest or agricultural lien perfected by filed financing statement providing certain incorrect information554.9339Priority subject to subordination554.9340Effectiveness of right of recoupment or setoff against deposit account554.9341Bank’s rights and duties with respect to deposit account554.9342Bank’s right to refuse to enter into or disclose existence of control agreement554.9401Alienability of debtor’s rights554.9402Secured party not obligated on contract of debtor or in tort554.9403Agreement not to assert defenses against assignee554.9404Rights acquired by assignee — claims and defenses against assignee554.9405Modification of assigned contract554.9406Discharge of account debtor — notification of assignment — identification and proof of assignment — restrictions on assignment of accounts, chattel paper, payment intangibles, and promissory notes ineffective554.9407Restrictions on creation or enforcement of security interest in leasehold interest or in lessor’s residual interest554.9408Restrictions on assignment of promissory notes, health care insurance receivables, and certain general intangibles ineffective554.9409Restrictions on assignment of letter-of-credit rights ineffective554.9501Filing office554.9502Contents of financing statement — record of mortgage as financing statement — time of filing financing statement554.9503Name of debtor and secured party554.9504Indication of collateral554.9505Filing and compliance with other statutes and treaties for consignments, leases, other bailments, and other transactions554.9506Effect of errors or omissions554.9507Effect of certain events on effectiveness of financing statement554.9508Effectiveness of financing statement if new debtor becomes bound by security agreement554.9509Persons entitled to file a record554.9510Effectiveness of filed record554.9511Secured party of record554.9512Amendment of financing statement554.9513Termination statement554.9513ATermination of wrongfully filed financing statement — reinstatement554.9514Assignment of powers of secured party of record554.9515Duration and effectiveness of financing statement — effect of lapsed financing statement554.9516What constitutes filing — effectiveness of filing554.9517Effect of indexing errors554.9518Claim concerning inaccurate or wrongfully filed record554.9519Numbering, maintaining, and indexing records — communicating information provided in records554.9520Acceptance and refusal to accept record554.9521Uniform form of written financing statement and amendment554.9522Maintenance and destruction of records554.9523Information from filing office — sale or license of records554.9524Delay by filing office554.9525Fees554.9526Filing-office rules554.9527Duty to report554.9601Rights after default — judicial enforcement — consignor or buyer of accounts, chattel paper, payment intangibles, or promissory notes554.9602Waiver and variance of rights and duties554.9603Agreement on standards concerning rights and duties554.9604Procedure if security agreement covers real property or fixtures554.9605Unknown debtor or secondary obligor554.9606Time of default for agricultural lien554.9607Collection and enforcement by secured party554.9608Application of proceeds of collection or enforcement — liability for deficiency and right to surplus554.9609Secured party’s right to take possession after default554.9610Disposition of collateral after default554.9611Notification before disposition of collateral554.9612Timeliness of notification before disposition of collateral554.9613Contents and form of notification before disposition of collateral — general554.9614Contents and form of notification before disposition of collateral — consumer-goods transaction554.9615Application of proceeds of disposition — liability for deficiency and right to surplus554.9616Explanation of calculation of surplus or deficiency554.9617Rights of transferee of collateral554.9618Rights and duties of certain secondary obligors554.9619Transfer of record or legal title554.9620Acceptance of collateral in full or partial satisfaction of obligation — compulsory disposition of collateral554.9621Notification of proposal to accept collateral554.9622Effect of acceptance of collateral554.9623Right to redeem collateral554.9624Waiver554.9625Remedies for secured party’s failure to comply with Article554.9626Action in which deficiency or surplus is in issue554.9627Determination of whether conduct was commercially reasonable554.9628Nonliability and limitation on liability of secured party — liability of secondary obligor554.9801Effective date554.9802Savings clause554.9803Security interest perfected before effective date554.9804Security interest unperfected before effective date554.9805Effectiveness of action taken before effective date554.9806When initial financing statement suffices to continue effectiveness of financing statement554.9807Amendment of pre-effective-date financing statement554.9808Person entitled to file initial financing statement or continuation statement554.9809Priority