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South Carolina Code of Laws

Chapter 9

S.C. Code Ann. tit. 36, ch. 9

Commercial Code - Secured Transactions; Sales of Accounts, Contract Rights and Chattel Paper

36-9-101Short title 36-9-102Definitions and index of definitions 36-9-103Purchase-money security interest; application of payments; burden of establishing 36-9-104Control of deposit account 36-9-105Control of electronic chattel paper 36-9-106Control of investment property 36-9-107Control of letter-of-credit right 36-9-108Sufficiency of description 36-9-109Scope 36-9-110Security interests arising under Chapter 2 36-9-111UCC lien satisfaction 36-9-112Where collateral is not owned by debtor 36-9-112 to 36-9-114[1988 Act No. 494, Section 5, eff January 1, 1989]Repealed by 2001 Act No. 67, Section 5, eff July 1, 2001 36-9-113Security interests arising under chapter on sales 36-9-114Consignment 36-9-201General effectiveness of security agreement 36-9-202Title to collateral immaterial 36-9-203Attachment and enforceability of security interest; proceeds; supporting obligations; formal requisites 36-9-204After-acquired property; future advances 36-9-205Use or disposition of collateral permissible 36-9-206Security interest arising in purchase or delivery of financial asset 36-9-207Rights and duties of secured party having possession or control of collateral 36-9-208Additional duties of secured party having control of collateral 36-9-209Duties of secured party if account debtor has been notified of assignment 36-9-210Request for accounting; request regarding list of collateral or statement of account 36-9-301Law governing perfection and priority of security interests 36-9-302Law governing perfection and priority of agricultural liens 36-9-303Law governing perfection and priority of security interests in goods covered by a certificate of title 36-9-304Law governing perfection and priority of security interests in deposit accounts 36-9-305Law governing perfection and priority of security interests in investment property 36-9-306Law governing perfection and priority of security interests in letter-of-credit rights 36-9-307Location of debtor 36-9-308When security interest or agricultural lien is perfected; continuity of perfection 36-9-309Security interest perfected upon attachment 36-9-310When filing required to perfect security interest or agricultural lien; security interests and agricultural liens to which filing provisions do not apply 36-9-311Perfection of security interests in property subject to certain statutes, regulations, and treaties 36-9-312Perfection 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 transfer of possession 36-9-313When possession by or delivery to secured party perfects security interest without filing 36-9-314Perfection by control 36-9-315Secured party ' s rights on disposition of collateral and in proceeds 36-9-316Continued perfection of security interest following change in governing law 36-9-317Interests that take priority over or take free of security interest or agricultural lien 36-9-318No 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 36-9-319Rights and title of consignee with respect to creditors and purchasers 36-9-320Buyer of goods 36-9-321Licensee of general intangible and lessee of goods in ordinary course of business 36-9-322Priorities among conflicting security interests in and agricultural liens on same collateral 36-9-323Future advances 36-9-324Priority of purchase-money security interests 36-9-325Priority of security interests in transferred collateral 36-9-326Priority of security interests created by new debtor 36-9-327Priority of security interests in deposit account 36-9-328Priority of security interests in investment property 36-9-329Priority of security interests in letter-of-credit right 36-9-330Priority of purchaser of chattel paper or instrument 36-9-331Priority of rights of purchasers of instruments, documents, and securities under other articles; priority of interests in financial assets and security entitlements under Chapter 8 36-9-332Transfer of money; transfer of funds from deposit account 36-9-333Priority of certain liens arising by operation of law 36-9-334Priority of security interests in fixtures and crops 36-9-335Accessions 36-9-336Commingled goods 36-9-337Priority of security interests in goods covered by certificate of title 36-9-338Priority of security interest or agricultural lien perfected by filed financing statement providing certain incorrect information 36-9-339Priority subject to subordination 36-9-340Effectiveness of right of recoupment or set-off against deposit account 36-9-341Bank's rights and duties with respect to deposit account 36-9-342Bank's right to refuse to enter into or disclose existence of control agreement 36-9-401Alienability of debtor's rights 36-9-402Secured party not obligated on contract of debtor or in tort 36-9-403Agreement not to assert defenses against assignee 36-9-404Rights acquired by assignee; claims and defenses against assignee 36-9-405Modification of assigned contract 36-9-406Discharge of account debtor; notification of assignment; identification and proof of assignment; restrictions on assignment of accounts, chattel paper, payment intangibles, and promissory notes ineffective 36-9-407Restrictions on creation or enforcement of security interest in leasehold interest or in lessor's residual interest 36-9-408Restrictions on assignment of promissory notes, health care insurance receivables, and certain general intangibles ineffective 36-9-409Restrictions on assignment of letter-of-credit rights ineffective 36-9-410Unlawful sale or disposal of personal property subject to security interest; exceptions; penalties 36-9-501Filing office 36-9-502Contents of financing statement; record of mortgage as financing statement; time of filing financing statement 36-9-503Name of debtor and secured party 36-9-504Indication of collateral 36-9-505Filing and compliance with other statutes and treaties for consignments, leases, other bailments, and other transactions 36-9-506Effect of errors or omissions 36-9-507Effect of certain events on effectiveness of financing statement 36-9-508Effectiveness of financing statement if new debtor becomes bound by security agreement 36-9-509Persons entitled to file a record 36-9-510Effectiveness of filed record 36-9-511Secured party of record 36-9-512Amendment of financing statement 36-9-513Termination statement 36-9-514Assignment of powers of secured party of record 36-9-515Duration and effectiveness of financing statement; effect of lapsed financing statement 36-9-516What constitutes filing; effectiveness of filing 36-9-517Effect of indexing errors 36-9-518Claim concerning inaccurate or wrongfully filed record 36-9-519Numbering, maintaining, and indexing records; communicating information provided in records 36-9-520Acceptance and refusal to accept record 36-9-521Uniform form of written financing statement and amendment 36-9-522Maintenance and destruction of records 36-9-523Information from filing office; sale or license of records 36-9-524Delay by filing office 36-9-525Fees 36-9-526Filing-office rules 36-9-601Rights after default; judicial enforcement; consignor or buyer of accounts, chattel paper, payment intangibles, or promissory notes 36-9-602Waiver and variance of rights and duties 36-9-603Agreement on standards concerning rights and duties 36-9-604Procedure if security agreement covers real property or fixtures 36-9-605Unknown debtor or secondary obligor 36-9-606Time of default for agricultural lien 36-9-607Collection and enforcement by secured party 36-9-608Application of proceeds of collection or enforcement; liability for deficiency and right to surplus 36-9-609Secured party's right to take possession after default 36-9-610Disposition of collateral after default 36-9-611Notification before disposition of collateral 36-9-612Timeliness of notification before disposition of collateral 36-9-613Contents and form of notification before disposition of collateral: general 36-9-614Contents and form of notification before disposition of collateral: consumer-goods transaction 36-9-615Application of proceeds of disposition; liability for deficiency and right to surplus 36-9-616Explanation of calculation of surplus or deficiency 36-9-617Rights of transferee of collateral 36-9-618Rights and duties of certain secondary obligors 36-9-619Transfer of record or legal title 36-9-620Acceptance of collateral in full or partial satisfaction of obligation; compulsory disposition of collateral 36-9-621Notification of proposal to accept collateral 36-9-622Effect of acceptance of collateral 36-9-623Right to redeem collateral 36-9-624Waiver 36-9-625Remedies for secured party's failure to comply with chapter 36-9-626Action in which deficiency or surplus is in issue 36-9-627Determination of whether conduct was commercially reasonable 36-9-628Nonliability and limitation on liability of secured party; liability of secondary obligor 36-9-629Disposition of collateral by public sale 36-9-630Contents of notice of sale 36-9-631Posting and mailing notice of sale 36-9-632Exception as to perishable property 36-9-633Postponement of public sale 36-9-634Procedure upon dissolution of order restraining or enjoining sale 36-9-635Disposition of proceeds of sale 36-9-702Savings clause 36-9-703Security interest perfected before effective date 36-9-704Security interest unperfected before effective date 36-9-705Effectiveness of action taken before effective date 36-9-706When initial financing statement suffices to continue effectiveness of financing statement 36-9-707Pre-effective-date financing statement 36-9-708Persons entitled to file initial financing statement or continuation statement 36-9-709Priority 36-9-802Application and effect 36-9-803Effect on previously perfected security interests 36-9-804Timing of perfection of preexisting security interests 36-9-805Effect of previous filing of financing statement 36-9-806Filing of initial financing statement; requirements 36-9-807Pre-effective-date financing statement defined; addition or deletion of collateral; effect of pre-effective-date financing statement 36-9-808Filing of initial financing statement or continuation statement 36-9-809Determination of priority