Year unavailable
RS 10:9-104
A secured party has control of a deposit account only if one of the listed conditions is met.
- Control
- Deposit accounts
- Secured party
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20 statutes shown from 46,252 source-backed records
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RS 10:9-105
A purchaser controls an authoritative electronic copy of chattel paper only if the system reliably identifies the purchaser as the assignee, and certain system features and exclusive powers are present.
- Asset transfer
- Custody/control
- Electronic records
Year unavailable
RS 10:9-106
This section defines when a person or secured party has “control” of certain securities, commodity contracts, and related accounts.
- Control
- Investment property
- Security interests
Year unavailable
RS 10:9-107
A secured party has control of a letter-of-credit right when the issuer or nominated person has consented to an assignment of proceeds.
- Letter-of-credit rights
- Security interests
Year unavailable
RS 10:9-107.1
The section explains when a secured party has control of a life insurance policy and when beneficiary consent is needed before a security interest attaches.
- Life insurance policy control
- Security interest attachment
Year unavailable
RS 10:9-107.2
A secured party that meets the listed statutory conditions has control of the collateral even if it agreed to wait until default or another condition happens.
- Collateral control
- Default conditions
Year unavailable
RS 10:9-107.3
A secured party has control of a controllable electronic record as provided by the cited rule, and also has control of a controllable account or payment intangible if it controls the electronic record that evidences it.
- Accounts
- Control
- Electronic records
- Payment intangibles
Year unavailable
RS 10:9-107.4
A person with control under the cited provisions does not have to acknowledge that control on behalf of another person.
- Acknowledgment of control
- Duty disclaimer
Year unavailable
RS 10:9-108
A collateral description is enough if it reasonably identifies the property, but some broad or type-only descriptions are not enough.
- Collateral description
- Security interests
Year unavailable
RS 10:9-109
This section says when Chapter 9 applies, and when it does not apply, for listed security-interest transactions and related exclusions.
- Collateral
- Filing
- Priority
- Security interests
Year unavailable
RS 10:9-201
A security agreement is effective under its terms, but consumer-protection and other applicable laws still control when they differ.
- Consumer laws
- Loan terms
- Security agreements
Year unavailable
RS 10:9-202
This section says that, except for certain consignments or sales of specified payment-related assets, the Chapter’s rights-and-obligations rules apply even if title to the collateral is held by the secured party instead of the debtor.
- Accounts
- Chattel paper
- Collateral
- Consignments
- Payment intangibles
Year unavailable
RS 10:9-203
This section says when a security interest attaches and when it is enforceable against the debtor and third parties.
- Attachment
- Collateral
- Enforceability
- Security interests
Year unavailable
RS 10:9-204
A security agreement may cover after-acquired collateral, but an after-acquired property clause does not attach to several listed items, including consumer goods (with limits), tort claims, judgments, life insurance policies, trust interests, estate interests, and collateral mortgage notes.
- Collateral
- Future advances
Year unavailable
RS 10:9-205
A security interest is not invalid or fraudulent just because the debtor may deal with the collateral or proceeds, or because the secured party does not require accounting or replacement.
- Collateral
- Possession
- Security interests
Year unavailable
RS 10:9-206
A security interest can attach in two kinds of transactions involving financial assets: when a buyer purchases through a securities intermediary, and when a person delivers a certificated security or other financial asset for payment.
- Financial assets
- Security interests
Year unavailable
RS 10:9-207
A secured party in possession or control of collateral must use reasonable care and keep the collateral identifiable, subject to stated exceptions.
- Collateral possession and control
- Secured party duties
Year unavailable
RS 10:9-208
A secured party with control of certain collateral must, after a signed demand by the debtor and within 10 days, release or transfer control as specified.
- Collateral
- Control of collateral
- Secured party duties
Year unavailable
RS 10:9-209
A secured party must, within 10 days after a debtor’s signed demand, send the account debtor a signed record releasing it from further obligation, unless the assignment is a sale of certain listed assets.
- Account assignments
- Debt collection
Year unavailable
RS 10:9-210
This section requires a secured party to answer certain debtor requests within 14 days, and it lets the secured party charge up to $25 for extra responses after the first free one in a six-month period.
- Accounting requests
- Collateral lists
- Statements of account
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