MCL - Index of 174-1962-9
NOTE: Dates reflect any modification to item, not necessarily a change in law.
| Title | Subject |
|---|---|
| 174-1962-9 | ARTICLE 9 SECURED TRANSACTIONS (440.9101...440.9994) |
| 174-1962-9-1 | PART 1 GENERAL PROVISIONS (440.9101...440.9116) |
| 174-1962-9-1-1. | SUBPART 1. SHORT TITLE, DEFINITIONS, AND GENERAL CONCEPTS (440.9101...440.9108) |
| Section 440.9101 | Uniform commercial code—secured transactions; short title. |
| Section 440.9102 | Definitions and index of definitions. |
| Section 440.9103 | Purchase-money security interest; application of payments; burden of establishing. |
| Section 440.9104 | Control of deposit account. |
| Section 440.9105 | Control of electronic chattel paper. |
| Section 440.9106 | Control of investment property. |
| Section 440.9107 | Control of letter-of-credit right. |
| Section 440.9108 | Sufficiency of description. |
| 174-1962-9-1-2. | SUBPART 2. APPLICABILITY OF ARTICLE (440.9109...440.9116) |
| Section 440.9109 | Scope. |
| Section 440.9110 | Security interests arising under article 2 or 2A. |
| Section 440.9111 | Repealed. 1998, Act 489, Imd. Eff. Jan. 4, 1999. |
| Section 440.9112-440.9116 | Repealed. 2000, Act 348, Eff. July 1, 2001. |
| 174-1962-9-2 | PART 2 EFFECTIVENESS OF SECURITY AGREEMENT; ATTACHMENT OF SECURITY INTEREST; RIGHTS OF PARTIES TO SECURITY AGREEMENT (440.9201...440.9210) |
| 174-1962-9-2-1. | SUBPART 1. EFFECTIVENESS AND ATTACHMENT (440.9201...440.9206) |
| Section 440.9201 | General effectiveness of security agreement. |
| Section 440.9202 | Title to collateral immaterial. |
| Section 440.9203 | Attachment and enforcement of security interest; proceeds; supporting obligations; formal requisites. |
| Section 440.9204 | After-acquired property; future advances. |
| Section 440.9205 | Use or disposition of collateral permissible. |
| Section 440.9206 | Security interest arising in purchase or delivery of financial asset. |
| 174-1962-9-2-2. | SUBPART 2. RIGHTS AND DUTIES (440.9207...440.9210) |
| Section 440.9207 | Rights and duties of secured party having possession or control of collateral. |
| Section 440.9208 | Additional duties of secured party having control of collateral. |
| Section 440.9209 | Duties of secured party if account debtor has been notified of assignment. |
| Section 440.9210 | Request for accounting; request regarding list of collateral or statement of account. |
| 174-1962-9-3 | PART 3 PERFECTION AND PRIORITY (440.9301...440.9342) |
| 174-1962-9-3-1. | SUBPART 1. LAW GOVERNING PERFECTION AND PRIORITY (440.9301...440.9307) |
| Section 440.9301 | Law governing perfection and priority of security interests. |
| Section 440.9302 | Law governing perfection and priority of agricultural liens. |
| Section 440.9303 | Law governing perfection and priority of security interests in goods covered by certificate of title. |
| Section 440.9304 | Law governing perfection and priority of security interests in deposit accounts. |
| Section 440.9305 | Law governing perfection and priority of security interests in investment property. |
| Section 440.9306 | Law governing perfection and priority of security interests in letter-of-credit rights. |
| Section 440.9307 | "Place of business" defined; location of debtor. |
| 174-1962-9-3-2. | SUBPART 2. PERFECTION (440.9308...440.9316) |
| Section 440.9308 | When security interest or agricultural lien is perfected; continuity of perfection. |
| Section 440.9309 | Security interest perfected upon attachment. |
| Section 440.9310 | When filing required to perfect security interest or agricultural lien; security interests and agricultural liens to which filing provisions do not apply. |
| Section 440.9311 | Perfection of security interests in property subject to certain statutes, regulations, and treaties. |
| Section 440.9312 | 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 transfer of possession. |
| Section 440.9313 | Possession by or delivery to secured party perfecting security interest without filing. |
| Section 440.9314 | Perfection by control. |
| Section 440.9315 | Secured party's rights on disposition of collateral and in proceeds. |
| Section 440.9316 | Continued perfection of security interest following change in governing law. |
| 174-1962-9-3-3. | SUBPART 3. PRIORITY (440.9317...440.9339) |
| Section 440.9317 | Interests that take priority over or take free of unperfected security interest or agricultural lien. |
| Section 440.9318 | 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. |
| Section 440.9319 | Rights and title of consignee with respect to creditors and purchasers. |
| Section 440.9320 | Buyer of goods. |
| Section 440.9321 | Licensee of general intangible and lessee of goods in ordinary course of business. |
| Section 440.9322 | Priorities among conflicting security interests in and agricultural liens on same collateral. |
| Section 440.9323 | Future advances. |
| Section 440.9324 | Priority of purchase-money security interests. |
| Section 440.9325 | Priority of security interests in transferred collateral. |
| Section 440.9326 | Priority of security interests created by new debtor. |
| Section 440.9327 | Priority of security interests in deposit account. |
| Section 440.9328 | Priority of security interests in investment property. |
| Section 440.9329 | Priority of security interests in letter-of-credit right. |
| Section 440.9330 | Priority of purchaser of chattel paper or instrument. |
| Section 440.9331 | 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. |
| Section 440.9332 | Transfer of money; transfer of funds from deposit account. |
| Section 440.9333 | Priority of certain liens arising by operation of law. |
| Section 440.9334 | Priority of security interests in fixtures and crops. |
| Section 440.9335 | Accessions. |
| Section 440.9336 | Commingled goods. |
| Section 440.9337 | Priority of security interests in goods covered by certificate of title. |
| Section 440.9338 | Priority of security interests or agricultural lien perfected by filed financing statement providing certain incorrect information. |
| Section 440.9339 | Priority subject to subordination. |
| 174-1962-9-3-4. | SUBPART 4. RIGHTS OF BANK (440.9340...440.9342) |
| Section 440.9340 | Effectiveness of right of recoupment or setoff against deposit account. |
| Section 440.9341 | Bank's rights and duties with respect to deposit account. |
| Section 440.9342 | Bank's right to refuse to enter into or disclose existence of control agreement. |
| 174-1962-9-4 | PART 4 RIGHTS OF THIRD PARTIES (440.9401...440.9410) |
| Section 440.9401 | Alienability of debtor's rights. |
| Section 440.9402 | Secured party not obligated on contract of debtor or in tort. |
| Section 440.9403 | Agreement not to assert defenses against assignee. |
| Section 440.9404 | Rights acquired by assignee; claims and defenses against assignee. |
| Section 440.9405 | Modification of assigned contract. |
| Section 440.9406 | 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. |
| Section 440.9407 | Restrictions on creation or enforcement of security interest in leasehold interest or in lessor's residual interest. |
| Section 440.9408 | Restrictions on assignment of promissory notes, health-care-insurance receivables, and certain general intangibles ineffective. |
| Section 440.9408a | Repealed. 2000, Act 348, Eff. July 1, 2001. |
| Section 440.9409 | Restrictions on assignment of letter-of-credit rights ineffective. |
| Section 440.9410 | Repealed. 2000, Act 348, Eff. July 1, 2001. |
| 174-1962-9-5 | PART 5 FILING (440.9501...440.9527) |
| 174-1962-9-5-1. | SUBPART 1. FILING OFFICE; CONTENTS AND EFFECTIVENESS OF FINANCING STATEMENT (440.9501...440.9518) |
| Section 440.9501 | Filing office. |
| Section 440.9501a | Fraudulent financing statement; affidavit; form; notice; termination of financing statement; filing fee; notice of termination; action to reinstate financing statement; court order; payment of costs and expenses; violation as felony; penalty; "regulated financial institution" defined. |
| Section 440.9502 | Contents of financing statement; record of mortgage as financing statement; time of filing financing statement. |
| Section 440.9503 | Name of debtor and secured party; "name of the settlor or testator" defined. |
| Section 440.9504 | Indication of collateral. |
| Section 440.9505 | Filing and compliance with other statutes and treaties for consignments, leases, other bailments, and other transactions. |
| Section 440.9506 | Effect of errors or omissions. |
| Section 440.9507 | Effect of certain events on effectiveness of financing statement. |
| Section 440.9508 | Effectiveness of financing statement if new debtor becomes bound by security agreement. |
| Section 440.9509 | Persons entitled to file a record. |
| Section 440.9510 | Effectiveness of filing record. |
| Section 440.9511 | Secured party of record. |
| Section 440.9512 | Amendment of financing statement. |
| Section 440.9513 | Termination statement. |
| Section 440.9514 | Assignment of powers of secured party of record. |
| Section 440.9515 | Duration and effectiveness of financing statement; effect of lapsed financing statement; continuation statement; termination. |
| Section 440.9516 | Filing; requirements; communication of record with tender of filing fee; effectiveness. |
| Section 440.9517 | Effect of indexing errors. |
| Section 440.9518 | Information statement concerning inaccurate or wrongfully filed record. |
| 174-1962-9-5-2. | SUBPART 2. DUTIES AND OPERATION OF FILING OFFICE (440.9519...440.9527) |
| Section 440.9519 | Numbering, maintaining, and indexing records; communicating information provided in records. |
| Section 440.9520 | Acceptance and refusal to accept record; wrongful filing; action to require secretary of state to accept record; personal liability; filing by regulated financial institution. |
| Section 440.9521 | Form and format of written initial financing statement and amendment. |
| Section 440.9522 | Maintenance and destruction of records. |
| Section 440.9523 | Request for acknowledgment of filing; duties of filing office; communication; medium; subscription; fee. |
| Section 440.9524 | Delay by filing office. |
| Section 440.9525 | Fee for filing and indexing record; other fees. |
| Section 440.9526 | Filing-office rules. |
| Section 440.9527 | Repealed. 2008, Act 383, Eff. Mar. 29, 2009. |
| 174-1962-9-6 | PART 6 DEFAULT (440.9601...440.9628) |
| 174-1962-9-6-1. | SUBPART 1. DEFAULT AND ENFORCEMENT OF SECURITY INTEREST (440.9601...440.9624) |
| Section 440.9601 | Rights after default; judicial enforcement; consignor or buyer of accounts, chattel paper, payment intangibles, or promissory notes. |
| Section 440.9602 | Waiver and variance of rights and duties. |
| Section 440.9603 | Agreement on standards concerning rights and duties. |
| Section 440.9604 | Procedure if security agreement covers real property or fixtures. |
| Section 440.9605 | Unknown debtor or secondary obligor. |
| Section 440.9606 | Time of default for agricultural lien. |
| Section 440.9607 | Collection and enforcement by secured party. |
| Section 440.9608 | Application of proceeds of collection or enforcement; liability for deficiency and right to surplus. |
| Section 440.9609 | Secured party's right to take possession after default. |
| Section 440.9610 | Disposition of collateral after default. |
| Section 440.9611 | Notification before disposition of collateral. |
| Section 440.9612 | Timeliness of notification before disposition of collateral. |
| Section 440.9613 | Contents and form of notification before disposition of collateral; generally. |
| Section 440.9614 | Contents and form of notification before disposition of collateral; consumer-goods transaction. |
| Section 440.9615 | Application of proceeds of disposition; liability for deficiency and right to surplus. |
| Section 440.9616 | Explanation of calculation of surplus or deficiency. |
| Section 440.9617 | Rights of transferee of collateral. |
| Section 440.9618 | Rights and duties of certain secondary obligors. |
| Section 440.9619 | Transfer of record or legal title. |
| Section 440.9620 | Acceptance of collateral in full or partial satisfaction of obligation; compulsory disposition of collateral. |
| Section 440.9621 | Notification of proposal to accept collateral. |
| Section 440.9622 | Effect of acceptance of collateral. |
| Section 440.9623 | Right to redeem collateral. |
| Section 440.9624 | Waiver. |
| 174-1962-9-6-2. | SUBPART 2. NONCOMPLIANCE WITH ARTICLE (440.9625...440.9628) |
| Section 440.9625 | Remedies for secured party's failure to comply with article. |
| Section 440.9626 | Action in which deficiency or surplus is in issue. |
| Section 440.9627 | Determination of whether conduct was commercially reasonable. |
| Section 440.9628 | Nonliability and limitation on liability of secured party; liability of secondary obligor. |
| 174-1962-9-7 | PART 7 TRANSITION (440.9701...440.9709) |
| Section 440.9701 | “This amendatory act” defined. |
| Section 440.9702 | Savings clause. |
| Section 440.9703 | Security interest perfected before effective date. |
| Section 440.9704 | Security interest unperfected before effective date. |
| Section 440.9705 | Effectiveness of action taken before effective date. |
| Section 440.9706 | When initial financing statement suffices to continue effectiveness of financing statement. |
| Section 440.9707 | Pre-effective-date financing statement. |
| Section 440.9708 | Persons entitled to file initial financing statement or continuation statement. |
| Section 440.9709 | Priority. |
| 174-1962-9-8 | PART 8 TRANSITION PROVISIONS FOR 2010 AMENDMENTS (440.9801...440.9809) |
| Section 440.9801 | Definitions. |
| Section 440.9802 | Applicability; scope. |
| Section 440.9803 | Perfected security interest before effective date of amendatory act. |
| Section 440.9804 | Unperfected security interest before effective date of amendatory act. |
| Section 440.9805 | Filing of financing statement or continuation statement before effective date of amendatory act. |
| Section 440.9806 | Continuation of effectiveness of pre-effective-date financing statement; filing of initial financing statement. |
| Section 440.9807 | Amending information in pre-effective-date financing statement; filing termination statement. |
| Section 440.9808 | Filing initial financing statement or continuation statement; conditions. |
| Section 440.9809 | Priority of conflicting claims to collateral; establishment before effective date of amendatory act. |
| 174-1962-9-EFFECTIVE-DATE-AND-REPEALER | PART EFFECTIVE DATE AND REPEALER (440.9991...440.9994) |
| Section 440.9991 | Effective date of act; application to future transactions. |
| Section 440.9992 | Repeal. |
| Section 440.9993 | Saving clause. |
| Section 440.9994 | Effect of Article 7. |