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2016 Minnesota Statutes

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CHAPTER 336. UNIFORM COMMERCIAL CODE

Table of Sections
Section Headnote
Article 1
GENERAL PROVISIONS
Part 1
GENERAL PROVISIONS
336.1-101 SHORT TITLES.
336.1-102 SCOPE OF ARTICLE.
336.1-103 CONSTRUCTION OF UNIFORM COMMERCIAL CODE TO PROMOTE ITS PURPOSES AND POLICIES; APPLICABILITY OF SUPPLEMENTAL PRINCIPLES OF LAW.
336.1-104 CONSTRUCTION AGAINST IMPLIED REPEAL.
336.1-105 SEVERABILITY.
336.1-106 USE OF SINGULAR AND PLURAL; GENDER.
336.1-107 SECTION CAPTIONS.
336.1-108 RELATION TO ELECTRONIC SIGNATURES IN GLOBAL AND NATIONAL COMMERCE ACT.
336.1-109 [Repealed, 2004 c 162 art 1 s 26]
336.1-110 UNIFORM COMMERCIAL CODE ACCOUNT.
Part 2
GENERAL DEFINITIONS AND PRINCIPLES
OF INTERPRETATION
336.1-201 GENERAL DEFINITIONS.
336.1-202 NOTICE; KNOWLEDGE.
336.1-203 LEASE DISTINGUISHED FROM SECURITY INTEREST.
336.1-204 VALUE.
336.1-205 REASONABLE TIME; SEASONABLENESS.
336.1-206 PRESUMPTIONS.
336.1-207 [Repealed, 2004 c 162 art 1 s 26]
336.1-208 [Repealed, 2004 c 162 art 1 s 26]
336.1-209 [Repealed, 2004 c 162 art 1 s 26]
Part 3
TERRITORIAL APPLICABILITY AND GENERAL RULES
336.1-301 TERRITORIAL APPLICABILITY; PARTIES' POWER TO CHOOSE APPLICABLE LAW.
336.1-302 VARIATION BY AGREEMENT.
336.1-303 COURSE OF PERFORMANCE, COURSE OF DEALING, AND USAGE OF TRADE.
336.1-304 OBLIGATION OF GOOD FAITH.
336.1-305 REMEDIES TO BE LIBERALLY ADMINISTERED.
336.1-306 WAIVER OR RENUNCIATION OF CLAIM OR RIGHT AFTER BREACH.
336.1-307 PRIMA FACIE EVIDENCE BY THIRD-PARTY DOCUMENTS.
336.1-308 PERFORMANCE OR ACCEPTANCE UNDER RESERVATION OF RIGHTS.
336.1-309 OPTION TO ACCELERATE AT WILL.
336.1-310 SUBORDINATED OBLIGATIONS.
Article 2
SALES
Part 1
SHORT TITLE, GENERAL CONSTRUCTION AND SUBJECT MATTER
336.2-101 SHORT TITLE.
336.2-102 SCOPE; CERTAIN SECURITY AND OTHER TRANSACTIONS EXCLUDED FROM THIS ARTICLE.
336.2-103 DEFINITIONS AND INDEX OF DEFINITIONS.
336.2-104 DEFINITIONS: "MERCHANT"; "BETWEEN MERCHANTS"; "FINANCING AGENCY."
336.2-105 DEFINITIONS: TRANSFERABILITY; "GOODS"; "FUTURE" GOODS; "LOT"; "COMMERCIAL UNIT."
336.2-106 DEFINITIONS: "CONTRACT"; "AGREEMENT"; "CONTRACT FOR SALE"; "SALE"; "PRESENT SALE"; "CONFORMING TO CONTRACT"; "TERMINATION"; "CANCELLATION."
336.2-107 GOODS TO BE SEVERED FROM REALTY; RECORDING.
Part 2
FORM, FORMATION AND READJUSTMENT
OF CONTRACT
336.2-201 FORMAL REQUIREMENTS; STATUTE OF FRAUDS.
336.2-202 FINAL WRITTEN EXPRESSION; PAROL OR EXTRINSIC EVIDENCE.
336.2-203 SEALS INOPERATIVE.
336.2-204 FORMATION IN GENERAL.
336.2-205 FIRM OFFERS.
336.2-206 OFFER AND ACCEPTANCE IN FORMATION OF CONTRACT.
336.2-207 ADDITIONAL TERMS IN ACCEPTANCE OR CONFIRMATION.
336.2-208 [Repealed, 2004 c 162 art 2 s 17]
336.2-209 MODIFICATION, RESCISSION AND WAIVER.
336.2-210 DELEGATION OF PERFORMANCE; ASSIGNMENT OF RIGHTS.
Part 3
GENERAL OBLIGATION AND
CONSTRUCTION OF CONTRACT
336.2-301 GENERAL OBLIGATIONS OF PARTIES.
336.2-302 UNCONSCIONABLE CONTRACT OR CLAUSE.
336.2-303 ALLOCATION OR DIVISION OF RISKS.
336.2-304 PRICE PAYABLE IN MONEY, GOODS, REALTY, OR OTHERWISE.
336.2-305 OPEN PRICE TERM.
336.2-306 OUTPUT, REQUIREMENTS AND EXCLUSIVE DEALINGS.
336.2-307 DELIVERY IN SINGLE LOT OR SEVERAL LOTS.
336.2-308 ABSENCE OF SPECIFIED PLACE FOR DELIVERY.
336.2-309 ABSENCE OF SPECIFIC TIME PROVISIONS; NOTICE OF TERMINATION.
336.2-310 OPEN TIME FOR PAYMENT OR RUNNING OF CREDIT; AUTHORITY TO SHIP UNDER RESERVATION.
336.2-311 OPTIONS AND COOPERATION RESPECTING PERFORMANCE.
336.2-312 WARRANTY OF TITLE AND AGAINST INFRINGEMENT; BUYER'S OBLIGATION AGAINST INFRINGEMENT.
336.2-313 EXPRESS WARRANTIES BY AFFIRMATION, PROMISE, DESCRIPTION, SAMPLE.
336.2-314 IMPLIED WARRANTY; MERCHANTABILITY; USAGE OF TRADE.
336.2-315 IMPLIED WARRANTY; FITNESS FOR PARTICULAR PURPOSE.
336.2-316 EXCLUSION OR MODIFICATION OF WARRANTIES.
336.2-317 CUMULATION AND CONFLICT OF WARRANTIES EXPRESS OR IMPLIED.
336.2-318 THIRD-PARTY BENEFICIARIES OF WARRANTIES EXPRESS OR IMPLIED.
336.2-319 F.O.B. AND F.A.S. TERMS.
336.2-320 C.I.F. AND C.& F. TERMS.
336.2-321 C.I.F. OR C.& F.: "NET LANDED WEIGHTS"; "PAYMENT ON ARRIVAL"; WARRANTY OF CONDITION ON ARRIVAL.
336.2-322 DELIVERY "EX-SHIP."
336.2-323 FORM OF BILL OF LADING REQUIRED IN OVERSEAS SHIPMENT; "OVERSEAS."
336.2-324 "NO ARRIVAL, NO SALE" TERM.
336.2-325 "LETTER OF CREDIT" TERM; "CONFIRMED CREDIT."
336.2-326 SALE ON APPROVAL AND SALE OR RETURN; RIGHTS OF CREDITORS.
336.2-327 SPECIAL INCIDENTS OF SALE ON APPROVAL AND SALE OR RETURN.
336.2-328 SALE BY AUCTION.
Part 4
TITLE, CREDITORS AND GOOD
FAITH PURCHASERS
336.2-401 PASSING OF TITLE; RESERVATION FOR SECURITY; LIMITED APPLICATION OF THIS SECTION.
336.2-402 RIGHTS OF SELLER'S CREDITORS AGAINST SOLD GOODS.
336.2-403 POWER TO TRANSFER; GOOD FAITH PURCHASE OF GOODS; "ENTRUSTING."
Part 5
PERFORMANCE
336.2-501 INSURABLE INTEREST IN GOODS; MANNER OF IDENTIFICATION OF GOODS.
336.2-502 BUYER'S RIGHT TO GOODS ON SELLER'S REPUDIATION, FAILURE TO DELIVER, OR INSOLVENCY.
336.2-503 MANNER OF SELLER'S TENDER OF DELIVERY.
336.2-504 SHIPMENT BY SELLER.
336.2-505 SELLER'S SHIPMENT UNDER RESERVATION.
336.2-506 RIGHTS OF FINANCING AGENCY.
336.2-507 EFFECT OF SELLER'S TENDER; DELIVERY ON CONDITION.
336.2-508 CURE BY SELLER OF IMPROPER TENDER OR DELIVERY; REPLACEMENT.
336.2-509 RISK OF LOSS IN THE ABSENCE OF BREACH.
336.2-510 EFFECT OF BREACH ON RISK OF LOSS.
336.2-511 TENDER OF PAYMENT BY BUYER; PAYMENT BY CHECK.
336.2-512 PAYMENT BY BUYER BEFORE INSPECTION.
336.2-513 BUYER'S RIGHT TO INSPECTION OF GOODS.
336.2-514 WHEN DOCUMENTS DELIVERABLE ON ACCEPTANCE; WHEN ON PAYMENT.
336.2-515 PRESERVING EVIDENCE OF GOODS IN DISPUTE.
Part 6
BREACH, REPUDIATION AND EXCUSE
336.2-601 BUYER'S RIGHTS ON IMPROPER DELIVERY.
336.2-602 MANNER AND EFFECT OF RIGHTFUL REJECTION.
336.2-603 MERCHANT BUYER'S DUTIES AS TO RIGHTFULLY REJECTED GOODS.
336.2-604 BUYER'S OPTIONS AS TO SALVAGE OF RIGHTFULLY REJECTED GOODS.
336.2-605 WAIVER OF BUYER'S OBJECTIONS BY FAILURE TO PARTICULARIZE.
336.2-606 WHAT CONSTITUTES ACCEPTANCE OF GOODS.
336.2-607 EFFECT OF ACCEPTANCE; NOTICE OF BREACH; BURDEN OF ESTABLISHING BREACH AFTER ACCEPTANCE; NOTICE OF CLAIM OR LITIGATION TO PERSON ANSWERABLE OVER.
336.2-608 REVOCATION OF ACCEPTANCE IN WHOLE OR IN PART.
336.2-609 RIGHT TO ADEQUATE ASSURANCE OF PERFORMANCE.
336.2-610 ANTICIPATORY REPUDIATION.
336.2-611 RETRACTION OF ANTICIPATORY REPUDIATION.
336.2-612 "INSTALLMENT CONTRACT"; BREACH.
336.2-613 CASUALTY TO IDENTIFIED GOODS.
336.2-614 SUBSTITUTED PERFORMANCE.
336.2-615 EXCUSE BY FAILURE OF PRESUPPOSED CONDITIONS.
336.2-616 PROCEDURE ON NOTICE CLAIMING EXCUSE.
Part 7
REMEDIES
336.2-701 REMEDIES FOR BREACH OF COLLATERAL CONTRACTS NOT IMPAIRED.
336.2-702 SELLER'S REMEDIES ON DISCOVERY OF BUYER'S INSOLVENCY.
336.2-703 SELLER'S REMEDIES IN GENERAL.
336.2-704 SELLER'S RIGHT TO IDENTIFY GOODS TO THE CONTRACT NOTWITHSTANDING BREACH OR TO SALVAGE UNFINISHED GOODS.
336.2-705 SELLER'S STOPPAGE OF DELIVERY IN TRANSIT OR OTHERWISE.
336.2-706 SELLER'S RESALE INCLUDING CONTRACT FOR RESALE.
336.2-707 "PERSON IN THE POSITION OF A SELLER."
336.2-708 SELLER'S DAMAGES FOR NONACCEPTANCE OR REPUDIATION.
336.2-709 ACTION FOR THE PRICE.
336.2-710 SELLER'S INCIDENTAL DAMAGES.
336.2-711 BUYER'S REMEDIES IN GENERAL; BUYER'S SECURITY INTEREST IN REJECTED GOODS.
336.2-712 "COVER"; BUYER'S PROCUREMENT OF SUBSTITUTE GOODS.
336.2-713 BUYER'S DAMAGES FOR NONDELIVERY OR REPUDIATION.
336.2-714 BUYER'S DAMAGES FOR BREACH IN REGARD TO ACCEPTED GOODS.
336.2-715 BUYER'S INCIDENTAL AND CONSEQUENTIAL DAMAGES.
336.2-716 BUYER'S RIGHT TO SPECIFIC PERFORMANCE OR REPLEVIN.
336.2-717 DEDUCTION OF DAMAGES FROM THE PRICE.
336.2-718 LIQUIDATION OR LIMITATION OF DAMAGES; DEPOSITS.
336.2-719 CONTRACTUAL MODIFICATION OR LIMITATION OF REMEDY.
336.2-720 EFFECT OF "CANCELLATION" OR "RESCISSION" ON CLAIMS FOR ANTECEDENT BREACH.
336.2-721 REMEDIES FOR FRAUD.
336.2-722 WHO CAN SUE THIRD PARTIES FOR INJURY TO GOODS.
336.2-723 PROOF OF MARKET PRICE; TIME AND PLACE.
336.2-724 ADMISSIBILITY OF MARKET QUOTATIONS.
336.2-725 STATUTE OF LIMITATIONS IN CONTRACTS FOR SALE.
ARTICLE 2A - LEASES
PART 1. GENERAL PROVISIONS
336.2A-101 SHORT TITLE.
336.2A-102 SCOPE.
336.2A-103 DEFINITIONS AND INDEX OF DEFINITIONS.
336.2A-104 LEASES SUBJECT TO OTHER STATUTES.
336.2A-105 TERRITORIAL APPLICATION OF ARTICLE TO GOODS COVERED BY CERTIFICATE OF TITLE.
336.2A-106 LIMITATION ON POWER OF PARTIES TO CONSUMER LEASE TO CHOOSE APPLICABLE LAW AND JUDICIAL FORUM.
336.2A-107 WAIVER OR RENUNCIATION OF CLAIM OR RIGHT AFTER DEFAULT.
336.2A-108 UNCONSCIONABILITY.
336.2A-109 OPTION TO ACCELERATE AT WILL.
PART 2. FORMATION AND CONSTRUCTION OF LEASE CONTRACT
336.2A-201 STATUTE OF FRAUDS.
336.2A-202 FINAL WRITTEN EXPRESSION; PAROL OR EXTRINSIC EVIDENCE.
336.2A-203 SEALS INOPERATIVE.
336.2A-204 FORMATION IN GENERAL.
336.2A-205 FIRM OFFERS.
336.2A-206 OFFER AND ACCEPTANCE IN FORMATION OF LEASE CONTRACT.
336.2A-207 [Repealed, 2004 c 162 art 2 s 17]
336.2A-208 MODIFICATION, RESCISSION AND WAIVER.
336.2A-209 LESSEE UNDER FINANCE LEASE AS BENEFICIARY OF SUPPLY CONTRACT.
336.2A-210 EXPRESS WARRANTIES.
336.2A-211 WARRANTIES AGAINST INTERFERENCE AND AGAINST INFRINGEMENT; LESSEE'S OBLIGATION AGAINST INFRINGEMENT.
336.2A-212 IMPLIED WARRANTY OF MERCHANTABILITY.
336.2A-213 IMPLIED WARRANTY OF FITNESS FOR PARTICULAR PURPOSE.
336.2A-214 EXCLUSION OR MODIFICATION OF WARRANTIES.
336.2A-215 CUMULATION AND CONFLICT OF WARRANTIES EXPRESS OR IMPLIED.
336.2A-216 THIRD-PARTY BENEFICIARIES OF EXPRESS AND IMPLIED WARRANTIES.
336.2A-217 IDENTIFICATION.
336.2A-218 INSURANCE AND PROCEEDS.
336.2A-219 RISK OF LOSS.
336.2A-220 EFFECT OF DEFAULT ON RISK OF LOSS.
336.2A-221 CASUALTY TO IDENTIFIED GOODS.
PART 3. EFFECT OF LEASE CONTRACT
336.2A-301 ENFORCEABILITY OF LEASE CONTRACT.
336.2A-302 TITLE TO AND POSSESSION OF GOODS.
336.2A-303 ALIENABILITY OF PARTY'S INTEREST UNDER LEASE CONTRACT OR OF LESSOR'S RESIDUAL INTEREST IN GOODS; DELEGATION OF PERFORMANCE; TRANSFER OF RIGHTS.
336.2A-304 SUBSEQUENT LEASE OF GOODS BY LESSOR.
336.2A-305 SALE OR SUBLEASE OF GOODS BY LESSEE.
336.2A-306 PRIORITY OF CERTAIN LIENS ARISING BY OPERATION OF LAW.
336.2A-307 PRIORITY OF LIENS ARISING BY ATTACHMENT OR LEVY ON, SECURITY INTERESTS IN, AND OTHER CLAIMS TO GOODS.
336.2A-308 SPECIAL RIGHTS OF CREDITORS.
336.2A-309 LESSOR'S AND LESSEE'S RIGHTS WHEN GOODS BECOME FIXTURES.
336.2A-310 LESSOR'S AND LESSEE'S RIGHTS WHEN GOODS BECOME ACCESSIONS.
336.2A-311 PRIORITY SUBJECT TO SUBORDINATION.
PART 4. PERFORMANCE OF LEASED CONTRACT:
REPUDIATED, SUBSTITUTED, AND EXCUSED
336.2A-401 INSECURITY; ADEQUATE ASSURANCE OF PERFORMANCE.
336.2A-402 ANTICIPATORY REPUDIATION.
336.2A-403 RETRACTION OF ANTICIPATORY REPUDIATION.
336.2A-404 SUBSTITUTED PERFORMANCE.
336.2A-405 EXCUSED PERFORMANCE.
336.2A-406 PROCEDURE ON EXCUSED PERFORMANCE.
336.2A-407 IRREVOCABLE PROMISES; FINANCE LEASES.
PART 5. DEFAULT
A. IN GENERAL
336.2A-501 DEFAULT; PROCEDURE.
336.2A-502 NOTICE AFTER DEFAULT.
336.2A-503 MODIFICATION OR IMPAIRMENT OF RIGHTS AND REMEDIES.
336.2A-504 LIQUIDATION OF DAMAGES.
336.2A-505 CANCELLATION AND TERMINATION AND EFFECT OF CANCELLATION, TERMINATION, RESCISSION, OR FRAUD ON RIGHTS AND REMEDIES.
336.2A-506 STATUTE OF LIMITATIONS.
336.2A-507 PROOF OF MARKET RENT; TIME AND PLACE.
B. DEFAULT BY LESSOR
336.2A-508 LESSEE'S REMEDIES.
336.2A-509 LESSEE'S RIGHTS ON IMPROPER DELIVERY; RIGHTFUL REJECTION.
336.2A-510 INSTALLMENT LEASE CONTRACTS; REJECTION AND DEFAULT.
336.2A-511 MERCHANT LESSEE'S DUTIES AS TO RIGHTFULLY REJECTED GOODS.
336.2A-512 LESSEE'S DUTIES AS TO RIGHTFULLY REJECTED GOODS.
336.2A-513 CURE BY LESSOR OF IMPROPER TENDER OR DELIVERY; REPLACEMENT.
336.2A-514 WAIVER OF LESSEE'S OBJECTIONS.
336.2A-515 ACCEPTANCE OF GOODS.
336.2A-516 EFFECT OF ACCEPTANCE OF GOODS; NOTICE OF DEFAULT; BURDEN OF ESTABLISHING DEFAULT AFTER ACCEPTANCE; NOTICE OF CLAIM OR LITIGATION TO PERSON ANSWERABLE OVER.
336.2A-517 REVOCATION OF ACCEPTANCE OF GOODS.
336.2A-518 COVER; SUBSTITUTE GOODS.
336.2A-519 LESSEE'S DAMAGES FOR NONDELIVERY, REPUDIATION, DEFAULT, AND BREACH OF WARRANTY IN REGARD TO ACCEPTED GOODS.
336.2A-520 LESSEE'S INCIDENTAL AND CONSEQUENTIAL DAMAGES.
336.2A-521 LESSEE'S RIGHT TO SPECIFIC PERFORMANCE OR REPLEVIN.
336.2A-522 LESSEE'S RIGHT TO GOODS ON LESSOR'S INSOLVENCY.
C. DEFAULT BY LESSEE
336.2A-523 LESSOR'S REMEDIES.
336.2A-524 LESSOR'S RIGHT TO IDENTIFY GOODS TO LEASE CONTRACT.
336.2A-525 LESSOR'S RIGHT TO POSSESSION OF GOODS.
336.2A-526 LESSOR'S STOPPAGE OF DELIVERY IN TRANSIT OR OTHERWISE.
336.2A-527 LESSOR'S RIGHTS TO DISPOSE OF GOODS.
336.2A-528 LESSOR'S DAMAGES FOR NONACCEPTANCE, FAILURE TO PAY, REPUDIATION, OR OTHER DEFAULT.
336.2A-529 LESSOR'S ACTION FOR THE RENT.
336.2A-530 LESSOR'S INCIDENTAL DAMAGES.
336.2A-531 STANDING TO SUE THIRD PARTIES FOR INJURY TO GOODS.
Article 3
NEGOTIABLE INSTRUMENTS
Part 1
GENERAL PROVISIONS AND DEFINITIONS
336.3-101 SHORT TITLE.
336.3-102 SUBJECT MATTER.
336.3-103 DEFINITIONS.
336.3-104 NEGOTIABLE INSTRUMENT.
336.3-105 ISSUE OF INSTRUMENT.
336.3-106 UNCONDITIONAL PROMISE OR ORDER.
336.3-107 INSTRUMENT PAYABLE IN FOREIGN MONEY.
336.3-108 PAYABLE ON DEMAND OR AT DEFINITE TIME.
336.3-109 PAYABLE TO BEARER OR TO ORDER.
336.3-110 IDENTIFICATION OF PERSON TO WHOM INSTRUMENT IS PAYABLE.
336.3-111 PLACE OF PAYMENT.
336.3-112 INTEREST.
336.3-113 DATE OF INSTRUMENT.
336.3-114 CONTRADICTORY TERMS OF INSTRUMENT.
336.3-115 INCOMPLETE INSTRUMENT.
336.3-116 JOINT AND SEVERAL LIABILITY; CONTRIBUTION.
336.3-117 OTHER AGREEMENTS AFFECTING INSTRUMENT.
336.3-118 STATUTE OF LIMITATIONS.
336.3-119 NOTICE OF RIGHT TO DEFEND ACTION.
336.3-120 [Repealed, 1992 c 565 s 114]
336.3-121 [Repealed, 1992 c 565 s 114]
336.3-122 [Repealed, 1992 c 565 s 114]
Part 2
NEGOTIATION, TRANSFER, AND ENDORSEMENT
336.3-201 NEGOTIATION.
336.3-202 NEGOTIATION SUBJECT TO RESCISSION.
336.3-203 TRANSFER OF INSTRUMENT; RIGHTS ACQUIRED BY TRANSFER.
336.3-204 ENDORSEMENT.
336.3-205 SPECIAL ENDORSEMENT; BLANK ENDORSEMENT; ANOMALOUS ENDORSEMENT.
336.3-206 RESTRICTIVE ENDORSEMENT.
336.3-207 REACQUISITION.
336.3-208 [Repealed, 1992 c 565 s 114]
Part 3
ENFORCEMENT OF INSTRUMENTS
336.3-301 PERSON ENTITLED TO ENFORCE INSTRUMENT.
336.3-302 HOLDER IN DUE COURSE.
336.3-303 VALUE AND CONSIDERATION.
336.3-304 OVERDUE INSTRUMENT.
336.3-305 DEFENSES AND CLAIMS IN RECOUPMENT.
336.3-306 CLAIMS TO AN INSTRUMENT.
336.3-307 NOTICE OF BREACH OF FIDUCIARY DUTY.
336.3-308 PROOF OF SIGNATURES AND STATUS AS HOLDER IN DUE COURSE.
336.3-309 ENFORCEMENT OF LOST, DESTROYED, OR STOLEN INSTRUMENT.
336.3-310 EFFECT OF INSTRUMENT ON OBLIGATION FOR WHICH TAKEN.
336.3-311 ACCORD AND SATISFACTION BY USE OF INSTRUMENT.
336.3-312 LOST, DESTROYED, OR STOLEN CASHIER'S CHECK, TELLER'S CHECK, OR CERTIFIED CHECK.
Part 4
LIABILITY OF PARTIES
336.3-401 SIGNATURE.
336.3-402 SIGNATURE BY REPRESENTATIVE.
336.3-403 UNAUTHORIZED SIGNATURE.
336.3-404 IMPOSTORS; FICTITIOUS PAYEES.
336.3-405 EMPLOYER'S RESPONSIBILITY FOR FRAUDULENT ENDORSEMENT BY EMPLOYEE.
336.3-406 NEGLIGENCE CONTRIBUTING TO FORGED SIGNATURE OR ALTERATION OF INSTRUMENT.
336.3-407 ALTERATION.
336.3-408 DRAWEE NOT LIABLE ON UNACCEPTED DRAFT.
336.3-409 ACCEPTANCE OF DRAFT; CERTIFIED CHECK.
336.3-410 ACCEPTANCE VARYING DRAFT.
336.3-411 REFUSAL TO PAY CASHIER'S CHECKS, TELLER'S CHECKS, AND CERTIFIED CHECKS.
336.3-412 OBLIGATION OF ISSUER OF NOTE OR CASHIER'S CHECK.
336.3-413 OBLIGATION OF ACCEPTOR.
336.3-414 OBLIGATION OF DRAWER.
336.3-415 OBLIGATION OF ENDORSER.
336.3-416 TRANSFER WARRANTIES.
336.3-417 PRESENTMENT WARRANTIES.
336.3-418 PAYMENT OR ACCEPTANCE BY MISTAKE.
336.3-419 INSTRUMENTS SIGNED FOR ACCOMMODATION.
336.3-420 CONVERSION OF INSTRUMENT.
Part 5
DISHONOR
336.3-501 PRESENTMENT.
336.3-502 DISHONOR.
336.3-503 NOTICE OF DISHONOR.
336.3-504 EXCUSED PRESENTMENT AND NOTICE OF DISHONOR.
336.3-505 EVIDENCE OF DISHONOR.
336.3-506 [Repealed, 1992 c 565 s 114]
336.3-507 [Repealed, 1992 c 565 s 114]
336.3-508 [Repealed, 1992 c 565 s 114]
336.3-509 [Repealed, 1992 c 565 s 114]
336.3-510 [Repealed, 1992 c 565 s 114]
336.3-511 [Repealed, 1992 c 565 s 114]
Part 6
DISCHARGE AND PAYMENT
336.3-601 DISCHARGE AND EFFECT OF DISCHARGE.
336.3-602 PAYMENT.
336.3-603 TENDER OF PAYMENT.
336.3-604 DISCHARGE BY CANCELLATION OR RENUNCIATION.
336.3-605 DISCHARGE OF SECONDARY OBLIGORS.
336.3-606 [Repealed, 1992 c 565 s 114]
Part 7
ADVICE OF INTERNATIONAL
SIGHT DRAFT
336.3-701 [Repealed, 1992 c 565 s 114]
Part 8
MISCELLANEOUS
336.3-801 [Repealed, 1992 c 565 s 114]
336.3-802 [Repealed, 1992 c 565 s 114]
336.3-803 [Repealed, 1992 c 565 s 114]
336.3-804 [Repealed, 1992 c 565 s 114]
336.3-805 [Repealed, 1992 c 565 s 114]
Article 4
BANK DEPOSITS AND COLLECTIONS
Part 1
GENERAL PROVISIONS AND DEFINITIONS
336.4-101 SHORT TITLE.
336.4-102 APPLICABILITY.
336.4-103 VARIATION BY AGREEMENT; MEASURE OF DAMAGES; ACTION CONSTITUTING ORDINARY CARE.
336.4-104 DEFINITIONS AND INDEX OF DEFINITIONS.
336.4-105 "BANK"; "DEPOSITARY BANK"; "INTERMEDIARY BANK"; "COLLECTING BANK"; "PAYOR BANK"; "PRESENTING BANK".
336.4-106 PAYABLE THROUGH OR PAYABLE AT BANK; COLLECTING BANK.
336.4-107 SEPARATE OFFICE OF BANK.
336.4-108 TIME OF RECEIPT OF ITEMS.
336.4-109 DELAYS.
336.4-110 ELECTRONIC PRESENTMENT.
336.4-111 STATUTE OF LIMITATIONS.
Part 2
COLLECTION OF ITEMS: DEPOSITARY AND
COLLECTING BANKS
336.4-201 STATUS OF COLLECTING BANK AS AGENT AND PROVISIONAL STATUS OF CREDITS; APPLICABILITY OF ARTICLE; ITEM ENDORSED "PAY ANY BANK".
336.4-202 RESPONSIBILITY FOR COLLECTION OR RETURN; WHEN ACTION TIMELY.
336.4-203 EFFECT OF INSTRUCTIONS.
336.4-204 METHODS OF SENDING AND PRESENTING; SENDING DIRECTLY TO PAYOR BANK.
336.4-205 DEPOSITARY BANK HOLDER OF UNENDORSED ITEM.
336.4-206 TRANSFER BETWEEN BANKS.
336.4-207 TRANSFER WARRANTIES.
336.4-208 PRESENTMENT WARRANTIES.
336.4-209 ENCODING AND RETENTION WARRANTIES.
336.4-210 SECURITY INTEREST OF COLLECTING BANK IN ITEMS, ACCOMPANYING DOCUMENTS, AND PROCEEDS.
336.4-211 WHEN BANK GIVES VALUE FOR PURPOSES OF HOLDER IN DUE COURSE.
336.4-212 PRESENTMENT BY NOTICE OF ITEM NOT PAYABLE BY, THROUGH, OR AT BANK; LIABILITY OF DRAWER OR ENDORSER.
336.4-213 MEDIUM AND TIME OF SETTLEMENT BY BANK.
336.4-214 RIGHT OF CHARGEBACK OR REFUND; LIABILITY OF COLLECTING BANK; RETURN OF ITEM.
336.4-215 FINAL PAYMENT OF ITEM BY PAYOR BANK; WHEN PROVISIONAL DEBITS AND CREDITS BECOME FINAL; WHEN CERTAIN CREDITS BECOME AVAILABLE FOR WITHDRAWAL.
336.4-216 INSOLVENCY AND PREFERENCE.
Part 3
COLLECTION OF ITEMS: PAYOR BANKS
336.4-301 DEFERRED POSTING; RECOVERY OF PAYMENT BY RETURN OF ITEMS; TIME OF DISHONOR; RETURN OF ITEMS BY PAYOR BANK.
336.4-302 PAYOR BANK'S RESPONSIBILITY FOR LATE RETURN OF ITEM.
336.4-303 WHEN ITEMS SUBJECT TO NOTICE, STOP-PAYMENT ORDER, LEGAL PROCESS, OR SETOFF; ORDER IN WHICH ITEMS MAY BE CHARGED OR CERTIFIED.
Part 4
RELATIONSHIP BETWEEN PAYOR BANK
AND ITS CUSTOMER
336.4-401 WHEN BANK MAY CHARGE CUSTOMER'S ACCOUNT.
336.4-402 BANK'S LIABILITY TO CUSTOMER FOR WRONGFUL DISHONOR; TIME OF DETERMINING INSUFFICIENCY OF ACCOUNT.
336.4-403 CUSTOMER'S RIGHT TO STOP PAYMENT; BURDEN OF PROOF OF LOSS.
336.4-404 BANK NOT OBLIGED TO PAY CHECK MORE THAN SIX MONTHS OLD.
336.4-405 DEATH OR INCOMPETENCE OF CUSTOMER.
336.4-406 CUSTOMER'S DUTY TO DISCOVER AND REPORT UNAUTHORIZED SIGNATURE OR ALTERATION.
336.4-407 PAYOR BANK'S RIGHT TO SUBROGATION ON IMPROPER PAYMENT.
Part 5
COLLECTION OF DOCUMENTARY DRAFTS
336.4-501 HANDLING OF DOCUMENTARY DRAFTS; DUTY TO SEND FOR PRESENTMENT AND TO NOTIFY CUSTOMER OF DISHONOR.
336.4-502 PRESENTMENT OF "ON ARRIVAL" DRAFTS.
336.4-503 RESPONSIBILITY OF PRESENTING BANK FOR DOCUMENTS AND GOODS; REPORT OF REASONS FOR DISHONOR; REFEREE IN CASE OF NEED.
336.4-504 PRIVILEGE OF PRESENTING BANK TO DEAL WITH GOODS; SECURITY INTEREST FOR EXPENSES.
Article 4A
FUND TRANSFERS
Part 1
SUBJECT MATTER AND DEFINITIONS
336.4A-101 SHORT TITLE.
336.4A-102 SUBJECT MATTER.
336.4A-103 PAYMENT ORDER-DEFINITIONS.
336.4A-104 FUNDS TRANSFER-DEFINITIONS.
336.4A-105 OTHER DEFINITIONS.
336.4A-106 TIME PAYMENT ORDER IS RECEIVED.
336.4A-107 FEDERAL RESERVE REGULATIONS AND OPERATING CIRCULARS.
336.4A-108 RELATIONSHIP TO ELECTRONIC FUND TRANSFER ACT.
Part 2
ISSUANCE AND ACCEPTANCE
OF PAYMENT ORDER
336.4A-201 SECURITY PROCEDURE.
336.4A-202 AUTHORIZED AND VERIFIED PAYMENT ORDERS.
336.4A-203 UNENFORCEABILITY OF CERTAIN VERIFIED PAYMENT ORDERS.
336.4A-204 REFUND OF PAYMENT AND DUTY OF CUSTOMER TO REPORT WITH RESPECT TO UNAUTHORIZED PAYMENT ORDER.
336.4A-205 ERRONEOUS PAYMENT ORDERS.
336.4A-206 TRANSMISSION OF PAYMENT ORDER THROUGH FUNDS-TRANSFER OR OTHER COMMUNICATION SYSTEM.
336.4A-207 MISDESCRIPTION OF BENEFICIARY.
336.4A-208 MISDESCRIPTION OF INTERMEDIARY BANK OR BENEFICIARY'S BANK.
336.4A-209 ACCEPTANCE OF PAYMENT ORDER.
336.4A-210 REJECTION OF PAYMENT ORDER.
336.4A-211 CANCELLATION AND AMENDMENT OF PAYMENT ORDER.
336.4A-212 LIABILITY AND DUTY OF RECEIVING BANK REGARDING UNACCEPTED PAYMENT ORDER.
Part 3
EXECUTION OF SENDER'S PAYMENT
ORDER BY RECEIVING BANK
336.4A-301 EXECUTION AND EXECUTION DATE.
336.4A-302 OBLIGATIONS OF RECEIVING BANK IN EXECUTION OF PAYMENT ORDER.
336.4A-303 ERRONEOUS EXECUTION OF PAYMENT ORDER.
336.4A-304 DUTY OF SENDER TO REPORT ERRONEOUSLY EXECUTED PAYMENT ORDER.
336.4A-305 LIABILITY FOR LATE OR IMPROPER EXECUTION OR FAILURE TO EXECUTE PAYMENT ORDER.
Part 4
PAYMENT
336.4A-401 PAYMENT DATE.
336.4A-402 OBLIGATION OF SENDER TO PAY RECEIVING BANK.
336.4A-403 PAYMENT BY SENDER TO RECEIVING BANK.
336.4A-404 OBLIGATION OF BENEFICIARY'S BANK TO PAY AND GIVE NOTICE TO BENEFICIARY.
336.4A-405 PAYMENT BY BENEFICIARY'S BANK TO BENEFICIARY.
336.4A-406 PAYMENT BY ORIGINATOR TO BENEFICIARY; DISCHARGE OF UNDERLYING OBLIGATION.
Part 5
MISCELLANEOUS PROVISIONS
336.4A-501 VARIATION BY AGREEMENT AND EFFECT OF FUNDS-TRANSFER SYSTEM RULE.
336.4A-502 CREDITOR PROCESS SERVED ON RECEIVING BANK; SETOFF BY BENEFICIARY'S BANK.
336.4A-503 INJUNCTION OR RESTRAINING ORDER WITH RESPECT TO FUNDS TRANSFER.
336.4A-504 ORDER IN WHICH ITEMS AND PAYMENT ORDERS MAY BE CHARGED TO ACCOUNT; ORDER OF WITHDRAWALS FROM ACCOUNT.
336.4A-505 PRECLUSION OF OBJECTION TO DEBIT OF CUSTOMER'S ACCOUNT.
336.4A-506 RATE OF INTEREST.
336.4A-507 CHOICE OF LAW.
Article 5
LETTERS OF CREDIT
336.5-101 SHORT TITLE.
336.5-102 DEFINITIONS.
336.5-103 SCOPE.
336.5-104 FORMAL REQUIREMENTS.
336.5-105 CONSIDERATION.
336.5-106 ISSUANCE, AMENDMENT, CANCELLATION, AND DURATION.
336.5-107 CONFIRMER, NOMINATED PERSON, AND ADVISER.
336.5-108 ISSUER'S RIGHTS AND OBLIGATIONS.
336.5-109 FRAUD AND FORGERY.
336.5-110 WARRANTIES.
336.5-111 REMEDIES.
336.5-112 TRANSFER OF LETTER OF CREDIT.
336.5-113 TRANSFER BY OPERATION OF LAW.
336.5-114 ASSIGNMENT OF PROCEEDS.
336.5-115 STATUTE OF LIMITATIONS.
336.5-116 CHOICE OF LAW AND FORUM.
336.5-117 SUBROGATION OF ISSUER, APPLICANT, AND NOMINATED PERSON.
336.5-118 SECURITY INTEREST OF ISSUER OR NOMINATED PERSON.
Article 6
BULK TRANSFERS
336.6-101 [Repealed, 1991 c 171 art 2 s 4]
336.6-102 [Repealed, 1991 c 171 art 2 s 4]
336.6-103 [Repealed, 1991 c 171 art 2 s 4]
336.6-104 [Repealed, 1991 c 171 art 2 s 4]
336.6-105 [Repealed, 1991 c 171 art 2 s 4]
336.6-106 [Repealed, 1991 c 171 art 2 s 4]
336.6-107 [Repealed, 1991 c 171 art 2 s 4]
336.6-108 [Repealed, 1991 c 171 art 2 s 4]
336.6-109 [Repealed, 1991 c 171 art 2 s 4]
336.6-110 [Repealed, 1991 c 171 art 2 s 4]
336.6-111 [Repealed, 1991 c 171 art 2 s 4]
Article 7
DOCUMENTS OF TITLE
Part 1
GENERAL
336.7-101 SHORT TITLE.
336.7-102 DEFINITIONS AND INDEX OF DEFINITIONS.
336.7-103 RELATION OF ARTICLE TO TREATY OR STATUTE.
336.7-104 NEGOTIABLE AND NONNEGOTIABLE DOCUMENT OF TITLE.
336.7-105 REISSUANCE IN ALTERNATIVE MEDIUM.
336.7-106 CONTROL OF ELECTRONIC DOCUMENT OF TITLE.
Part 2
WAREHOUSE RECEIPTS: SPECIAL PROVISIONS
336.7-201 PERSON THAT MAY ISSUE A WAREHOUSE RECEIPT; STORAGE UNDER BOND.
336.7-202 FORM OF WAREHOUSE RECEIPT; EFFECT OF OMISSION.
336.7-203 LIABILITY FOR NONRECEIPT OR MISDESCRIPTION.
336.7-204 DUTY OF CARE; CONTRACTUAL LIMITATION OF WAREHOUSE'S LIABILITY.
336.7-205 TITLE UNDER WAREHOUSE RECEIPT DEFEATED IN CERTAIN CASES.
336.7-206 TERMINATION OF STORAGE AT WAREHOUSE'S OPTION.
336.7-207 GOODS MUST BE KEPT SEPARATE; FUNGIBLE GOODS.
336.7-208 ALTERED WAREHOUSE RECEIPTS.
336.7-209 LIEN OF WAREHOUSE.
336.7-210 ENFORCEMENT OF WAREHOUSE'S LIEN.
Part 3
BILLS OF LADING: SPECIAL PROVISIONS
336.7-301 LIABILITY FOR NONRECEIPT OR MISDESCRIPTION; "SAID TO CONTAIN"; "SHIPPER'S WEIGHT, LOAD, AND COUNT"; IMPROPER HANDLING.
336.7-302 THROUGH BILLS OF LADING AND SIMILAR DOCUMENTS OF TITLE.
336.7-303 DIVERSION; RECONSIGNMENT; CHANGE OF INSTRUCTIONS.
336.7-304 TANGIBLE BILLS OF LADING IN A SET.
336.7-305 DESTINATION BILLS.
336.7-306 ALTERED BILLS OF LADING.
336.7-307 LIEN OF CARRIER.
336.7-308 ENFORCEMENT OF CARRIER'S LIEN.
336.7-309 DUTY OF CARE; CONTRACTUAL LIMITATION OF CARRIER'S LIABILITY.
Part 4
WAREHOUSE RECEIPTS AND BILLS OF LADING:
GENERAL OBLIGATIONS
336.7-401 IRREGULARITIES IN ISSUE OF RECEIPT OR BILL OR CONDUCT OF ISSUER.
336.7-402 DUPLICATE DOCUMENT OF TITLE; OVERISSUE.
336.7-403 OBLIGATION OF BAILEE TO DELIVER; EXCUSE.
336.7-404 NO LIABILITY FOR GOOD FAITH DELIVERY PURSUANT TO DOCUMENT OF TITLE.
Part 5
WAREHOUSE RECEIPTS AND BILLS OF LADING:
NEGOTIATION AND TRANSFER
336.7-501 FORM OF NEGOTIATION AND REQUIREMENTS OF DUE NEGOTIATION.
336.7-502 RIGHTS ACQUIRED BY DUE NEGOTIATION.
336.7-503 DOCUMENT OF TITLE TO GOODS DEFEATED IN CERTAIN CASES.
336.7-504 RIGHTS ACQUIRED IN ABSENCE OF DUE NEGOTIATION; EFFECT OF DIVERSION; STOPPAGE OF DELIVERY.
336.7-505 INDORSER NOT GUARANTOR FOR OTHER PARTIES.
336.7-506 DELIVERY WITHOUT INDORSEMENT: RIGHT TO COMPEL INDORSEMENT.
336.7-507 WARRANTIES ON NEGOTIATION OR DELIVERY OF DOCUMENT OF TITLE.
336.7-508 WARRANTIES OF COLLECTING BANK AS TO DOCUMENTS OF TITLE.
336.7-509 ADEQUATE COMPLIANCE WITH COMMERCIAL CONTRACT.
Part 6
WAREHOUSE RECEIPTS AND BILLS OF LADING:
MISCELLANEOUS PROVISIONS
336.7-601 LOST, STOLEN, OR DESTROYED DOCUMENTS OF TITLE.
336.7-602 JUDICIAL PROCESS AGAINST GOODS COVERED BY NEGOTIABLE DOCUMENT OF TITLE.
336.7-603 CONFLICTING CLAIMS; INTERPLEADER.
Part 7
MISCELLANEOUS PROVISIONS
336.7-703 APPLICABILITY.
336.7-704 SAVINGS CLAUSE.
Revised Article 8
INVESTMENT SECURITIES
Part 1
SHORT TITLE AND GENERAL MATTERS
336.8-101 SHORT TITLE.
336.8-102 DEFINITIONS.
336.8-103 RULES FOR DETERMINING WHETHER CERTAIN OBLIGATIONS AND INTERESTS ARE SECURITIES OR FINANCIAL ASSETS.
336.8-104 ACQUISITION OF SECURITY OR FINANCIAL ASSET OR INTEREST THEREIN.
336.8-105 NOTICE OF ADVERSE CLAIM.
336.8-106 CONTROL.
336.8-107 WHETHER ENDORSEMENT, INSTRUCTION, OR ENTITLEMENT ORDER IS EFFECTIVE.
336.8-108 WARRANTIES IN DIRECT HOLDING.
336.8-109 WARRANTIES IN INDIRECT HOLDING.
336.8-110 APPLICABILITY; CHOICE OF LAW.
336.8-111 CLEARING CORPORATION RULES.
336.8-112 CREDITOR'S LEGAL PROCESS.
336.8-113 STATUTE OF FRAUDS INAPPLICABLE.
336.8-114 EVIDENTIARY RULES CONCERNING CERTIFICATED SECURITIES.
336.8-115 SECURITIES INTERMEDIARY AND OTHERS NOT LIABLE TO ADVERSE CLAIMANT.
336.8-116 SECURITIES INTERMEDIARY AS PURCHASER FOR VALUE.
Part 2
ISSUE - ISSUER
336.8-201 ISSUER.
336.8-202 ISSUER'S RESPONSIBILITY AND DEFENSES; NOTICE OF DEFECT OR DEFENSE.
336.8-203 STALENESS AS NOTICE OF DEFECT OR DEFENSE.
336.8-204 EFFECT OF ISSUER'S RESTRICTION ON TRANSFER.
336.8-205 EFFECT OF UNAUTHORIZED SIGNATURE ON SECURITY CERTIFICATE.
336.8-206 COMPLETION OR ALTERATION OF SECURITY CERTIFICATE.
336.8-207 RIGHTS AND DUTIES OF ISSUER WITH RESPECT TO REGISTERED OWNERS.
336.8-208 EFFECT OF SIGNATURE OF AUTHENTICATING TRUSTEE, REGISTRAR, OR TRANSFER AGENT.
336.8-209 ISSUER'S LIEN.
336.8-210 OVERISSUE.
Part 3
TRANSFER OF CERTIFICATED AND
UNCERTIFICATED SECURITIES
336.8-301 DELIVERY.
336.8-302 RIGHTS OF PURCHASER.
336.8-303 PROTECTED PURCHASER.
336.8-304 ENDORSEMENT.
336.8-305 INSTRUCTION.
336.8-306 EFFECT OF GUARANTEEING SIGNATURE, ENDORSEMENT, OR INSTRUCTION.
336.8-307 PURCHASER'S RIGHT TO REQUISITES FOR REGISTRATION OF TRANSFER.
336.8-308 [Repealed, 1995 c 194 art 1 s 53]
336.8-309 [Repealed, 1995 c 194 art 1 s 53]
336.8-310 [Repealed, 1995 c 194 art 1 s 53]
336.8-311 [Repealed, 1995 c 194 art 1 s 53]
336.8-312 [Repealed, 1995 c 194 art 1 s 53]
336.8-313 [Repealed, 1995 c 194 art 1 s 53]
336.8-314 [Repealed, 1995 c 194 art 1 s 53]
336.8-315 [Repealed, 1995 c 194 art 1 s 53]
336.8-316 [Repealed, 1995 c 194 art 1 s 53]
336.8-317 [Repealed, 1995 c 194 art 1 s 53]
336.8-318 [Repealed, 1995 c 194 art 1 s 53]
336.8-319 [Repealed, 1995 c 194 art 1 s 53]
336.8-320 [Repealed, 1995 c 194 art 1 s 53]
336.8-321 [Repealed, 1995 c 194 art 1 s 53]
Part 4
REGISTRATION
336.8-401 DUTY OF ISSUER TO REGISTER TRANSFER.
336.8-402 ASSURANCE THAT ENDORSEMENT OR INSTRUCTION IS EFFECTIVE.
336.8-403 DEMAND THAT ISSUER NOT REGISTER TRANSFER.
336.8-404 WRONGFUL REGISTRATION.
336.8-405 REPLACEMENT OF LOST, DESTROYED, OR WRONGFULLY TAKEN SECURITY CERTIFICATE.
336.8-406 OBLIGATION TO NOTIFY ISSUER OF LOST, DESTROYED, OR WRONGFULLY TAKEN SECURITY CERTIFICATE.
336.8-407 AUTHENTICATING TRUSTEE, TRANSFER AGENT, AND REGISTRAR.
336.8-408 [Repealed, 1995 c 194 art 1 s 53]
Part 5
SECURITY ENTITLEMENTS
336.8-501 SECURITIES ACCOUNT; ACQUISITION OF SECURITY ENTITLEMENT FROM SECURITIES INTERMEDIARY.
336.8-502 ASSERTION OF ADVERSE CLAIM AGAINST ENTITLEMENT HOLDER.
336.8-503 PROPERTY INTEREST OF ENTITLEMENT HOLDER IN FINANCIAL ASSET HELD BY SECURITIES INTERMEDIARY.
336.8-504 DUTY OF SECURITIES INTERMEDIARY TO MAINTAIN FINANCIAL ASSET.
336.8-505 DUTY OF SECURITIES INTERMEDIARY WITH RESPECT TO PAYMENTS AND DISTRIBUTIONS.
336.8-506 DUTY OF SECURITIES INTERMEDIARY TO EXERCISE RIGHTS AS DIRECTED BY ENTITLEMENT HOLDER.
336.8-507 DUTY OF SECURITIES INTERMEDIARY TO COMPLY WITH ENTITLEMENT ORDER.
336.8-508 DUTY OF SECURITIES INTERMEDIARY TO CHANGE ENTITLEMENT HOLDER'S POSITION TO OTHER FORM OF SECURITY HOLDING.
336.8-509 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.
336.8-510 RIGHTS OF PURCHASER OF SECURITY ENTITLEMENT FROM ENTITLEMENT HOLDER.
336.8-511 PRIORITY AMONG SECURITY INTERESTS AND ENTITLEMENT HOLDERS.
Part 6
TRANSITION PROVISIONS FOR REVISED ARTICLE 8
336.8-601 EFFECTIVE DATE.
336.8-602 MS 2006 [Obsolete, 1995 c 194 art 1 s 53]
336.8-603 SAVINGS CLAUSE.
Revised Article 9
SECURED TRANSACTIONS
Part 1
GENERAL PROVISIONS
SUBPART 1. SHORT TITLE, DEFINITIONS, AND GENERAL CONCEPTS
336.9-101 SHORT TITLE.
336.9-102 DEFINITIONS AND INDEX OF DEFINITIONS.
336.9-103 PURCHASE-MONEY SECURITY INTEREST; APPLICATION OF PAYMENTS; BURDEN OF ESTABLISHING.
336.9-104 CONTROL OF DEPOSIT ACCOUNT.
336.9-105 CONTROL OF ELECTRONIC CHATTEL PAPER.
336.9-106 CONTROL OF INVESTMENT PROPERTY.
336.9-107 CONTROL OF LETTER OF CREDIT RIGHT.
336.9-108 SUFFICIENCY OF DESCRIPTION.
SUBPART 2. APPLICABILITY OF ARTICLE
336.9-109 SCOPE.
336.9-110 SECURITY INTERESTS ARISING UNDER ARTICLE 2 OR 2A.
336.9-111 [Repealed, 1991 c 171 art 2 s 4]
336.9-112 [Repealed, 2000 c 399 art 1 s 140]
336.9-113 [Repealed, 2000 c 399 art 1 s 140]
336.9-114 [Repealed, 2000 c 399 art 1 s 140]
336.9-115 [Repealed, 2000 c 399 art 1 s 140]
336.9-116 [Repealed, 2000 c 399 art 1 s 140]
Part 2
EFFECTIVENESS OF SECURITY AGREEMENT; ATTACHMENT OF
SECURITY INTEREST; RIGHTS OF PARTIES TO SECURITY
AGREEMENT
SUBPART 1. EFFECTIVENESS AND ATTACHMENT
336.9-201 GENERAL EFFECTIVENESS OF SECURITY AGREEMENT.
336.9-202 TITLE TO COLLATERAL IMMATERIAL.
336.9-203 ATTACHMENT AND ENFORCEABILITY OF SECURITY INTEREST; PROCEEDS; SUPPORTING OBLIGATIONS; FORMAL REQUISITES.
336.9-204 AFTER-ACQUIRED PROPERTY; FUTURE ADVANCES.
336.9-205 USE OR DISPOSITION OF COLLATERAL PERMISSIBLE.
336.9-206 SECURITY INTEREST ARISING IN PURCHASE OR DELIVERY OF FINANCIAL ASSET.
SUBPART 2. RIGHTS AND DUTIES
336.9-207 RIGHTS AND DUTIES OF SECURED PARTY HAVING POSSESSION OR CONTROL OF COLLATERAL.
336.9-208 ADDITIONAL DUTIES OF SECURED PARTY HAVING CONTROL OF COLLATERAL.
336.9-209 DUTIES OF SECURED PARTY IF ACCOUNT DEBTOR HAS BEEN NOTIFIED OF ASSIGNMENT.
336.9-210 REQUEST FOR ACCOUNTING; REQUEST REGARDING LIST OF COLLATERAL OR STATEMENT OF ACCOUNT.
Part 3
PERFECTION AND PRIORITY
SUBPART 1. LAW GOVERNING PERFECTION AND PRIORITY OF SECURITY INTERESTS
336.9-301 LAW GOVERNING PERFECTION AND PRIORITY OF SECURITY INTERESTS.
336.9-302 LAW GOVERNING PERFECTION AND PRIORITY OF AGRICULTURAL LIENS.
336.9-303 LAW GOVERNING PERFECTION AND PRIORITY OF SECURITY INTERESTS IN GOODS COVERED BY A CERTIFICATE OF TITLE.
336.9-304 LAW GOVERNING PERFECTION AND PRIORITY OF SECURITY INTERESTS IN DEPOSIT ACCOUNTS.
336.9-305 LAW GOVERNING PERFECTION AND PRIORITY OF SECURITY INTERESTS IN INVESTMENT PROPERTY.
336.9-306 LAW GOVERNING PERFECTION AND PRIORITY OF SECURITY INTERESTS IN LETTER OF CREDIT RIGHTS.
336.9-307 LOCATION OF DEBTOR.
SUBPART 2. PERFECTION
336.9-308 WHEN SECURITY INTEREST OR AGRICULTURAL LIEN IS PERFECTED; CONTINUITY OF PERFECTION.
336.9-309 SECURITY INTEREST PERFECTED UPON ATTACHMENT.
336.9-310 WHEN FILING REQUIRED TO PERFECT SECURITY INTEREST OR AGRICULTURAL LIEN; SECURITY INTERESTS AND AGRICULTURAL LIENS TO WHICH FILING PROVISIONS DO NOT APPLY.
336.9-311 PERFECTION OF SECURITY INTERESTS IN PROPERTY SUBJECT TO CERTAIN STATUTES, REGULATIONS, AND TREATIES.
336.9-312 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.
336.9-313 WHEN POSSESSION BY OR DELIVERY TO SECURED PARTY PERFECTS SECURITY INTEREST WITHOUT FILING.
336.9-314 PERFECTION BY CONTROL.
336.9-315 SECURED PARTY'S RIGHTS ON DISPOSITION OF COLLATERAL AND IN PROCEEDS.
336.9-316 EFFECT OF CHANGE IN GOVERNING LAW.
SUBPART 3. PRIORITY
336.9-317 INTERESTS THAT TAKE PRIORITY OVER OR TAKE FREE OF SECURITY INTEREST OR AGRICULTURAL LIEN.
336.9-318 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.
336.9-319 RIGHTS AND TITLE OF CONSIGNEE WITH RESPECT TO CREDITORS AND PURCHASERS.
336.9-320 BUYER OF GOODS.
336.9-321 LICENSEE OF GENERAL INTANGIBLE AND LESSEE OF GOODS IN ORDINARY COURSE OF BUSINESS.
336.9-322 PRIORITIES AMONG CONFLICTING SECURITY INTERESTS IN AND AGRICULTURAL LIENS ON SAME COLLATERAL.
336.9-323 FUTURE ADVANCES.
336.9-324 PRIORITY OF PURCHASE-MONEY SECURITY INTERESTS.
336.9-325 PRIORITY OF SECURITY INTERESTS IN TRANSFERRED COLLATERAL.
336.9-326 PRIORITY OF SECURITY INTERESTS CREATED BY NEW DEBTOR.
336.9-327 PRIORITY OF SECURITY INTERESTS IN DEPOSIT ACCOUNT.
336.9-328 PRIORITY OF SECURITY INTERESTS IN INVESTMENT PROPERTY.
336.9-329 PRIORITY OF SECURITY INTERESTS IN LETTER OF CREDIT RIGHT.
336.9-330 PRIORITY OF PURCHASER OF CHATTEL PAPER OR INSTRUMENT.
336.9-331 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.
336.9-332 TRANSFER OF MONEY; TRANSFER OF FUNDS FROM DEPOSIT ACCOUNT.
336.9-333 PRIORITY OF CERTAIN LIENS ARISING BY OPERATION OF LAW.
336.9-334 PRIORITY OF SECURITY INTERESTS IN FIXTURES AND CROPS.
336.9-335 ACCESSIONS.
336.9-336 COMMINGLED GOODS.
336.9-337 PRIORITY OF SECURITY INTERESTS IN GOODS COVERED BY CERTIFICATE OF TITLE.
336.9-338 PRIORITY OF SECURITY INTEREST OR AGRICULTURAL LIEN PERFECTED BY FILED FINANCING STATEMENT PROVIDING CERTAIN INCORRECT INFORMATION.
336.9-339 PRIORITY SUBJECT TO SUBORDINATION.
SUBPART 4. RIGHTS OF BANK
336.9-340 EFFECTIVENESS OF RIGHT OF RECOUPMENT OR SETOFF AGAINST DEPOSIT ACCOUNT.
336.9-341 BANK'S RIGHTS AND DUTIES WITH RESPECT TO DEPOSIT ACCOUNT.
336.9-342 BANK'S RIGHT TO REFUSE TO ENTER INTO OR DISCLOSE EXISTENCE OF CONTROL AGREEMENT.
Part 4
RIGHTS OF THIRD PARTIES
336.9-401 ALIENABILITY OF DEBTOR'S RIGHTS.
336.9-402 SECURED PARTY NOT OBLIGATED ON CONTRACT OF DEBTOR OR IN TORT.
336.9-403 AGREEMENT NOT TO ASSERT DEFENSES AGAINST ASSIGNEE.
336.9-404 RIGHTS ACQUIRED BY ASSIGNEE; CLAIMS AND DEFENSES AGAINST ASSIGNEE.
336.9-405 MODIFICATION OF ASSIGNED CONTRACT.
336.9-406 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.
336.9-407 RESTRICTIONS ON CREATION OR ENFORCEMENT OF SECURITY INTEREST IN LEASEHOLD INTEREST OR IN LESSOR'S RESIDUAL INTEREST.
336.9-408 RESTRICTIONS ON ASSIGNMENT OF PROMISSORY NOTES, HEALTH-CARE-INSURANCE RECEIVABLES, AND CERTAIN GENERAL INTANGIBLES INEFFECTIVE.
336.9-409 RESTRICTIONS ON ASSIGNMENT OF LETTER OF CREDIT RIGHTS INEFFECTIVE.
336.9-410 MS 1998 [Repealed, 2000 c 399 art 1 s 140]
336.9-411 MS 1998 [Repealed, 2000 c 399 art 1 s 140]
336.9-412 MS 1998 [Repealed, 2000 c 399 art 1 s 140]
336.9-413 MS 1998 [Repealed, 2000 c 399 art 1 s 140]
Part 5
FILING
SUBPART 1. FILING OFFICE; CONTENTS AND EFFECTIVENESS OF FINANCING STATEMENT
336.9-501 FILING OFFICE.
336.9-502 CONTENTS OF FINANCING STATEMENT; RECORD OF MORTGAGE AS FINANCING STATEMENT; TIME OF FILING FINANCING STATEMENT.
336.9-503 NAME OF DEBTOR AND SECURED PARTY.
336.9-504 INDICATION OF COLLATERAL.
336.9-505 FILING AND COMPLIANCE WITH OTHER STATUTES AND TREATIES FOR CONSIGNMENTS, LEASES, OTHER BAILMENTS, AND OTHER TRANSACTIONS.
336.9-506 EFFECT OF ERRORS OR OMISSIONS.
336.9-507 EFFECT OF CERTAIN EVENTS ON EFFECTIVENESS OF FINANCING STATEMENT.
336.9-508 EFFECTIVENESS OF FINANCING STATEMENT IF NEW DEBTOR BECOMES BOUND BY SECURITY AGREEMENT.
336.9-509 PERSONS ENTITLED TO FILE A RECORD.
336.9-510 EFFECTIVENESS OF FILED RECORD.
336.9-511 SECURED PARTY OF RECORD.
336.9-512 AMENDMENT OF FINANCING STATEMENT.
336.9-513 TERMINATION STATEMENT.
336.9-514 ASSIGNMENT OF POWERS OF SECURED PARTY OF RECORD.
336.9-515 DURATION AND EFFECTIVENESS OF FINANCING STATEMENT; EFFECT OF LAPSED FINANCING STATEMENT.
336.9-516 WHAT CONSTITUTES FILING; EFFECTIVENESS OF FILING.
336.9-517 EFFECT OF INDEXING ERRORS.
336.9-518 CLAIM CONCERNING INACCURATE OR WRONGFULLY FILED RECORD.
SUBPART 2. DUTIES AND OPERATION OF FILING OFFICE
336.9-519 NUMBERING, MAINTAINING, AND INDEXING RECORDS; COMMUNICATING INFORMATION PROVIDED IN RECORDS.
336.9-520 ACCEPTANCE AND REFUSAL TO ACCEPT RECORD.
336.9-521 UNIFORM FORM OF WRITTEN FINANCING STATEMENT AND AMENDMENT.
336.9-522 MAINTENANCE AND DESTRUCTION OF RECORDS.
336.9-523 INFORMATION FROM FILING OFFICE; SALE OR LICENSE OF RECORDS.
336.9-524 DELAY BY FILING OFFICE.
336.9-525 FEES.
336.9-526 DUTY TO REPORT.
336.9-527 SATELLITE OFFICES AUTHORIZED.
336.9-528 FILING; ASSIGNMENT OF FILING INFORMATION AT SATELLITE OFFICES.
336.9-529 MAINTENANCE AND RETRIEVAL OF DOCUMENTS AND DATA.
336.9-530 SATELLITE OFFICES; UNIFORMITY OF SERVICES ASSURED.
336.9-531 ELECTRONIC ACCESS; LIABILITY; RETENTION.
Part 6
DEFAULT
SUBPART 1. DEFAULT AND ENFORCEMENT OF SECURITY INTEREST
336.9-601 RIGHTS AFTER DEFAULT; JUDICIAL ENFORCEMENT; CONSIGNOR OR BUYER OF ACCOUNTS, CHATTEL PAPER, PAYMENT INTANGIBLES, OR PROMISSORY NOTES.
336.9-602 WAIVER AND VARIANCE OF RIGHTS AND DUTIES.
336.9-603 AGREEMENT ON STANDARDS CONCERNING RIGHTS AND DUTIES.
336.9-604 PROCEDURE IF SECURITY AGREEMENT COVERS REAL PROPERTY OR FIXTURES.
336.9-605 UNKNOWN DEBTOR OR SECONDARY OBLIGOR.
336.9-606 TIME OF DEFAULT FOR AGRICULTURAL LIEN.
336.9-607 COLLECTION AND ENFORCEMENT BY SECURED PARTY.
336.9-608 APPLICATION OF PROCEEDS OF COLLECTION OR ENFORCEMENT; LIABILITY FOR DEFICIENCY AND RIGHT TO SURPLUS.
336.9-609 SECURED PARTY'S RIGHT TO TAKE POSSESSION AFTER DEFAULT.
336.9-610 DISPOSITION OF COLLATERAL AFTER DEFAULT.
336.9-611 NOTIFICATION BEFORE DISPOSITION OF COLLATERAL.
336.9-612 TIMELINESS OF NOTIFICATION BEFORE DISPOSITION OF COLLATERAL.
336.9-613 CONTENTS AND FORM OF NOTIFICATION BEFORE DISPOSITION OF COLLATERAL: GENERAL.
336.9-614 CONTENTS AND FORM OF NOTIFICATION BEFORE DISPOSITION OF COLLATERAL: CONSUMER GOODS TRANSACTION.
336.9-615 APPLICATION OF PROCEEDS OF DISPOSITION; LIABILITY FOR DEFICIENCY AND RIGHT TO SURPLUS.
336.9-616 EXPLANATION OF CALCULATION OF SURPLUS OR DEFICIENCY.
336.9-617 RIGHTS OF TRANSFEREE OF COLLATERAL.
336.9-618 RIGHTS AND DUTIES OF CERTAIN SECONDARY OBLIGORS.
336.9-619 TRANSFER OF RECORD OR LEGAL TITLE.
336.9-620 ACCEPTANCE OF COLLATERAL IN FULL OR PARTIAL SATISFACTION OF OBLIGATION; COMPULSORY DISPOSITION OF COLLATERAL.
336.9-621 NOTIFICATION OF PROPOSAL TO ACCEPT COLLATERAL.
336.9-622 EFFECT OF ACCEPTANCE OF COLLATERAL.
336.9-623 RIGHT TO REDEEM COLLATERAL.
336.9-624 WAIVER.
SUBPART 2. NONCOMPLIANCE WITH ARTICLE
336.9-625 REMEDIES FOR SECURED PARTY'S FAILURE TO COMPLY WITH ARTICLE.
336.9-626 ACTION IN WHICH DEFICIENCY OR SURPLUS IS IN ISSUE.
336.9-627 DETERMINATION OF WHETHER CONDUCT WAS COMMERCIALLY REASONABLE.
336.9-628 NONLIABILITY AND LIMITATION ON LIABILITY OF SECURED PARTY; LIABILITY OF SECONDARY OBLIGOR.
Part 7
TRANSITION
336.9-701 EFFECTIVE DATE.
336.9-702 SAVINGS CLAUSE.
336.9-703 SECURITY INTEREST PERFECTED BEFORE EFFECTIVE DATE.
336.9-704 SECURITY INTEREST UNPERFECTED BEFORE EFFECTIVE DATE.
336.9-705 EFFECTIVENESS OF ACTION TAKEN BEFORE EFFECTIVE DATE.
336.9-706 WHEN INITIAL FINANCING STATEMENT SUFFICES TO CONTINUE EFFECTIVENESS OF FINANCING STATEMENT.
336.9-707 AMENDMENT OF PRE-EFFECTIVE DATE FINANCING STATEMENT.
336.9-708 PERSONS ENTITLED TO FILE INITIAL FINANCING STATEMENT OR CONTINUATION STATEMENT.
336.9-709 PRIORITY.
Part 8
TRANSITION PROVISIONS FOR 2010 AMENDMENTS
336.9-801 EFFECTIVE DATE.
336.9-802 SAVINGS CLAUSE.
336.9-803 SECURITY INTEREST PERFECTED BEFORE EFFECTIVE DATE.
336.9-804 SECURITY INTEREST UNPERFECTED BEFORE EFFECTIVE DATE.
336.9-805 EFFECTIVENESS OF ACTION TAKEN BEFORE EFFECTIVE DATE.
336.9-806 WHEN INITIAL FINANCING STATEMENT SUFFICES TO CONTINUE EFFECTIVENESS OF FINANCING STATEMENT.
336.9-807 AMENDMENT OF PRE-EFFECTIVE DATE FINANCING STATEMENT.
336.9-808 PERSON ENTITLED TO FILE INITIAL FINANCING STATEMENT OR CONTINUATION STATEMENT.
336.9-809 PRIORITY.
Article 10
EFFECTIVE DATE AND REPEALER
336.10-101 [Expired]
336.10-102 LAWS REPEALED; PROVISION FOR TRANSITION.
336.10-103 GENERAL REPEALER.
336.10-104 [Repealed, 2004 c 162 art 4 s 43]
336.10-105 EFFECTIVE DATE.
Article 11
EFFECTIVE DATE
336.11-101 [Repealed, 2001 c 195 art 2 s 39]
336.11-102 [Repealed, 2001 c 195 art 2 s 39]
336.11-103 [Repealed, 2001 c 195 art 2 s 39]
336.11-104 [Repealed, 2001 c 195 art 2 s 39]
336.11-105 [Repealed, 2001 c 195 art 2 s 39]
336.11-106 [Repealed, 2001 c 195 art 2 s 39]
336.11-107 [Repealed, 2001 c 195 art 2 s 39]
336.11-108 [Repealed, 2001 c 195 art 2 s 39]

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