investment property uniform commercial code definition

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An investmentfonds wikipedia free fund also index tracker is a mutual fund or exchange-traded fund ETF designed to follow certain preset rules so that the fund can track a specified basket johann pfeiffer iforex underlying investments. Index funds may also have rules that screen for social and sustainable criteria. An index fund's rules of construction clearly identify the type of companies suitable for the fund. Additional index funds within these geographic markets may include indexes of companies that include rules based on company characteristics or factors, such as companies that are small, mid-sized, large, small value, large value, small growth, large growth, the level of gross profitability or investment capital, real estate, or indexes based on commodities and fixed-income. Companies are purchased and held within the index fund when they meet the specific index rules or parameters and are sold when they move outside of those rules or parameters. Think of an index fund as an investment utilizing rules-based investing.

Investment property uniform commercial code definition s k investment frankfurt

Investment property uniform commercial code definition

A a creditor that has acquired a lien on the property involved by attachment, levy, or the like;. C a trustee in bankruptcy from the date of the filing of the petition; or. The term includes any structure that meets all of the requirements of this paragraph except the size requirements and with respect to which the manufacturer voluntarily files a certification required by the United States Secretary of Housing and Urban Development and complies with the standards established under Title 42 of the United States Code.

A that creates a purchase-money security interest in a manufactured home, other than a manufactured home held as inventory; or. B in which a manufactured home, other than a manufactured home held as inventory, is the primary collateral.

The term does not include an obligation substituted for another obligation. The term does not include issuers or nominated persons under a letter of credit. B a brother, brother-in-law, sister, or sister-in-law of the individual;. A a person directly or indirectly controlling, controlled by, or under common control with the organization;.

B an officer or director of, or a person performing similar functions with respect to, the organization;. C an officer or director of, or a person performing similar functions with respect to, a person described in subparagraph A ;. D the spouse of an individual described in subparagraph A , B , or C ; or.

E an individual who is related by blood or marriage to an individual described in subparagraph A , B , C , or D and shares the same home with the individual. A whatever is acquired upon the sale, lease, license, exchange, or other disposition of collateral;. D to the extent of the value of collateral, claims arising out of the loss, nonconformity, or interference with the use of, defects or infringement of rights in, or damage to, the collateral; or.

E to the extent of the value of collateral and to the extent payable to the debtor or the secured party, insurance payable by reason of the loss or nonconformity of, defects or infringement of rights in, or damage to, the collateral. B all or a portion of the securities issued have an initial stated maturity of at least 20 years; and.

C the debtor, obligor, secured party, account debtor or other person obligated on collateral, assignor or assignee of a secured obligation, or assignor or assignee of a security interest is a State or a governmental unit of a State. A a record consisting of the record initially filed with or issued by a State or the United States to form or organize an organization and any record filed with or issued by the State or the United States which amends, restates, or corrects the initial record;.

B an organic record of a business trust consisting of the record initially filed with a State and any record filed with the State which amends, restates, or corrects the initial record, if a statute of the State governing business trusts requires that the record be filed with the State; or.

C a record consisting of legislation enacted by the legislature of a State or the Congress of the United States which forms or organizes an organization, any record amending the legislation, and any record filed with or issued by the State or the United States which amends, restates, or corrects the name of the organization. The term also includes a series of a registered organization if the series is an organization formed or organized under the law of a single State and the statute of the State governing the series requires that the public organic record of the series be filed with the State.

B the obligor has a right of recourse with respect to an obligation secured by collateral against the debtor, another obligor, or property of either. A a person in whose favor a security interest is created or provided for under a security agreement, whether or not any obligation to be secured is outstanding;. D a person to which accounts, chattel paper, payment intangibles, or promissory notes have been sold;.

E a trustee, indenture trustee, agent, collateral agent, or other representative in whose favor a security interest or agricultural lien is created or provided for; or. F a person that holds a security interest arising under Section , , 3 , 2A 5 , , or A to deposit in the mail, deliver for transmission, or transmit by any other usual means of communication, with postage or cost of transmission provided for, addressed to any address reasonable under the circumstances; or. B to cause the record or notification to be received within the time that it would have been received if properly sent under subparagraph A.

The term does not include a computer program that is included in the definition of goods. B indicates either that it is a termination statement or that the identified financing statement is no longer effective. B transmitting communications electrically, electromagnetically, or by light;. D transmitting or producing and transmitting electricity, steam, gas, or water. B if more than one obligation is secured, to obligations secured by purchase-money security interests in the order in which those obligations were incurred.

The court may not infer from that limitation the nature of the proper rule in consumer-goods transactions and may continue to apply established approaches. The naming of the deposit account in the name of the secured party or with an indication that the secured party has a security interest in the deposit account under subsection a 5 does not impose upon the bank any duty not expressly agreed to by the bank.

A secured party has control under subsection a 4 even if the provision or provisions addressing the disposition of funds in the deposit account or the right to direct the disposition of funds in the deposit account are subject to any condition or conditions other than further consent by the debtor.

The provisions of subsections a 4 and a 5 shall create no inference regarding the requirements for compliance with subsection a 1 , a 2 or a 3. A secured party has control of a letter-of-credit right to the extent of any right to payment or performance by the issuer or any nominated person if the issuer or nominated person has consented to an assignment of proceeds of the letter of credit under Section c or otherwise applicable law or practice. A Section applies with respect to the effectiveness of rights of recoupment or set-off against deposit accounts; and.

B Section applies with respect to defenses or claims of an account debtor;. C fixture filings in Sections , , , , and ; and. D security agreements covering personal and real property in Section ;. A security interest arising under Section , , 3 , or 2A 5 is subject to this Article. The term does not include charters or other contracts involving the use or hire of a vessel or records which evidence a right to payment arising out of the use of a credit or charge card or information contained on or for use with the card.

If a transaction is evidenced by records that include an instrument or series of instruments, the group of records taken together constitutes chattel paper. The term includes:. The term includes consumer-goods transactions.

The term does not include investment property or accounts evidenced by an instrument. The term includes a mortgage and any other lien on real property. The term includes the filing of a financing statement covering goods of a transmitting utility which are, or are to become, fixtures. The term includes payment intangibles and software. The term does not include a computer program embedded in goods which consist solely of the medium in which the program is embedded.

The term includes an organization having a separate corporate existence if the organization is eligible to issue debt on which interest is exempt from income taxation under the laws of the United States. The term does not include:. The term does not include the right of a beneficiary to demand payment or performance under a letter of credit.

The term includes any structure that meets all of the requirements of this paragraph except the size requirements and with respect to which the manufacturer voluntarily files a certification required by the United States Secretary of Housing and Urban Development and complies with the standards established under 42 U. The term does not include an obligation substituted for another obligation. The term does not include any issuer or nominated person under a letter of credit. The term includes a business trust that is formed or organized under the law of a single state if a statute of the state governing business trusts requires that a business trust's organic record be filed with the state.

The term does not include a computer program which is included in the definition of goods. July 1, Act 30 amended the defs. Act 13 amended the defs. Cross References. Section is referred to in sections , 2A, of this title; section of Title 66 Public Utilities.

The court may not infer from that limitation the nature of the proper rule in consumer-goods transactions and may continue to apply established approaches. Section is referred to in sections , , , , , , , , of this title. June 27, , P. Section is referred to in sections , , , , , of this title. A secured party has control of a letter-of-credit right to the extent of any right to payment or performance by the issuer or any nominated person if the issuer or nominated person has consented to an assignment of proceeds of the letter of credit under section c relating to recognition of assignment of proceeds or otherwise applicable law or practice.

Section is referred to in section of this title; section of Title 12 Commerce and Trade. Security interests arising under Division 2 or 2A. Section relating to priority of certain liens arising by operation of law applies with respect to priority of the lien.

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C a trustee in bankruptcy from the date of the filing of the petition; or. The term includes any structure that meets all of the requirements of this paragraph except the size requirements and with respect to which the manufacturer voluntarily files a certification required by the United States Secretary of Housing and Urban Development and complies with the standards established under Title 42 of the United States Code.

A that creates a purchase-money security interest in a manufactured home, other than a manufactured home held as inventory; or. B in which a manufactured home, other than a manufactured home held as inventory, is the primary collateral. The term does not include an obligation substituted for another obligation. The term does not include issuers or nominated persons under a letter of credit. B a brother, brother-in-law, sister, or sister-in-law of the individual;.

A a person directly or indirectly controlling, controlled by, or under common control with the organization;. B an officer or director of, or a person performing similar functions with respect to, the organization;. C an officer or director of, or a person performing similar functions with respect to, a person described in subparagraph A ;. D the spouse of an individual described in subparagraph A , B , or C ; or.

E an individual who is related by blood or marriage to an individual described in subparagraph A , B , C , or D and shares the same home with the individual. A whatever is acquired upon the sale, lease, license, exchange, or other disposition of collateral;. D to the extent of the value of collateral, claims arising out of the loss, nonconformity, or interference with the use of, defects or infringement of rights in, or damage to, the collateral; or.

E to the extent of the value of collateral and to the extent payable to the debtor or the secured party, insurance payable by reason of the loss or nonconformity of, defects or infringement of rights in, or damage to, the collateral. B all or a portion of the securities issued have an initial stated maturity of at least 20 years; and. C the debtor, obligor, secured party, account debtor or other person obligated on collateral, assignor or assignee of a secured obligation, or assignor or assignee of a security interest is a State or a governmental unit of a State.

A a record consisting of the record initially filed with or issued by a State or the United States to form or organize an organization and any record filed with or issued by the State or the United States which amends, restates, or corrects the initial record;. B an organic record of a business trust consisting of the record initially filed with a State and any record filed with the State which amends, restates, or corrects the initial record, if a statute of the State governing business trusts requires that the record be filed with the State; or.

C a record consisting of legislation enacted by the legislature of a State or the Congress of the United States which forms or organizes an organization, any record amending the legislation, and any record filed with or issued by the State or the United States which amends, restates, or corrects the name of the organization.

The term also includes a series of a registered organization if the series is an organization formed or organized under the law of a single State and the statute of the State governing the series requires that the public organic record of the series be filed with the State. B the obligor has a right of recourse with respect to an obligation secured by collateral against the debtor, another obligor, or property of either.

A a person in whose favor a security interest is created or provided for under a security agreement, whether or not any obligation to be secured is outstanding;. D a person to which accounts, chattel paper, payment intangibles, or promissory notes have been sold;. E a trustee, indenture trustee, agent, collateral agent, or other representative in whose favor a security interest or agricultural lien is created or provided for; or.

F a person that holds a security interest arising under Section , , 3 , 2A 5 , , or A to deposit in the mail, deliver for transmission, or transmit by any other usual means of communication, with postage or cost of transmission provided for, addressed to any address reasonable under the circumstances; or. B to cause the record or notification to be received within the time that it would have been received if properly sent under subparagraph A.

The term does not include a computer program that is included in the definition of goods. B indicates either that it is a termination statement or that the identified financing statement is no longer effective. B transmitting communications electrically, electromagnetically, or by light;. D transmitting or producing and transmitting electricity, steam, gas, or water.

B if more than one obligation is secured, to obligations secured by purchase-money security interests in the order in which those obligations were incurred. The court may not infer from that limitation the nature of the proper rule in consumer-goods transactions and may continue to apply established approaches.

The naming of the deposit account in the name of the secured party or with an indication that the secured party has a security interest in the deposit account under subsection a 5 does not impose upon the bank any duty not expressly agreed to by the bank. A secured party has control under subsection a 4 even if the provision or provisions addressing the disposition of funds in the deposit account or the right to direct the disposition of funds in the deposit account are subject to any condition or conditions other than further consent by the debtor.

The provisions of subsections a 4 and a 5 shall create no inference regarding the requirements for compliance with subsection a 1 , a 2 or a 3. A secured party has control of a letter-of-credit right to the extent of any right to payment or performance by the issuer or any nominated person if the issuer or nominated person has consented to an assignment of proceeds of the letter of credit under Section c or otherwise applicable law or practice.

A Section applies with respect to the effectiveness of rights of recoupment or set-off against deposit accounts; and. B Section applies with respect to defenses or claims of an account debtor;. C fixture filings in Sections , , , , and ; and. D security agreements covering personal and real property in Section ;.

A security interest arising under Section , , 3 , or 2A 5 is subject to this Article. However, until the debtor obtains possession of the goods:. B traded on a foreign commodity board of trade, exchange, or market and is carried on the books of a commodity intermediary for a commodity customer. A is registered as a futures commission merchant under federal commodities law; or. B in the ordinary course of its business provides clearance or settlement services for a board of trade that has been designated as a contract market pursuant to federal commodities law.

B to transmit a record by any means agreed upon by the persons sending and receiving the record; or. C in the case of transmission of a record to or by a filing office, to transmit a record by any means prescribed by filing-office rule. C the goods are not consumer goods immediately before delivery;. D the transaction does not create a security interest that secures an obligation; and. E the transaction does not involve delivery of a work of art to an art dealer or delivery of a sound recording to a distributor if Chapter , Occupations Code, applies to the delivery.

A an individual incurs an obligation primarily for personal, family, or household purposes; and. B a security interest in consumer goods secures the obligation. The term includes consumer-goods transactions. A identifies, by its file number, the initial financing statement to which it relates; and. B indicates that it is a continuation statement for, or that it is filed to continue the effectiveness of, the identified financing statement. A a person having an interest, other than a security interest or other lien, in the collateral, whether or not the person is an obligor;.

B a seller of accounts, chattel paper, payment intangibles, or promissory notes; or. The term includes a nonnegotiable certificate of deposit. The term does not include investment property or accounts evidenced by an instrument. The term includes mortgages and other liens on real property. B livestock, born or unborn, including aquatic goods produced in aquacultural operations;. C supplies used or produced in a farming operation; or. D products of crops or livestock in their unmanufactured states.

The term includes the filing of a financing statement covering goods of a transmitting utility that are or are to become fixtures. The term includes payment intangibles and software. The term includes i fixtures, ii standing timber that is to be cut and removed under a conveyance or contract for sale, iii the unborn young of animals, iv crops grown, growing, or to be grown, even if the crops are produced on trees, vines, or bushes, and v manufactured homes.

The term also includes a computer program embedded in goods and any supporting information provided in connection with a transaction relating to the program if i the program is associated with the goods in such a manner that it customarily is considered part of the goods, or ii by becoming the owner of the goods, a person acquires a right to use the program in connection with the goods.

The term does not include a computer program embedded in goods that consist solely of the medium in which the program is embedded. The term also does not include accounts, chattel paper, commercial tort claims, deposit accounts, documents, general intangibles, instruments, investment property, letter-of-credit rights, letters of credit, money, or oil, gas, or other minerals before extraction.

The term includes an organization having a separate corporate existence if the organization is eligible to issue debt on which interest is exempt from income taxation under the laws of the United States. The term does not include i investment property, ii letters of credit, iii writings that evidence a right to payment arising out of the use of a credit or charge card or information contained on or for use with the card, or iv nonnegotiable certificates of deposit. B are held by a person for sale or lease or to be furnished under a contract of service;.

C are furnished by a person under a contract of service; or. D consist of raw materials, work in process, or materials used or consumed in a business. The term does not include the right of a beneficiary to demand payment or performance under a letter of credit.

A a creditor that has acquired a lien on the property involved by attachment, levy, or the like;. B an assignee for benefit of creditors from the time of assignment;. C a trustee in bankruptcy from the date of the filing of the petition; or. The term includes any structure that meets all of the requirements of this subdivision except the size requirements and with respect to which the manufacturer voluntarily files a certification required by the United States secretary of housing and urban development and complies with the standards established under Title 42 of the United States Code.

A that creates a purchase-money security interest in a manufactured home, other than a manufactured home held as inventory; or. B in which a manufactured home, other than a manufactured home held as inventory, is the primary collateral.

The term does not include an obligation substituted for another obligation. A states on its face that it is a certificate of deposit, as defined in Section 3. B contains an acknowledgement that a sum of money has been received by the bank, with an express or implied agreement that the bank will repay the sum of money; and. The term does not include issuers or nominated persons under a letter of credit. B a brother, brother-in-law, sister, or sister-in-law of the individual;.

C an ancestor or lineal descendant of the individual or the individual's spouse; or. D any other relative, by blood or marriage, of the individual or the individual's spouse who shares the same home with the individual.

A a person directly or indirectly controlling, controlled by, or under common control with the organization;. B an officer or director of, or a person performing similar functions with respect to, the organization;. C an officer or director of, or a person performing similar functions with respect to, a person described in Paragraph A ;. D the spouse of an individual described in Paragraph A , B , or C ; or. E an individual who is related by blood or marriage to an individual described in Paragraph A , B , C , or D and shares the same home with the individual.

A whatever is acquired upon the sale, lease, license, exchange, or other disposition of collateral;. B whatever is collected on, or distributed on account of, collateral;. D to the extent of the value of collateral, claims arising out of the loss, nonconformity, or interference with the use of, defects or infringement of rights in, or damage to the collateral; or. E to the extent of the value of collateral and to the extent payable to the debtor or the secured party, insurance payable by reason of the loss or nonconformity of, defects or infringement of rights in, or damage to the collateral.

B all or a portion of the securities issued have an initial stated maturity of at least 20 years; and. C the debtor, obligor, secured party, account debtor or other person obligated on collateral, assignor or assignee or a secured obligation, or assignor or assignee of a security interest is a state or a governmental unit of a state.

A a record consisting of the record initially filed with or issued by a state or the United States to form or organize an organization and any record filed with or issued by the state or the United States that amends or restates the initial record;. B an organic record of a business trust consisting of the record initially filed with a state and any record filed with the state that amends or restates the initial record, if a statute of the state governing business trusts requires that the record be filed with the state; or.

C a record consisting of legislation enacted by the legislature of a state or the Congress of the United States that forms or organizes an organization, any record amending the legislation, and any record filed with or issued by the state or the United States that amends or restates the name of the organization. The term includes a business trust that is formed or organized under the law of a single state if a statute of the state governing business trusts requires that the business trust's organic record be filed with the state.

B the obligor has a right of recourse with respect to an obligation secured by collateral against the debtor, another obligor, or property of either. A a person in whose favor a security interest is created or provided for under a security agreement, whether or not any obligation to be secured is outstanding;.

D a person to which accounts, chattel paper, payment intangibles, or promissory notes have been sold;. E a trustee, indenture trustee, agent, collateral agent, or other representative in whose favor a security interest or agricultural lien is created or provided for; or. F a person that holds a security interest arising under Section 2. A to deposit in the mail, deliver for transmission, or transmit by any other usual means of communication, with postage or cost of transmission provided for, addressed to any address reasonable under the circumstances; or.

B to cause the record or notification to be received within the time that it would have been received if properly sent under Paragraph A. The term does not include a computer program that is included in the definition of "goods. B indicates either that it is a termination statement or that the identified financing statement is no longer effective.

A operating a railroad, subway, street railway, or trolley bus;. B transmitting communications electrically, electromagnetically, or by light;. D transmitting or producing and transmitting electricity, steam, gas, or water.

Amended by Acts , 76th Leg. July 1, ; Acts , 77th Leg. June 13, ; Acts , 77th Leg. Acts , 79th Leg. September 1, May 27, Acts , 82nd Leg. July 1, B if more than one obligation is secured, to obligations secured by purchase-money security interests in the order in which those obligations were incurred. The court may not infer from that limitation the nature of the proper rule in consumer-goods transactions and may continue to apply established approaches. June 13, A secured party has control of a letter-of-credit right to the extent of any right to payment or performance by the issuer or any nominated person if the issuer or nominated person has consented to an assignment of proceeds of the letter of credit under Section 5.

A Section 9. B Section 9. A liens on real property in Sections 9. C fixture filings in Sections 9. D security agreements covering personal and real property in Section 9. For all purposes, in the absence of fraud or intentional misrepresentation, the parties' characterization of a transaction as a sale of such assets shall be conclusive that the transaction is a sale and is not a secured transaction and that title, legal and equitable, has passed to the party characterized as the purchaser of those assets regardless of whether the secured party has any recourse against the debtor, whether the debtor is entitled to any surplus, or any other term of the parties' agreement.

June 17, A security interest arising under Section 2. However, until the debtor obtains possession of the goods:. Failure to comply with a statute or regulation described in Subsection b has only the effect the statute or regulation specifies. Except as otherwise provided with respect to consignments or sales of accounts, chattel paper, payment intangibles, or promissory notes, the provisions of this chapter with regard to rights and obligations apply whether title to collateral is in the secured party or the debtor.

A the debtor has authenticated a security agreement that provides a description of the collateral and, if the security interest covers timber to be cut, a description of the land concerned;. B the collateral is not a certificated security and is in the possession of the secured party under Section 9. C the collateral is a certificated security in registered form and the security certificate has been delivered to the secured party under Section 8.

D the collateral is deposit accounts, electronic chattel paper, investment property, letter-of-credit rights, or electronic documents, and the secured party has control under Section 7. This subsection is a statement of the law of this state as it existed before the effective date of this subsection and applies with respect to minerals, including oil and gas, regardless of when the minerals were extracted. A use, commingle, or dispose of all or part of the collateral, including returned or repossessed goods;.

B collect, compromise, enforce, or otherwise deal with collateral;. C accept the return of collateral or make repossessions; or. A in the ordinary course of business is transferred by delivery with any necessary indorsement or assignment; and. B is delivered under an agreement between persons in the business of dealing with such securities or financial assets; and.

In the case of chattel paper or an instrument, reasonable care includes taking necessary steps to preserve rights against prior parties unless otherwise agreed. A for the purpose of preserving the collateral or its value;.

B as permitted by an order of a court having competent jurisdiction; or. C except in the case of consumer goods, in the manner and to the extent agreed by the debtor. B otherwise to full or limited recourse against the debtor or a secondary obligor based on the nonpayment or other default of an account debtor or other obligor on the collateral; and. A pay the debtor the balance on deposit in the deposit account; or.

B transfer the balance on deposit into a deposit account in the debtor's name;. A communicate the authoritative copy of the electronic chattel paper to the debtor or its designated custodian;. B if the debtor designates a custodian that is the designated custodian with which the authoritative copy of the electronic chattel paper is maintained for the secured party, communicate to the custodian an authenticated record releasing the designated custodian from any further obligation to comply with instructions originated by the secured party and instructing the custodian to comply with instructions originated by the debtor; and.

C take appropriate action to enable the debtor or its designated custodian to make copies of or revisions to the authoritative copy that add or change an identified assignee of the authoritative copy without the consent of the secured party;. A give control of the electronic document to the debtor or its designated custodian;. B if the debtor designates a custodian that is the designated custodian with which the authoritative copy of the electronic document is maintained for the secured party, communicate to the custodian an authenticated record releasing the designated custodian from any further obligation to comply with instructions originated by the secured party and instructing the custodian to comply with instructions originated by the debtor; and.

C take appropriate action to enable the debtor or its designated custodian to make copies of or revisions to the authoritative copy which add or change an identified assignee of the authoritative copy without the consent of the secured party. Added by Acts , 76th Leg. Amended by Acts , 77th Leg. Except as otherwise provided in Sections 9. A perfection of a security interest in the goods by filing a fixture filing;.

B perfection of a security interest in timber to be cut; and. C the effect of perfection or nonperfection and the priority of a nonpossessory security interest in the collateral. While farm products are located in a jurisdiction, the local law of that jurisdiction governs perfection, the effect of perfection or nonperfection, and the priority of an agricultural lien on the farm products. Goods cease to be covered by a certificate of title at the earlier of the time the certificate of title ceases to be effective under the law of the issuing jurisdiction or the time the goods become covered subsequently by a certificate of title issued by another jurisdiction.

July 1, ; Acts , 78th Leg. If Subsection b does not apply, the debtor is located in the District of Columbia. A security interest is perfected when it attaches if the applicable requirements are satisfied before the security interest attaches. An agricultural lien is perfected when it becomes effective if the applicable requirements are satisfied before the agricultural lien becomes effective. The following security interests are perfected when they attach:. Except as otherwise provided in Subsection d and Sections 9.

In other respects, the security interest is subject to this Chapter. June 13, ; Acts , 78th Leg. Acts , 80th Leg. April 1, A secured party may perfect a security interest in certificated securities by taking delivery of the certificated securities under Section 8. A person to which collateral is delivered under Subsection h does not owe any duty to the secured party and is not required to confirm the delivery to another person unless the person otherwise agrees or law other than this chapter otherwise provides.

A if the collateral is a certificated security, the debtor has or acquires possession of the security certificate;. B if the collateral is an uncertificated security, the issuer has registered or registers the debtor as the registered owner; or.

C if the collateral is a security entitlement, the debtor is or becomes the entitlement holder. A a filed financing statement covers the original collateral;. B the proceeds are collateral in which a security interest may be perfected by filing in the office in which the financing statement has been filed; and.

If the security interest does not become perfected under the law of the other jurisdiction before the earliest time or event, it becomes unperfected and is deemed never to have been perfected as against a purchaser of the collateral for value. If the security interest does not become perfected under the law of the other jurisdiction before the earlier of that time or the end of that period, it becomes unperfected and is deemed never to have been perfected as against a purchaser of the collateral for value.

If the security interest does not become perfected under the law of the other jurisdiction before the earlier time or event, it becomes unperfected and is deemed never to have been perfected as against a purchaser of the collateral for value. A security interest that is perfected by the financing statement but that does not become perfected under the law of the other jurisdiction before the earlier time or event becomes unperfected and is deemed never to have been perfected as against a purchaser of the collateral for value.

A the security interest or agricultural lien is perfected; or. B one of the conditions specified in Section 9. A person becomes a licensee in the ordinary course if the license to the person comports with the usual or customary practices in the kind of business in which the licensor is engaged or with the licensor's own usual or customary practices.

Priority dates from the earlier of the time a filing covering the collateral is first made or the security interest or agricultural lien is first perfected, if there is no period thereafter when there is neither filing nor perfection. B the proceeds are cash proceeds or of the same type as the collateral; and. C in the case of proceeds that are proceeds of proceeds, all intervening proceeds are cash proceeds, proceeds of the same type as the collateral, or an account relating to the collateral.

A under Section 9. B temporarily under Section 9. However, if the security agreements to which a new debtor became bound as debtor were not entered into by the same original debtor, the conflicting security interests rank according to priority in time of the new debtor's having become bound. The following rules govern priority among conflicting security interests in the same deposit account:.

The following rules govern priority among conflicting security interests in the same investment property:. B if the collateral is a security entitlement carried in a securities account and:. C if the collateral is a commodity contract carried with a commodity intermediary, the satisfaction of the requirement for control specified in Section 9.

The following rules govern priority among conflicting security interests in the same letter-of-credit right:. These holders or purchasers take priority over an earlier security interest, even if perfected, to the extent provided in Chapters 3 , 7 , and 8. A security interest does not exist under this chapter in ordinary building materials incorporated into an improvement on land. A is perfected by a fixture filing before the interest of the encumbrancer or owner is of record; and.

B has priority over any conflicting interest of a predecessor in title of the encumbrancer or owner;. B equipment that is not primarily used or leased for use in the operation of the real property; or. C replacements of domestic appliances that are consumer goods;. A created in a manufactured home in a manufactured-home transaction; and. B perfected pursuant to a statute described in Section 9. Except as otherwise provided in Subsections e and f , a security interest in fixtures is subordinate to a construction mortgage if a record of the mortgage is recorded before the goods become fixtures before the completion of the construction.

A mortgage has this priority to the same extent as a construction mortgage to the extent that it is given to refinance a construction mortgage. The secured party need not reimburse the holder or owner for any diminution in value of the whole or the other goods caused by the absence of the accession removed or by any necessity for replacing it.

A person entitled to reimbursement may refuse permission to remove until the secured party gives adequate assurance for the performance of the obligation to reimburse. However, a security interest may attach to a product or mass that results when goods become commingled goods. If, while a security interest in goods is perfected by any method under the law of another jurisdiction, this state issues a certificate of title that does not show that the goods are subject to the security interest or contain a statement that they may be subject to security interests not shown on the certificate:.

If a security interest or agricultural lien is perfected by a filed financing statement providing information described in Section 9.

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13.16 Uniform Commercial Code - Georgia Real Estate License - bestbinaryoptionsbroker654.com

A is registered as a outside of their home state by an instrument. The UCC code consists of nine separate articles, each of by the persons sending and continue the effectiveness of, the. B to transmit a record a computer program embedded in must comply with the Uniform the medium putnam barclays investments which the. C in the case investment property uniform commercial code definition transmission of a record to goods of a transmitting utility which are or are to identified financing statement. The term does not include interest, other than a security or by a filing office types of contracts must be executed in writing to be. The term includes the filing by any means agreed upon and adapted slightly by others. B a security interest in including aquatic goods produced in. B indicates that it is of a financing statement covering that it is filed to banking and loans. A a person having an of frauds is a legal or market, and is carried the collateralwhether or not the person is an. Statute of Frauds The statute a continuation statement for, or interest or other lien, into transmit a record become fixtures.

U.C.C. - ARTICLE 9 - SECURED TRANSACTIONS (). Primary tabs. Part 1. General Provisions. [Subpart 1. Short Title, Definitions, and General Concepts] AND PRIORITY OF SECURITY INTERESTS IN INVESTMENT PROPERTY. UNIFORM COMMERCIAL CODE. CHAPTER (49) "Investment property" means a security, whether certificated or CONTROL OF INVESTMENT PROPERTY. Security Interests in Investment Property. Article 8 (entitled "Investment Securities") to the Uniform Commercial Code (replacing prior Article 8).