Title 13 — Uniform Commercial Code
10 chapters · 414 sections in this title.
13 GCA § 9407.3 Originals Returned
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Upon recording the financing statement or other related papers, the originals or copy of the same shall be returned to the parties entitled thereto.
13 GCA § 9408 Financing Statement by Consignor--Terms
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A consignor or lessor of goods may file a financing statement using the terms Aconsignor,@ consignee,@ lessor,@ Alessee@ or the like instead of the terms specified in Section 9402. The provisions of this part shall apply as appropriate to such a financing statement but its filing…
13 GCA § 9501 Default; Procedure When Security Agreement Covers both
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Real and Personal Property. (1) When a debtor is in default under a security agreement, a secured party has the rights and remedies provided in this chapter and except as limited by subdivision (3) those provided in the security agree- ment. He may reduce his claim to judgment, f…
13 GCA § 9502 Collection Rights of Secured Party
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(1) When so agreed and in any event on default the secured party is entitled to notify an account debtor or the obligor on an instrument to make payment to him whether or not the assignor was theretofore making collections on the collateral, and also to take control of any procee…
13 GCA § 9503 Secured Party's Right to Take Possession After Default
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Unless otherwise agreed a secured party has on default the right to take possession of the collateral. In taking possession a secured party may proceed without judicial process if this can be done without breach of the peace or may proceed by action. If the security agreement so …
13 GCA § 9504 Secured Party's Right to Dispose of Collateral After Default;
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Effect of Disposition. (1) A secured party after default may sell, lease or otherwise dispose of any or all of collateral in its then condition or following any commercially reasonable preparation or processing. Any sale of goods is subject to the division on sales (Division 2). …
13 GCA § 9505 Compulsory Disposition of Collateral; Acceptance of the
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Collateral as Discharge of Obligation. (1) If the debtor has paid 60 percent of the cash price in the case of a purchase money security interest in consumer goods or 60 percent of the loan in the case or another security interest in consumer goods, and has not signed after defaul…
13 GCA § 9506 Debtor's Right to Redeem Collateral
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At any time before the secured party has disposed of collateral or entered into a contract for its disposition under Section 9504 or before the obligation has been discharged under Section 9505(2) the debtor or any other secured party may unless otherwise agreed in writing after …
13 GCA § 9507 Secured Party's Liability for Failure to Comply with This
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Chapter. (1) If it is established that the secured party is not proceeding in accordance with the provisions of this chapter disposition may be ordered or restrained on appropriate terms and conditions. If the disposition has occurred the debtor or any person entitled to notifica…
13 GCA § 9508 Renunciation by Debtor--Basis of Validity
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No renunciation or modification by the debtor of any of his rights under this chapter as to consumer goods shall be valid or enforceable unless the renunciation or modification is in consideration of a waiver by the secured party of any right to a deficiency on the debt. --------…