Title 5 — Uniform Commercial Code
40 chapters · 413 sections in this title.
5 CMC § 9109 Classification of Goods: "Consumer Goods"; "Equipment"; "Farm Products"; "Inventory."
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TITLE 5: UNIFORM COMMERCIAL CODE DIVISION 9: SECURED TRANSACTIONS, ETC. § 9109. Classification of Goods; “Consumer Goods”; “Equipment”; “Farm Products”; “Inventory.” Goods are: (1) “Consumer goods” if they are used or bought for use primarily for personal, family or household pur…
5 CMC § 9110 Sufficiency of Description
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TITLE 5: UNIFORM COMMERCIAL CODE DIVISION 9: SECURED TRANSACTIONS, ETC. § 9110. Sufficiency of Description. For the purposes of this division any description of personal property or real estate is sufficient whether or not it is specific if it reasonably identifies what is descri…
5 CMC § 9111 Applicability of Bulk Transfer Laws
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TITLE 5: UNIFORM COMMERCIAL CODE DIVISION 9: SECURED TRANSACTIONS, ETC. § 9111. Applicability of Bulk Transfer Laws. The creation of a security interest is not a bulk transfer under division 6 of this title (see 5 CMC § 6103). Source: PL 3-56, § 1 (§ 9111).
5 CMC § 9112 Where Collateral Is Not Owned by Debtor
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TITLE 5: UNIFORM COMMERCIAL CODE DIVISION 9: SECURED TRANSACTIONS, ETC. § 9112. Where Collateral Is Not Owned by Debtor. Unless otherwise agreed, when a secured party knows that collateral is owned by a person who is not the debtor, the owner of the collateral is entitled to rece…
5 CMC § 9113 Security Interests Arising Under Division on Sales
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TITLE 5: UNIFORM COMMERCIAL CODE DIVISION 9: SECURED TRANSACTIONS, ETC. § 9113. Security Interests Arising Under Division on Sales. A security interest arising solely under the division on sales (division 2 of this title [5 CMC § 2101 et seq.]) is subject to the provisions of thi…
5 CMC § 9114 Consignment
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TITLE 5: UNIFORM COMMERCIAL CODE DIVISION 9: SECURED TRANSACTIONS, ETC. § 9114. Consignment. (1) A person who delivers goods under a consignment which is not a security interest and who would be required to file under this division by 5 CMC § 2326(3)(c) has priority over a secure…