Title 13, COMMERCIAL CODE

(a) General rule; control of electronic copy of record evidencing chattel paper.--A purchaser has control of an authoritative electronic copy of a record evidencing chattel paper if a system employed for evidencing the assignment of interests in the chattel paper reliably establi…

(a) Control under section 8106.--A person has control of a certificated security, an uncertificated security or a security entitlement as provided in section 8106 (relating to control). (b) Control of commodity contract.--A secured party has control of a commodity contract if: (1…

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 5114(c) (relating …

(a) Control under section 12105.--A secured party has control of a controllable electronic record as provided in section 12105 (relating to control of controllable electronic record). (b) Control of controllable account and controllable payment intangible.--A secured party has co…

(a) Sufficiency of description.--Except as otherwise provided in subsections (c), (d) and (e), a description of personal or real property is sufficient, whether or not it is specific, if it reasonably identifies what is described. (b) Examples of reasonable identification.--Excep…

(a) General scope of division.--Except as otherwise provided in subsections (c) and (d), this division applies to: (1) a transaction, regardless of its form, which creates a security interest in personal property or fixtures by contract; (2) an agricultural lien; (3) a sale of ac…

A security interest arising under section 2401 (relating to passing of title; reservation for security; limited application of section), 2505 (relating to shipment by seller under reservation), 2711(c) (relating to security interest of buyer in rejected goods) or 2A508(e) (relati…