Title 13, COMMERCIAL CODE

(a) Law governing priority.--Revised Division 9 determines the priority of conflicting claims to collateral. However, if the relative priorities of the claims were established before Revised Division 9 takes effect, Former Division 9 determines priority. (b) Priority if security …

(a) Definitions.--As used in this section, the following words and phrases shall have the meanings given to them in this subsection: "Former Division 9 records." The following records: (1) Financing statements and other records that have been filed in a prothonotary's office purs…

The following words and phrases when used in this chapter shall have the meanings given to them in this section unless the context clearly indicates otherwise: "2013 Revision." The amendments which: (1) affect this division; and (2) are made by the act of June 27, 2013 (P.L.154, …

The 2013 Revision takes effect July 1, 2013.

(a) Pre-effective-date transactions or liens.--Except as otherwise provided in this division, the 2013 Revision applies to a transaction or lien within its scope, even if the transaction or lien was entered into or created before the 2013 Revision takes effect. (b) Pre-effective-…

(a) Continuing perfection; perfection requirements satisfied.--A security interest that is a perfected security interest immediately before the 2013 Revision takes effect is a perfected security interest under this division as amended by the 2013 Revision if, when the 2013 Revisi…

A security interest that is an unperfected security interest immediately before the 2013 Revision takes effect becomes a perfected security interest: (1) without further action when the 2013 Revision takes effect if the applicable requirements for perfection under this division a…

(a) Pre-effective-date filing effective.--The filing of a financing statement before the 2013 Revision takes effect is effective to perfect a security interest to the extent the filing would satisfy the applicable requirements for perfection under this division as amended by the …

(a) Initial financing statement in lieu of continuation statement.--The filing of an initial financing statement in the office specified in section 9501 (relating to filing office) continues the effectiveness of a financing statement filed before the 2013 Revision takes effect if…

(a) Definitions.--Refer to subsection (f). (b) Applicable law.--After the 2013 Revision takes effect, a person may add or delete collateral covered by, continue or terminate the effectiveness of, or otherwise amend the information provided in, a pre-effective-date financing state…

A person may file an initial financing statement or a continuation statement under this part if: (1) the secured party of record authorizes the filing; and (2) the filing is necessary under this part: (i) to continue the effectiveness of a financing statement filed before the 201…

The 2013 Revision determines the priority of conflicting claims to collateral. However, if the relative priorities of the claims were established before the 2013 Revision takes effect, this division as it existed before amendment determines priority.

This division may be cited as the Uniform Commercial Code - Controllable Electronic Records.

(a) Definitions.--In this division: "Controllable electronic record" means a record stored in an electronic medium that can be subjected to control under section 12105 (relating to control of controllable electronic record). The term does not include a controllable account, a con…

(a) Division 9 governs in case of conflict.--If there is conflict between this division and Division 9 (relating to secured transactions), Division 9 governs. (b) Applicable consumer law and other laws.--A transaction subject to this division is subject to any applicable rule of …

(a) Applicability of section to controllable account and controllable payment intangible.--This section applies to the acquisition and purchase of rights in a controllable account or controllable payment intangible, including the rights and benefits under subsections (c), (d), (e…

(a) General rule.--A person has control of a controllable electronic record if the electronic record, a record attached to or logically associated with the electronic record or a system in which the electronic record is recorded: (1) gives the person: (i) power to avail itself of…

(a) Discharge of account debtor.--An account debtor on a controllable account or controllable payment intangible may discharge its obligation by paying: (1) the person having control of the controllable electronic record that evidences the controllable account or controllable pay…

(a) General rule.--Except as provided in subsection (b), the local law of a controllable electronic record's jurisdiction governs a matter covered by this division. (b) Exception.--For a controllable electronic record that evidences a controllable account or controllable payment …

This chapter may be cited as the Transitional Provisions for 2022 Amendments.

(a) Definitions.--In this chapter: "Adjustment date" means July 1, 2025, or the date that is one year after the effective date of this section, whichever is later. "Division 12 property" means a controllable account, controllable electronic record or controllable payment intangib…

Except as provided in Subchapter C (relating to transitional provisions for Divisions 9 and 12), a transaction validly entered into before the effective date of this section and the rights, duties and interests flowing from the transaction remain valid thereafter and may be termi…

(a) Pre-effective-date transaction, lien or interest.--Except as provided in this subchapter, the amendments to Division 9 (relating to secured transactions) that take effect on the effective date of this section and Division 12 (relating to controllable electronic records) apply…

(a) Continuing perfection; perfection requirements satisfied.--A security interest that is enforceable and perfected immediately before the effective date of this section is a perfected security interest under the act adding this chapter if, on the effective date of this section,…

A security interest that is enforceable immediately before the effective date of this section but is unperfected at that time: (1) remains an enforceable security interest until the adjustment date; (2) remains enforceable thereafter if the security interest becomes enforceable u…

(a) Pre-effective-date action; attachment and perfection before adjustment date.--If action, other than the filing of a financing statement, is taken before the effective date of this section and the action would have resulted in perfection of the security interest had the securi…

(a) Determination of priority.--Subject to subsections (b) and (c), the act adding this chapter determines the priority of conflicting claims to collateral. (b) Established priorities.--Subject to subsection (c), if the priorities of claims to collateral were established before t…

(a) Determination of priority.--Subject to subsections (b) and (c), Division 12 (relating to controllable electronic records) determines the priority of conflicting claims to Division 12 property when the priority rules of Division 9 (relating to secured transactions) as amended …