Title 62A, Title 62A UNIFORM COMMERCIAL CODE
14 chapters · 656 sections in this title.
RCW 62A.9A-621 Notification of proposal to accept collateral.
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(a) Persons to which proposal to be sent. A secured party that desires to accept collateral in full or partial satisfaction of the obligation it secures shall send its proposal to:(1) Any other secured party or lienholder that, 10 days before the debtor consented to the acceptanc…
RCW 62A.9A-622 Effect of acceptance of collateral.
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(a) Effect of acceptance. A secured party's acceptance of collateral in full or partial satisfaction of the obligation it secures:(1) Discharges the obligation to the extent consented to by the debtor;(2) Transfers to the secured party all of a debtor's rights in the collateral;(…
RCW 62A.9A-623 Right to redeem collateral.
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(a) Persons that may redeem. A debtor, any secondary obligor, or any other secured party or lienholder may redeem collateral.(b) Requirements for redemption. To redeem collateral, a person shall tender:(1) Fulfillment of all obligations secured by the collateral; and(2) The reaso…
RCW 62A.9A-624 Waiver.
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(a) Waiver of disposition notification. A debtor may waive the right to notification of disposition of collateral under RCW 62A.9A-611 only by an agreement to that effect entered into and signed after default.(b) Waiver of mandatory disposition. A debtor may waive the right to re…
RCW 62A.9A-625 Remedies for secured party's failure to comply with Article.
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(a) Judicial orders concerning noncompliance. If it is established that a secured party is not proceeding in accordance with this Article, a court may order or restrain collection, enforcement, or disposition of collateral on appropriate terms and conditions.(b) Damages for nonco…
RCW 62A.9A-626 Action in which deficiency or surplus is in issue.
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(a) Applicable rules if amount of deficiency or surplus in issue. In an action arising from a transaction in which the amount of a deficiency or surplus is in issue, the following rules apply:(1) A secured party need not prove compliance with the provisions of this part relating …
RCW 62A.9A-627 Determination of whether conduct was commercially reasonable.
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(a) Greater amount obtainable under other circumstances; no preclusion of commercial reasonableness. The fact that a greater amount could have been obtained by a collection, enforcement, disposition, or acceptance at a different time or in a different method from that selected by…
RCW 62A.9A-628 Nonliability and limitation on liability of secured party; liability of secondary obligor.
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(a) Limitation of liability of secured party for noncompliance with article. Subject to subsection (f) of this section, unless a secured party knows that a person is a debtor or obligor, knows the identity of the person, and knows how to communicate with the person:(1) The secure…
RCW 62A.9A-701 Effective date—2000 c 250.
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This act takes effect July 1, 2001.[2000 c 250 s 9A-701.]
RCW 62A.9A-702 Savings clause.
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(a) Preeffective-date transactions or liens. Except as otherwise provided in this section, Article 62A.9A RCW applies to a transaction or lien within its scope, even if the transaction or lien was entered into or created before July 1, 2001.(b) Continuing validity. Except as othe…
RCW 62A.9A-703 Security interest perfected before effective date.
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(a) Continuing priority over lien creditor: Perfection requirements satisfied. A security interest that is enforceable immediately before July 1, 2001, and would have priority over the rights of a person that becomes a lien creditor at that time is a perfected security interest u…
RCW 62A.9A-704 Security interest unperfected before effective date.
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A security interest that is enforceable immediately before July 1, 2001, but which would be subordinate to the rights of a person that becomes a lien creditor at that time:(1) Remains an enforceable security interest for one year after July 1, 2001;(2) Remains enforceable thereaf…
RCW 62A.9A-705 Effectiveness of action taken before effective date.
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(a) Preeffective-date action; one-year perfection period unless reperfected. If action, other than the filing of a financing statement, is taken before July 1, 2001, and the action would have resulted in priority of a security interest over the rights of a person that becomes a l…
RCW 62A.9A-706 When initial financing statement suffices to continue effectiveness of financing statement.
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(a) Initial financing statement in lieu of continuation statement. The filing of an initial financing statement in the office specified in RCW 62A.9A-501 continues the effectiveness of a financing statement filed before July 1, 2001, if:(1) The filing of an initial financing stat…
RCW 62A.9A-707 Amendment of preeffective-date financing statement.
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(a) Preeffective-date financing statement. In this section, "preeffective-date financing statement" means a financing statement filed before July 1, 2001.(b) Applicable law. On or after July 1, 2001, a person may add or delete collateral covered by, continue or terminate the effe…
RCW 62A.9A-708 Persons entitled to file initial financing statement or continuation statement.
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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:(A) To continue the effectiveness of a financing statement filed before July 1, 20…
RCW 62A.9A-709 Priority.
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(a) Law governing priority. Article 62A.9A RCW determines the priority of conflicting claims to collateral. However, if the relative priorities of the claims were established before July 1, 2001, *Article 62A.9 RCW determines priority.(b) Priority if security interest becomes enf…
RCW 62A.9A-803 Security interest perfected before effective date.
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(a) Continuing perfection: Perfection requirements satisfied. A security interest that is a perfected security interest immediately before July 1, 2013, is a perfected security interest under chapter 62A.9A RCW if, on July 1, 2013, the applicable requirements for attachment and p…
RCW 62A.9A-804 Security interest unperfected before effective date.
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A security interest that is an unperfected security interest immediately before July 1, 2013, becomes a perfected security interest:(a) Without further action, on July 1, 2013, if the applicable requirements for perfection under chapter 62A.9A RCW are satisfied before or at that …
RCW 62A.9A-805 Effectiveness of action taken before effective date.
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(a) Preeffective date filing effective. The filing of a financing statement before July 1, 2013, is effective to perfect a security interest to the extent the filing would satisfy the applicable requirements for perfection under chapter 62A.9A RCW as of July 1, 2013.(b) When pree…
RCW 62A.9A-806 When initial financing statement suffices to continue effectiveness of financing statement.
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(a) Initial financing statement in lieu of continuation statement. The filing of an initial financing statement in the office specified in RCW 62A.9A-501 continues the effectiveness of a financing statement filed before July 1, 2013, if:(1) The filing of an initial financing stat…
RCW 62A.9A-807 Amendment of preeffective date financing statement.
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(a) "Preeffective date financing statement." For the purposes of this section, "preeffective date financing statement" means a financing statement filed before July 1, 2013.(b) Applicable law. After July 1, 2013, a person may add or delete collateral covered by, continue or termi…
RCW 62A.9A-808 Person entitled to file initial financing statement or continuation statement.
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A person may file an initial financing statement or a continuation statement under this part if:(a) The secured party of record authorizes the filing; and(b) The filing is necessary under this part:(1) To continue the effectiveness of a financing statement filed before July 1, 20…
RCW 62A.9A-809 Priority.
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Chapter 74, Laws of 2011 determines the priority of conflicting claims to collateral. However, if the relative priorities of the claims were established before July 1, 2013, chapter 62A.9A RCW as it existed before July 1, 2013, determines priority.[ 2011 c 74 s 608.]Notes:Applica…
RCW 62A.10-101 Effective date—1965 ex.s. c 157.
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This Title shall become effective at midnight on June 30, 1967. It applies to transactions entered into and events occurring after that date.[1965 ex.s. c 157 s 10-101.]
RCW 62A.10-102 Specific repealer; provision for transition.
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(1) The following acts and all other acts and parts of acts inconsistent herewith are hereby repealed:(a)(i) RCW 22.04.010 through 22.04.610;(ii) RCW 23.80.010 through 23.80.250;(iii) RCW 30.16.020, 30.16.030, 30.16.040 and 30.16.050;(iv) RCW 30.40.030, 30.40.040 and 30.40.050;(v…
RCW 62A.10-103 General repealer.
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Except as provided in the following section, all acts and parts of acts inconsistent with this Title are hereby repealed.[1965 ex.s. c 157 s 10-103.]
RCW 62A.11-101 Effective date—1981 c 41.
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This act shall take effect at midnight on June 30, 1982.[ 1981 c 41 s 47.]
RCW 62A.11-102 Preservation of old transition provisions.
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The provisions of Article 10 shall continue to apply to the Uniform Commercial Code as amended by chapter 41, Laws of 1981 and for this purpose the Uniform Commercial Code before midnight June 30, 1982 and the Uniform Commercial Code as amended by chapter 41, Laws of 1981 shall b…
RCW 62A.11-103 Transition to the Uniform Commercial Code as amended by chapter 41, Laws of 1981; general rule.
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Transactions validly entered into after June 30, 1967 and before midnight June 30, 1982, and which were subject to the provisions of the Uniform Commercial Code as it existed before midnight June 30, 1982 and which would be subject to the Uniform Commercial Code as amended if the…
RCW 62A.11-104 Transition provision on change of requirement of filing.
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A security interest for the perfection of which filing or the taking of possession was required under the Uniform Commercial Code as it existed before midnight June 30, 1982 and which attached prior to midnight June 30, 1982 but was not perfected shall be deemed perfected on midn…
RCW 62A.11-105 Transition provision on change of place of filing.
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(1) A financing statement or continuation statement filed prior to midnight June 30, 1982 which shall not have lapsed prior to midnight June 30, 1982, shall remain effective for the period provided in the Uniform Commercial Code as it existed before midnight June 30, 1982, but no…
RCW 62A.11-106 Required refilings.
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(1) If a security interest is perfected or has priority on midnight June 30, 1982, as to all persons or as to certain persons without any filing or recording, and if the filing of a financing statement would be required for the perfection or priority of the security interest agai…
RCW 62A.11-107 Transition provisions as to priorities.
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Except as otherwise provided in this article, the Uniform Commercial Code as it existed before midnight June 30, 1982 shall apply to any questions of priority if the positions of the parties were fixed prior to midnight June 30, 1982. In other cases questions of priority shall be…
RCW 62A.11-108 Presumption that rule of law continues unchanged.
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Unless a change in law has clearly been made, the provisions of the Uniform Commercial Code as amended by chapter 41, Laws of 1981 shall be deemed declaratory of the meaning of the Uniform Commercial Code as it existed before midnight June 30, 1982.[ 1981 c 41 s 44.]Notes:Effecti…
RCW 62A.11-109 Effective financing statement; certificate by county auditor.
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From and after midnight June 30, 1982, upon request of any person, the county auditor shall issue his or her certificate showing whether there is on file with the county auditor's office on the date and hour stated therein, any presently effective financing statement filed with t…
RCW 62A.11-110 Effective date—1993 c 230.
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This act shall take effect July 1, 1994.[1993 c 230 s 2A-605.]
RCW 62A.11-111 Recovery of attorneys' fees.
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No provision in this act changes or modifies existing common law or other law of Washington state concerning the recovery of attorneys' fees.[ 1993 c 229 s 119.]
RCW 62A.11-112 Effective date—1993 c 229.
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This act shall take effect July 1, 1994.[ 1993 c 229 s 120.]
RCW 62A.11-113 Effective date—1995 c 48.
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This act is necessary for the immediate preservation of the public peace, health, or safety, or support of the state government and its existing public institutions, and shall take effect July 1, 1995.[ 1995 c 48 s 72.]Notes:Savings—1995 c 48: See RCW 62A.8-601.
RCW 62A.12-101 Short title.
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This Article may be cited as uniform commercial code—controllable electronic records.[ 2023 c 266 s 1001.]Notes:Construction—2023 c 266: "Nothing in this act may be construed to support, endorse, create, or implement a national digital currency." [ 2023 c 266 s 1201.]Effective da…
RCW 62A.12-102 Definitions.
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(a) Article 12 definitions. In this Article:(1) "Controllable electronic record" means a record stored in an electronic medium that can be subjected to control under RCW 62A.12-105. The term does not include a controllable account, a controllable payment intangible, a deposit acc…
RCW 62A.12-103 Relation to Article 9 and consumer laws.
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(a) Article 9A governs in case of conflict. If there is conflict between this Article and Article 9A of this title, Article 9A of this title governs.(b) Applicable consumer law and other laws. A transaction subject to this Article is subject to any applicable rule of law that est…
RCW 62A.12-104 Rights in controllable account, controllable electronic record, and controllable payment intangible.
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(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)…
RCW 62A.12-105 Control of controllable electronic record.
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(a) General rule: Control of controllable electronic record. 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) Give…
RCW 62A.12-106 Discharge of account debtor on controllable account or controllable payment intangible.
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(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 payme…
RCW 62A.12-107 Governing law.
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(a) Governing law: General rule. Except as provided in subsection (b) of this section, the local law of a controllable electronic record's jurisdiction governs a matter covered by this Article.(b) Governing law: RCW 62A.12-106. For a controllable electronic record that evidences …
RCW 62A.12A-101 Short title.
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This Article may be cited as transitional provisions for Uniform Commercial Code Amendments (2022).[ 2023 c 266 s 1101.]Notes:Construction—Effective date—2023 c 266: See notes following RCW 62A.12-101.
RCW 62A.12A-102 Definitions.
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(a) Article A Definitions. In this Article:(1) "Adjustment date" means July 1, 2025, or the date that is one year after January 1, 2024, whichever is later.(2) "Article 12" means Article 12 of this title.(3) "Article 12 property" means a controllable account, controllable electro…
RCW 62A.12A-201 Saving clause.
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Except as provided in RCW 62A.12A-301 through 62A.12A-306, a transaction validly entered into before January 1, 2024, and the rights, duties, and interests flowing from the transaction remain valid thereafter and may be terminated, completed, consummated, or enforced as required …