Article 9 of the Uniform Commercial Code

What is Article 9 of the Uniform Commercial Code?

Article 9 governs security interests in personal property as collateral to secure a debt. A creditor with a security interest is called a secured party. Article 9 applies to how a security interest is created, how notice of it is provided, and how to perfect it. Also, it governs priorities of claims and remedies for default.

Further Reading

For more detailed information, see our related Contracts terms:

• Lessor and Lessee
• Specific Performance
• Mailbox Rule
• Uniform Commercial Code
• Financing Statement