GENERAL LAWS OF MASSACHUSETTS


CHAPTER 106 — ARTICLE 9. SECURED TRANSACTIONS; SALES OF ACCOUNTS AND CHATTEL PAPER.


PART 1. SHORT TITLE, APPLICABILITY AND DEFINITIONS.

Chapter 106, Section 9--101. Short Title.

Chapter 106, Section 9--102. Policy and Subject Matter of Article.

Chapter 106, Section 9--103. Perfection of Security Interests in Multiple State Transactions.

Chapter 106, Section 9--104. Transactions Excluded From Article.

Chapter 106, Section 9--105. Definitions and Index of Definitions.

Chapter 106, Section 9--106. Definitions: "Account"; "General Intangibles".

Chapter 106, Section 9--107. Definitions: "Purchase Money Security Interest".

Chapter 106, Section 9--108. When After-Acquired Collateral Not Security for Antecedent Debt.

Chapter 106, Section 9--109. Classification of Goods; "Consumer Goods"; "Equipment"; "Farm Products"; "Inventory".

Chapter 106, Section 9--110. Sufficiency of Description.

Chapter 106, Section 9--111. Repealed, 1996, 160, Sec. 5.

Chapter 106, Section 9--112. Where Collateral is Not Owned by Debtor.

Chapter 106, Section 9--113. Security Interests Arising Under Article on Sales or Under Article on Leases.

Chapter 106, Section 9--114. Consignment.

Chapter 106, Section 9--115. Investment Property.

Chapter 106, Section 9--116. Security Interest Arising in Purchase or Delivery of Financial Asset.

PART 2. VALIDITY OF SECURITY AGREEMENT AND RIGHTS OR PARTIES THERETO.

Chapter 106, Section 9--201. General Validity of Security Agreement.

Chapter 106, Section 9--202. Title to Collateral Immaterial.

Chapter 106, Section 9--203. Attachment and Enforceability of Security Interest; Proceeds; Formal Requisites.

Chapter 106, Section 9--204. After-Acquired Property; Future Advances.

Chapter 106, Section 9--205. Use or Disposition of Collateral Without Accounting Permissible.

Chapter 106, Section 9--206. Agreement Not to Assert Defenses Against Assignee; Modification of Sales Warranties Where Security Agreement Exists.

Chapter 106, Section 9--207. Rights and Duties When Collateral is in Secured Party's Possession.

Chapter 106, Section 9--208. Request for Statement of Account or List of Collateral.

PART 3. RIGHTS OF THIRD PARTIES; PERFECTED AND UNPERFECTED SECURITY INTEREST; RULES OF PRIORITY.

Chapter 106, Section 9--301. Persons Who Take Priority Over Unperfected Security Interest; Rights of "Lien Creditor".

Chapter 106, Section 9--302. When Filing Is Required to Perfect Security Interest; Security Interests to Which Filing Provisions of This Article Do Not Apply.

Chapter 106, Section 9--303. When Security Interest Is Perfected; Continuity of Perfection.

Chapter 106, Section 9--304. Perfection of Security Interests in Instruments, Documents, Proceeds of a Written Letter of Credit and Goods Covered by Documents; Perfection by Permissive Filings; Temporary Perfection Without Filing or Transfer of Possession.

Chapter 106, Section 9--305. When Possession by Secured Party Perfects Security Interest Without Filing.

Chapter 106, Section 9--306. "Proceeds"; Secured Party's Rights on Disposition of Collateral.

Chapter 106, Section 9--307. Protection of Buyers of Goods.

Chapter 106, Section 9--308. Purchase of Chattel Paper and Instruments.

Chapter 106, Section 9--309. Protection of Purchasers of Instruments, Documents and Securities.

Chapter 106, Section 9--310. Priority of Certain Liens Arising by Operation of Law.

Chapter 106, Section 9--311. Alienability of Debtor's Rights; Judicial Process.

Chapter 106, Section 9--312. Priorities Among Conflicting Security Interests in the Same Collateral.

Chapter 106, Section 9--313. Priority of Security Interests in Fixtures.

Chapter 106, Section 9--314. Accessions.

Chapter 106, Section 9--315. Priority When Goods are Commingled or Processed.

Chapter 106, Section 9--316. Priority Subject to Subordination.

Chapter 106, Section 9--317. Secured Party Not Obligated on Contract of Debtor.

Chapter 106, Section 9--318. Defenses Against Assignee; Modification of Contract After Notification of Assignment; Term Prohibiting Assignment Ineffective; Identification and Proof of Assignment.

PART 4. FILING.

Chapter 106, Section 9--401. Place of Filing; Erroneous Filing, Removal of Collateral.

Chapter 106, Section 9--402. Formal Requisites of Financing Statement Amendment; Mortgage as Financing Statement.

Chapter 106, Section 9--403. What Constitutes Filing; Duration of Filing; Effect of Lapsed Filing; Duties of Filing Officer.

Chapter 106, Section 9--404. Termination Statement.

Chapter 106, Section 9--405. Assignment of Security Interest; Duties of Filing Officer; Fees.

Chapter 106, Section 9--406. Release of Collateral; Duties of Filing Officer; Fees.

Chapter 106, Section 9--407. Information from Filing Officer.

Chapter 106, Section 9--408. Financing Statements Covering Consigned or Leased Goods.

Chapter 106, Section 9--409. Destruction of Old Records.

Chapter 106, Section 9--410. Special Provisions for Filings as to Fixtures in Registries of Deeds; Duties of Registers of Deeds.

PART 5. DEFAULT.

Chapter 106, Section 9--501. Default; Procedure When Security Agreement Covers Both Real and Personal Property.

Chapter 106, Section 9--502. Collection Rights of Secured Party.

Chapter 106, Section 9--503. Secured Party's Right to Take Possession After Default.

Chapter 106, Section 9--504. Secured Party's Right to Dispose of Collateral After Default; Effect of Disposition.

Chapter 106, Section 9--505. Compulsory Disposition of Collateral; Acceptance of the Collateral as Discharge of Obligation.

Chapter 106, Section 9--506. Debtor's Right to Redeem Collateral.

Chapter 106, Section 9--507. Secured Party's Liability for Failure to Comply With This Part.


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