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Section 400.9-201 General effectiveness of security agreement.

MO Rev Stat § 400.9-201 (2019) (N/A)
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Effective 01 Jul 2001, see footnote

400.9-201. General effectiveness of security agreement. — (a) Except as otherwise provided in chapter 400, a security agreement is effective according to its terms between the parties, against purchasers of the collateral, and against creditors.

(b) A transaction subject to this article is subject to any applicable rule of law which establishes a different rule for consumers.

(c) In case of conflict between this article and a rule of law, statute, or regulation described in subsection (b), the rule of law, statute, or regulation controls. Failure to comply with a statute or regulation described in subsection (b) has only the effect the statute or regulation specifies.

(d) This article does not:

(1) Validate any rate, charge, agreement, or practice that violates a rule of law, statute, or regulation described in subsection (b); or

(2) Extend the application of the rule of law, statute, or regulation to a transaction not otherwise subject to it.

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(L. 1963 p. 503 § 9-201, A.L. 2001 S.B. 288)

Effective 7-01-01

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Section 400.9-110 Security interests arising under Article 2 or 2A.
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Section 400.9-202 Title to collateral immaterial.