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U.S. State Codes
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South-Carolina
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Title 36 - Commercial Code
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Chapter 9 - Commercial Code - Secured Transactions
Chapter 9 - Commercial Code - Secured Transactions
Extra Notes
Section 36-9-101. Short title.
Section 36-9-102. Definitions and index of definitions.
Section 36-9-103. Purchase-money security interest; application of payments; burden of establishing.
Section 36-9-104. Control of deposit account.
Section 36-9-105. Control of electronic chattel paper
Section 36-9-106. Control of investment property.
Section 36-9-107. Control of letter-of-credit right.
Section 36-9-108. Sufficiency of description.
Section 36-9-109. Scope.
Section 36-9-110. Security interests arising under Chapter 2.
Section 36-9-111. UCC lien satisfaction.
Section 36-9-201. General effectiveness of security agreement.
Section 36-9-202. Title to collateral immaterial.
Section 36-9-203. Attachment and enforceability of security interest; proceeds; supporting obligations; formal requisites.
Section 36-9-204. After-acquired property; future advances.
Section 36-9-205. Use or disposition of collateral permissible.
Section 36-9-206. Security interest arising in purchase or delivery of financial asset.
Section 36-9-207. Rights and duties of secured party having possession or control of collateral.
Section 36-9-208. Additional duties of secured party having control of collateral.
Section 36-9-209. Duties of secured party if account debtor has been notified of assignment.
Section 36-9-210. Request for accounting; request regarding list of collateral or statement of account.
Section 36-9-301. Law governing perfection and priority of security interests.
Section 36-9-302. Law governing perfection and priority of agricultural liens.
Section 36-9-303. Law governing perfection and priority of security interests in goods covered by a certificate of title.
Section 36-9-304. Law governing perfection and priority of security interests in deposit accounts.
Section 36-9-305. Law governing perfection and priority of security interests in investment property.
Section 36-9-306. Law governing perfection and priority of security interests in letter-of-credit rights.
Section 36-9-307. Location of debtor
Section 36-9-308. When security interest or agricultural lien is perfected; continuity of perfection.
Section 36-9-309. Security interest perfected upon attachment.
Section 36-9-310. When filing required to perfect security interest or agricultural lien; security interests and agricultural liens to which filing provisions do not apply.
Section 36-9-311. Perfection of security interests in property subject to certain statutes, regulations, and treaties.
Section 36-9-312. Perfection of security interests in chattel paper, deposit accounts, documents, goods covered by documents, instruments, investment property, letter-of-credit rights, and money; perfection by permissive filing; temporary perfection without filing or transfer of possession.
Section 36-9-313. When possession by or delivery to secured party perfects security interest without filing.
Section 36-9-314. Perfection by control.
Section 36-9-315. Secured party ' s rights on disposition of collateral and in proceeds.
Section 36-9-316. Continued perfection of security interest following change in governing law.
Section 36-9-317. Interests that take priority over or take free of security interest or agricultural lien.
Section 36-9-318. No interest retained in right to payment that is sold; rights and title of seller of account or chattel paper with respect to creditors and purchasers.
Section 36-9-319. Rights and title of consignee with respect to creditors and purchasers.
Section 36-9-320. Buyer of goods.
Section 36-9-321. Licensee of general intangible and lessee of goods in ordinary course of business.
Section 36-9-322. Priorities among conflicting security interests in and agricultural liens on same collateral.
Section 36-9-323. Future advances.
Section 36-9-324. Priority of purchase-money security interests.
Section 36-9-325. Priority of security interests in transferred collateral.
Section 36-9-326. Priority of security interests created by new debtor.
Section 36-9-327. Priority of security interests in deposit account.
Section 36-9-328. Priority of security interests in investment property.
Section 36-9-329. Priority of security interests in letter-of-credit right.
Section 36-9-330. Priority of purchaser of chattel paper or instrument.
Section 36-9-331. Priority of rights of purchasers of instruments, documents, and securities under other articles; priority of interests in financial assets and security entitlements under Chapter 8.
Section 36-9-332. Transfer of money; transfer of funds from deposit account.
Section 36-9-333. Priority of certain liens arising by operation of law.
Section 36-9-334. Priority of security interests in fixtures and crops.
Section 36-9-335. Accessions.
Section 36-9-336. Commingled goods.
Section 36-9-337. Priority of security interests in goods covered by certificate of title.
Section 36-9-338. Priority of security interest or agricultural lien perfected by filed financing statement providing certain incorrect information.
Section 36-9-339. Priority subject to subordination.
Section 36-9-340. Effectiveness of right of recoupment or set-off against deposit account.
Section 36-9-341. Bank ' s rights and duties with respect to deposit account.
Section 36-9-342. Bank ' s right to refuse to enter into or disclose existence of control agreement.
Section 36-9-401. Alienability of debtor ' s rights.
Section 36-9-402. Secured party not obligated on contract of debtor or in tort.
Section 36-9-403. Agreement not to assert defenses against assignee.
Section 36-9-404. Rights acquired by assignee; claims and defenses against assignee.
Section 36-9-405. Modification of assigned contract.
Section 36-9-406. Discharge of account debtor; notification of assignment; identification and proof of assignment; restrictions on assignment of accounts, chattel paper, payment intangibles, and promissory notes ineffective.
Section 36-9-407. Restrictions on creation or enforcement of security interest in leasehold interest or in lessor's residual interest.
Section 36-9-408. Restrictions on assignment of promissory notes, health care insurance receivables, and certain general intangibles ineffective.
Section 36-9-409. Restrictions on assignment of letter-of-credit rights ineffective.
Section 36-9-410. Unlawful sale or disposal of personal property subject to security interest; exceptions; penalties.
Section 36-9-501. Filing office.
Section 36-9-502. Contents of financing statement; record of mortgage as financing statement; time of filing financing statement.
Section 36-9-503. Name of debtor and secured party.
Section 36-9-504. Indication of collateral.
Section 36-9-505. Filing and compliance with other statutes and treaties for consignments, leases, other bailments, and other transactions.
Section 36-9-506. Effect of errors or omissions.
Section 36-9-507. Effect of certain events on effectiveness of financing statement.
Section 36-9-508. Effectiveness of financing statement if new debtor becomes bound by security agreement.
Section 36-9-509. Persons entitled to file a record.
Section 36-9-510. Effectiveness of filed record.
Section 36-9-511. Secured party of record.
Section 36-9-512. Amendment of financing statement.
Section 36-9-513. Termination statement.
Section 36-9-514. Assignment of powers of secured party of record.
Section 36-9-515. Duration and effectiveness of financing statement; effect of lapsed financing statement.
Section 36-9-516. What constitutes filing; effectiveness of filing.
Section 36-9-517. Effect of indexing errors.
Section 36-9-518. Claim concerning inaccurate or wrongfully filed record.
Section 36-9-519. Numbering, maintaining, and indexing records; communicating information provided in records.
Section 36-9-520. Acceptance and refusal to accept record.
Section 36-9-521. Uniform form of written financing statement and amendment.
Section 36-9-522. Maintenance and destruction of records.
Section 36-9-523. Information from filing office; sale or license of records.
Section 36-9-524. Delay by filing office.
Section 36-9-525. Fees.
Section 36-9-526. Filing-office rules.
Section 36-9-601. Rights after default; judicial enforcement; consignor or buyer of accounts, chattel paper, payment intangibles, or promissory notes.
Section 36-9-602. Waiver and variance of rights and duties.
Section 36-9-603. Agreement on standards concerning rights and duties.
Section 36-9-604. Procedure if security agreement covers real property or fixtures.
Section 36-9-605. Unknown debtor or secondary obligor.
Section 36-9-606. Time of default for agricultural lien.
Section 36-9-607. Collection and enforcement by secured party.
Section 36-9-608. Application of proceeds of collection or enforcement; liability for deficiency and right to surplus.
Section 36-9-609. Secured party ' s right to take possession after default.
Section 36-9-610. Disposition of collateral after default.
Section 36-9-611. Notification before disposition of collateral.
Section 36-9-612. Timeliness of notification before disposition of collateral.
Section 36-9-613. Contents and form of notification before disposition of collateral: general.
Section 36-9-614. Contents and form of notification before disposition of collateral: consumer-goods transaction.
Section 36-9-615. Application of proceeds of disposition; liability for deficiency and right to surplus.
Section 36-9-616. Explanation of calculation of surplus or deficiency.
Section 36-9-617. Rights of transferee of collateral.
Section 36-9-618. Rights and duties of certain secondary obligors.
Section 36-9-619. Transfer of record or legal title.
Section 36-9-620. Acceptance of collateral in full or partial satisfaction of obligation; compulsory disposition of collateral.
Section 36-9-621. Notification of proposal to accept collateral.
Section 36-9-622. Effect of acceptance of collateral.
Section 36-9-623. Right to redeem collateral.
Section 36-9-624. Waiver.
Section 36-9-625. Remedies for secured party ' s failure to comply with chapter.
Section 36-9-626. Action in which deficiency or surplus is in issue.
Section 36-9-627. Determination of whether conduct was commercially reasonable.
Section 36-9-628. Nonliability and limitation on liability of secured party; liability of secondary obligor.
Section 36-9-629. Disposition of collateral by public sale.
Section 36-9-630. Contents of notice of sale.
Section 36-9-631. Posting and mailing notice of sale.
Section 36-9-632. Exception as to perishable property.
Section 36-9-633. Postponement of public sale.
Section 36-9-634. Procedure upon dissolution of order restraining or enjoining sale.
Section 36-9-635. Disposition of proceeds of sale.
Section 36-9-702. Savings clause.
Section 36-9-703. Security interest perfected before effective date.
Section 36-9-704. Security interest unperfected before effective date.
Section 36-9-705. Effectiveness of action taken before effective date.
Section 36-9-706. When initial financing statement suffices to continue effectiveness of financing statement.
Section 36-9-707. Pre-effective-date financing statement.
Section 36-9-708. Persons entitled to file initial financing statement or continuation statement.
Section 36-9-709. Priority.
Section 36-9-802. Application and effect.
Section 36-9-803. Effect on previously perfected security interests.
Section 36-9-804. Timing of perfection of preexisting security interests.
Section 36-9-805. Effect of previous filing of financing statement.
Section 36-9-806. Filing of initial financing statement; requirements.
Section 36-9-807. Pre-effective-date financing statement defined; addition or deletion of collateral; effect of pre-effective-date financing statement.
Section 36-9-808. Filing of initial financing statement or continuation statement.
Section 36-9-809. Determination of priority.