Missouri Revisor of Statutes - Revised Statutes of Missouri, RSMo Chapter 400

Title XXVI TRADE AND COMMERCE

Chapter 400 Uniform Commercial Code ✹⚿

	ARTICLE 1. GENERAL PROVISIONS Part 1. General Provisions
400.1-101	Short titles. (8/28/2017)
400.1-102	Scope of article. (8/28/2017)
400.1-103	Construction of code to promote its purpose and policies — applicability of ... (8/28/2017)
400.1-104	Construction against implicit repeal. (8/28/1963)
400.1-105	Severability. (8/28/2017)
400.1-106	Use of singular and plural — gender. (8/28/2017)
400.1-107	Section captions. (8/28/2017)
400.1-108	Relation to Electronic Signatures in Global and National Commerce Act. (8/28/2017)
	Part 2. General Definitions and Principles of Interpretation
400.1-201	General definitions. (8/28/2017)
400.1-202	Notice — knowledge. (8/28/2017)
400.1-203	Lease distinguished from security interest. (8/28/2017)
400.1-204	Value. (8/28/2017)
400.1-205	Reasonable time — seasonableness. (8/28/2017)
400.1-206	Presumptions. (8/28/2017)
	Part 3. Territorial Applicability and General Rules
400.1-301	Territorial applicability — parties' power to choose applicable law. (8/28/2017)
400.1-302	Variation by agreement. (8/28/2017)
400.1-303	Course of performance, course of dealing, and usage of trade. (8/28/2017)
400.1-304	Obligation of good faith. (8/28/2017)
400.1-305	Remedies to be liberally administered. (8/28/2017)
400.1-306	Waiver of renunciation of claim of right after breach. (8/28/2017)
400.1-307	Prima facie evidence of third-party documents. (8/28/2017)
400.1-308	Performance or acceptance under reservation of rights. (8/28/2017)
400.1-309	Option to accelerate at will. (8/28/2017)
400.1-310	Subordinated obligations. (8/28/2017)
	ARTICLE 2. SALES Part 1. Short Title, General Construction and Subject Matter
400.2-101	Short title. (8/28/1963)
400.2-102	Scope — certain security and other transactions excluded from this article. (8/28/1963)
400.2-103	Definitions and index of definitions. (7/1/2001)
400.2-104	Definitions — "merchant" — "between merchants" — "financing agency". (8/28/1963)
400.2-105	Definitions — transferability — "goods" — "future" goods — "lot" — ... (8/28/1963)
400.2-106	Definitions — "contract" — "agreement" — "contract for sale" — "sale" — ... (8/28/1963)
400.2-107	Goods to be severed from realty — recording. (1/1/1989)
	Part 2. Form, Formation and Readjustment of Contract
400.2-201	Formal requirements — statute of frauds. (8/28/1963)
400.2-202	Final written expression — parol or extrinsic evidence. (8/28/1963)
400.2-203	Seals inoperative. (8/28/1963)
400.2-204	Formation in general. (8/28/1963)
400.2-205	Firm offers. (8/28/1963)
400.2-206	Offer and acceptance in formation of contract. (8/28/1963)
400.2-207	Additional terms in acceptance or confirmation. (8/28/1963)
400.2-208	Course of performance or practical construction. (8/28/1963)
400.2-209	Modification, rescission and waiver. (8/28/1963)
400.2-210	Delegation of performance — assignment of rights. (7/1/2001)
	Part 3. General Obligation and Construction of Contract
400.2-301	General obligations of parties. (8/28/1963)
400.2-302	Unconscionable contract or clause. (8/28/1963)
400.2-303	Allocation or division of risks. (8/28/1963)
400.2-304	Price payable in money, goods, realty, or otherwise. (8/28/1963)
400.2-305	Open price term. (8/28/1963)
400.2-306	Output, requirements and exclusive dealings. (8/28/1963)
400.2-307	Delivery in single lot or several lots. (8/28/1963)
400.2-308	Absence of specified place for delivery. (8/28/1963)
400.2-309	Absence of specific time provisions — notice of termination. (8/28/1963)
400.2-310	Open time for payment or running of credit — authority to ship under ... (8/28/1963)
400.2-311	Options and cooperation respecting performance. (8/28/1963)
400.2-312	Warranty of title and against infringement — buyer's obligation against ... (8/28/1963)
400.2-313	Express warranties by affirmation, promise, description, sample. (8/28/1963)
400.2-314	Implied warranty — merchantability — usage of trade. (8/28/1963)
400.2-315	Implied warranty — fitness for particular purpose. (8/28/1963)
400.2-316	Exclusion or modification of warranties — livestock warranties of fitness ... (8/28/1980)
400.2-317	Cumulation and conflict of warranties express or implied. (8/28/1963)
400.2-318	Third party beneficiaries of warranties express or implied. (8/28/1963)
400.2-319	F.O.B. and F.A.S. terms. (8/28/1963)
400.2-320	C.I.F. and C.&F. terms. (8/28/1963)
400.2-321	C.I.F. or C.&F. — "net landed weights" — payment on arrival — warranty of ... (8/28/1965)
400.2-322	Delivery "ex-ship". (8/28/1963)
400.2-323	Form of bill of lading required in overseas shipment — "overseas". (8/28/1963)
400.2-324	"No arrival, no sale" term. (8/28/1963)
400.2-325	"Letter of credit" term — "confirmed credit". (8/28/1963)
400.2-326	Sale on approval and sale or return — rights of creditors. (7/1/2001)
400.2-327	Special incidents of sale on approval and sale or return. (8/28/1963)
400.2-328	Sale by auction. (8/28/1963)
	Part 4. Title, Creditors and Good Faith Purchasers
400.2-401	Passing of title — reservation for security — limited application of this ... (7/1/2001)
400.2-402	Rights of seller's creditors against sold goods. (8/28/1963)
400.2-403	Power to transfer — good faith purchase of goods — "entrusting". (8/28/1963)
	Part 5. Performance
400.2-501	Insurable interest in goods — manner of identification of goods. (8/28/1963)
400.2-502	Buyer's right to goods on seller's repudiation, failure to deliver, or ... (7/1/2001)
400.2-503	Manner of seller's tender of delivery. (8/28/1963)
400.2-504	Shipment by seller. (8/28/1963)
400.2-505	Seller's shipment under reservation. (8/28/1963)
400.2-506	Rights of financing agency. (8/28/1963)
400.2-507	Effect of seller's tender — delivery on condition. (8/28/1963)
400.2-508	Cure by seller of improper tender or delivery — replacement. (8/28/1963)
400.2-509	Risk of loss in the absence of breach. (8/28/1963)
400.2-510	Effect of breach on risk of loss. (8/28/1963)
400.2-511	Tender of payment by buyer — payment by check. (8/28/1992)
400.2-512	Payment by buyer before inspection. (8/28/1997)
400.2-513	Buyer's right to inspection of goods. (8/28/1963)
400.2-514	When documents deliverable on acceptance — when on payment. (8/28/1963)
400.2-515	Preserving evidence of goods in dispute. (8/28/1963)
	Part 6. Breach, Repudiation and Excuse
400.2-601	Buyer's rights on improper delivery. (8/28/1963)
400.2-602	Manner and effect of rightful rejection. (8/28/1963)
400.2-603	Merchant buyer's duties as to rightfully rejected goods. (8/28/1963)
400.2-604	Buyer's options as to salvage of rightfully rejected goods. (8/28/1963)
400.2-605	Waiver of buyer's objections by failure to particularize. (8/28/1963)
400.2-606	What constitutes acceptance of goods. (8/28/1963)
400.2-607	Effect of acceptance — notice of breach — burden of establishing breach ... (8/28/1963)
400.2-608	Revocation of acceptance in whole or in part. (8/28/1963)
400.2-609	Right to adequate assurance of performance. (8/28/1963)
400.2-610	Anticipatory repudiation. (8/28/1963)
400.2-611	Retraction of anticipatory repudiation. (8/28/1963)
400.2-612	"Installment contract" — breach. (8/28/1963)
400.2-613	Casualty to identified goods. (8/28/1963)
400.2-614	Substituted performance. (8/28/1963)
400.2-615	Excuse by failure of presupposed conditions. (8/28/1963)
400.2-616	Procedure on notice claiming excuse. (8/28/1963)
	Part 7. Remedies
400.2-701	Remedies for breach of collateral contracts not impaired. (8/28/1963)
400.2-702	Seller's remedies on discovery of buyer's insolvency. (8/28/1963)
400.2-703	Seller's remedies in general. (8/28/1963)
400.2-704	Seller's right to identify goods to the contract not withstanding breach or ... (8/28/1963)
400.2-705	Seller's stoppage of delivery in transit or otherwise. (8/28/1963)
400.2-706	Seller's resale including contract for resale. (8/28/1963)
400.2-707	"Person in the position of a seller". (8/28/1963)
400.2-708	Seller's damages for nonacceptance or repudiation. (8/28/1963)
400.2-709	Action for the price. (8/28/1963)
400.2-710	Seller's incidental damages. (8/28/1963)
400.2-711	Buyer's remedies in general — buyer's security interest in rejected goods. (8/28/1963)
400.2-712	"Cover" — buyer's procurement of substitute goods. (8/28/1963)
400.2-713	Buyer's damages for nondelivery or repudiation. (8/28/1963)
400.2-714	Buyer's damages for breach in regard to accepted goods. (8/28/1963)
400.2-715	Buyer's incidental and consequential damages. (8/28/1963)
400.2-716	Buyer's right to specific performance or replevin. (7/1/2001)
400.2-717	Deduction of damages from the price. (8/28/1963)
400.2-718	Liquidation or limitation of damages — deposits. (8/28/1963)
400.2-719	Contractual modification or limitation of remedy. (8/28/1963)
400.2-720	Effect of "cancellation" or "rescission" on claims for antecedent breach. (8/28/1963)
400.2-721	Remedies for fraud. (8/28/1963)
400.2-722	Who can sue third parties for injury to goods. (8/28/1963)
400.2-723	Proof of market price — time and place. (8/28/1963)
400.2-724	Admissibility of market quotations. (8/28/1963)
400.2-725	Statute of limitations in contracts for sale. (8/28/1963)
	ARTICLE 2A. LEASES Part 1. General Provisions
400.2A-101	Short title. (8/28/1992)
400.2A-102	Scope. (8/28/1992)
400.2A-103	Definitions and index of definitions. (8/28/2014)
400.2A-104	Leases subject to other law. (8/28/1992)
400.2A-105	Territorial application of article to goods covered by certificate of title. (8/28/1992)
400.2A-106	Limitation on power of parties to consumer lease to choose applicable law ... (8/28/1992)
400.2A-107	Waiver or renunciation of claim or right after death. (8/28/1992)
400.2A-108	Unconscionability. (8/28/1992)
400.2A-109	Option to accelerate at will. (8/28/1992)
	Part 2. Formation and Construction of Lease Contract
400.2A-201	Statute of frauds. (8/28/1992)
400.2A-202	Final written expression — parol or extrinsic evidence. (8/28/1992)
400.2A-203	Seals inoperative. (8/28/1992)
400.2A-204	Formation in general. (8/28/1992)
400.2A-205	Firm offers. (8/28/1992)
400.2A-206	Offer and acceptance in formation of lease contract. (8/28/1992)
400.2A-207	Course of performance or practical construction. (8/28/1992)
400.2A-208	Modification, rescission and waiver. (8/28/1992)
400.2A-209	Lessee under finance lease as beneficiary of supply contract. (8/28/1992)
400.2A-210	Express warranties. (8/28/1992)
400.2A-211	Warranties against interference and against infringement — lessee's ... (8/28/1992)
400.2A-212	Implied warranty of merchantability. (8/28/1992)
400.2A-213	Implied warranty of fitness for particular purpose. (8/28/1992)
400.2A-214	Exclusion or modification of warranties. (8/28/1992)
400.2A-215	Cumulation and conflict of warranties express or implied. (8/28/1992)
400.2A-216	Third-party beneficiaries of express and implied warranties. (8/28/1992)
400.2A-217	Identification. (8/28/1992)
400.2A-218	Insurance and proceeds. (8/28/1992)
400.2A-219	Risk of loss. (8/28/1992)
400.2A-220	Effect of default on risk of loss. (8/28/1992)
400.2A-221	Casualty to identified goods. (8/28/1992)
	Part 3. Effect of Lease Contract
400.2A-301	Enforceability of lease contract. (8/28/1992)
400.2A-302	Title to and possession of goods. (8/28/1992)
400.2A-303	Alienability of party's interest under lease contract or of lessor's ... (7/1/2001)
400.2A-304	Subsequent lease of goods by lessor. (8/28/1992)
400.2A-305	Sale or sublease of goods by lessee. (8/28/1992)
400.2A-306	Priority of certain liens arising by operation of law. (8/28/1992)
400.2A-307	Priority of liens arising by attachment or levy on — security interest in — ... (7/1/2001)
400.2A-308	Special rights of creditors. (8/28/1992)
400.2A-309	Lessor's and lessee's rights when goods become fixtures. (7/1/2001)
400.2A-310	Lessor's and lessee's rights when goods become accessions. (8/28/1992)
400.2A-311	Priority subject to subordination. (8/28/1992)
	Part 4. Performance of Lease Contract — Repudiated, Substituted and Excused
400.2A-401	Insecurity — adequate assurance of performance. (8/28/1992)
400.2A-402	Anticipatory repudiation. (8/28/1992)
400.2A-403	Retraction of anticipatory repudiation. (8/28/1992)
400.2A-404	Substituted performance. (8/28/1992)
400.2A-405	Excused performance. (8/28/1992)
400.2A-406	Procedure on excused performance. (8/28/1992)
400.2A-407	Irrevocable promises — finance leases. (8/28/1992)
	Part 5. Default_A. In General
400.2A-501	Default — procedure. (8/28/1992)
400.2A-502	Notice after default. (8/28/1992)
400.2A-503	Modification or impairment of rights and remedies. (8/28/1992)
400.2A-504	Liquidation of damages. (8/28/1992)
400.2A-505	Cancellation and termination and effect of cancellation, termination, ... (8/28/1992)
400.2A-506	Statute of limitations. (8/28/1992)
400.2A-507	Proof of market rent — time and place. (8/28/1992)
	B. Default by Lessor
400.2A-508	Lessee's remedies. (8/28/1992)
400.2A-509	Lessee's rights on improper delivery — rightful rejection. (8/28/1992)
400.2A-510	Installment lease contracts — rejection and default. (8/28/1992)
400.2A-511	Merchant lessee's duties as to rightfully rejected goods. (8/28/1992)
400.2A-512	Lessee's duties as to rightfully rejected goods. (8/28/1992)
400.2A-513	Cure by lessor of improper tender or delivery — replacement. (8/28/1992)
400.2A-514	Waiver of lessee's objections. (8/28/1992)
400.2A-515	Acceptance of goods. (8/28/1992)
400.2A-516	Effect of acceptance of goods — notice of default — burden of establishing ... (8/28/1992)
400.2A-517	Revocation of acceptance of goods. (8/28/1992)
400.2A-518	Cover — substitute goods. (8/28/1992)
400.2A-519	Lessee's damages for nondelivery, repudiation, default, and breach of ... (8/28/1992)
400.2A-520	Lessee's incidental and consequential damages. (8/28/1992)
400.2A-521	Lessee's right to specific performance or replevin. (8/28/1992)
400.2A-522	Lessee's right to goods on lessor's insolvency. (8/28/1992)
	C. Default by Lessee
400.2A-523	Lessor's remedies. (8/28/1992)
400.2A-524	Lessor's right to identify goods to lease contract. (8/28/1992)
400.2A-525	Lessor's right to possession of goods. (8/28/1992)
400.2A-526	Lessor's stoppage of delivery in transit or otherwise. (8/28/1992)
400.2A-527	Lessor's rights to dispose of goods. (8/28/1992)
400.2A-528	Lessor's damages for nonacceptance or repudiation. (8/28/1992)
400.2A-529	Lessor's action for the rent. (8/28/1992)
400.2A-530	Lessor's incidental damages. (8/28/1992)
400.2A-531	Standing to sue third parties for injury to goods. (8/28/1992)
400.2A-532	Lessor's rights to residual interest. (8/28/1992)
	REVISED ARTICLE 3. NEGOTIABLE INSTRUMENTS Part 1. General Provisions and Definitions
400.3-101	Short title. (8/28/1992)
400.3-102	Subject matter. (8/28/1992)
400.3-103	Definitions. (8/28/2005)
400.3-104	Negotiable instruments. (8/28/2005)
400.3-105	Issue of instrument. (8/28/1992)
400.3-106	Unconditional promise or order. (8/28/1992)
400.3-107	Instrument payable in foreign money. (8/28/1992)
400.3-108	Payable on demand or at definite time. (8/28/1992)
400.3-109	Payable to bearer or to order. (8/28/1992)
400.3-110	Identification of person to whom instrument is payable. (8/28/1992)
400.3-111	Place of payment. (8/28/1992)
400.3-112	Interest. (8/28/1992)
400.3-113	Date of instrument. (8/28/1992)
400.3-114	Contradictory terms of instrument. (8/28/1992)
400.3-115	Incomplete instrument. (8/28/1992)
400.3-116	Joint and several liability — contribution. (8/28/1992)
400.3-117	Other agreements affecting instrument. (8/28/1992)
400.3-118	Statute of limitations. (8/28/1997)
400.3-119	Notice of right to defend action. (8/28/1992)
	Part 2. Negotiation, Transfer and Indorsement
400.3-201	Negotiation. (8/28/1992)
400.3-202	Negotiation subject to rescission. (8/28/1992)
400.3-203	Transfer of instrument — right acquired by transfer. (8/28/1992)
400.3-204	Endorsement. (8/28/1992)
400.3-205	Special endorsement — blank endorsement — anomalous endorsement. (8/28/1992)
400.3-206	Restrictive endorsement. (8/28/1992)
400.3-207	Reacquisition. (8/28/1992)
	Part 3. Enforcement of Instruments
400.3-301	Person entitled to enforce instrument. (8/28/1992)
400.3-302	Holder in due course. (8/28/1992)
400.3-303	Value and consideration. (8/28/1992)
400.3-304	Overdue instrument. (8/28/1992)
400.3-305	Defenses and claims in recoupment. (8/28/1992)
400.3-306	Claims to an instrument. (8/28/1992)
400.3-307	Notice of breach of fiduciary duty. (8/28/1994)
400.3-308	Proof of signature and status as holder in due course. (8/28/1992)
400.3-309	Enforcement of lost, destroyed, or stolen instrument. (8/28/2021)
400.3-310	Effect of instrument on obligation for which taken. (8/28/1992)
400.3-311	Accord and satisfaction by use of instrument. (8/28/1992)
400.3-312	Lost, destroyed or stolen cashier's check, teller's check or certified check. (8/28/2000)
	Part 4. Liability of Parties
400.3-401	Signature. (8/28/1992)
400.3-402	Signature by representative. (8/28/1992)
400.3-403	Unauthorized signature. (8/28/1992)
400.3-404	Impostors — fictitious payees. (8/28/1992)
400.3-405	Employer's responsibility for fraudulent endorsement by employee. (8/28/1992)
400.3-406	Negligence contributing to forged signature or alteration of instrument. (8/28/1992)
400.3-407	Alteration. (8/28/1992)
400.3-408	Drawee not liable on unaccepted draft. (8/28/1992)
400.3-409	Acceptance of draft — certified check. (8/28/1992)
400.3-410	Acceptance varying draft. (8/28/1992)
400.3-411	Refusal to pay cashier's checks, teller's checks, and certified checks. (8/28/1992)
400.3-412	Obligation of issuer of note or cashier's check. (8/28/1992)
400.3-413	Obligation of acceptor. (8/28/1992)
400.3-414	Obligation of drawer. (8/28/1992)
400.3-415	Obligation of endorser. (8/28/1992)
400.3-416	Transfer warranties. (8/28/2005)
400.3-417	Presentment warranties. (8/28/2005)
400.3-418	Payment or acceptance by mistake. (8/28/1992)
400.3-419	Instrument signed for accommodation. (8/28/1992)
400.3-420	Conversion of instrument. (8/28/1992)
	Part 5. Dishonor
400.3-501	Presentment. (8/28/1992)
400.3-502	Dishonor. (8/28/1992)
400.3-503	Notice of dishonor. (8/28/1992)
400.3-504	Excused presentment and notice of dishonor. (8/28/1992)
400.3-505	Evidence of dishonor. (8/28/1992)
	Part 6. Discharge and Payment
400.3-601	Discharge and effect of discharge. (8/28/1992)
400.3-602	Payment. (8/28/1992)
400.3-603	Tender of payment. (8/28/1992)
400.3-604	Discharge by cancellation or renunciation. (8/28/1992)
400.3-605	Discharge of endorsers and accommodation parties. (8/28/1992)
	ARTICLE 4. BANK DEPOSITS AND COLLECTIONS Part 1. General Provisions and Definitions
400.4-101	Short title. (8/28/1992)
400.4-102	Applicability. (8/28/1992)
400.4-103	Variation by agreement — measure of damages — action constituting ordinary care. (8/28/1992)
400.4-104	Definitions and index of definitions. (8/28/1997)
400.4-105	Bank — depositary bank — payor bank — intermediary bank — collecting bank — ... (8/28/1992)
400.4-106	Payable through or payable at bank — collecting bank. (8/28/1992)
400.4-107	Separate office of bank. (8/28/1992)
400.4-108	Time of receipt of items. (8/28/1992)
400.4-109	Delays. (8/28/1992)
400.4-110	Electronic presentment. (8/28/1992)
400.4-111	Statute of limitations. (8/28/1997)
	Part 2. Collection of Items — Depositary and Collecting Banks
400.4-201	Status of collecting bank as agent and provisional status of credits — ... (8/28/1992)
400.4-202	Responsibility for collection or return — when action timely. (8/28/1992)
400.4-203	Effect of instructions. (8/28/1992)
400.4-204	Methods of sending and presenting — sending directly to payor bank. (8/28/1992)
400.4-205	Depositary bank holder of unendorsed item. (8/28/1992)
400.4-206	Transfer between banks. (8/28/1992)
400.4-207	Transfer warranties. (8/28/2005)
400.4-208	Presentment warranties. (8/28/2005)
400.4-209	Encoding and retention warranties. (8/28/1992)
400.4-210	Security interest of collecting bank in items, accompanying documents and ... (7/1/2001)
400.4-211	When bank gives value for purposes of holder in due course. (8/28/1992)
400.4-212	Presentment by notice of item not payable by, through, or at bank — ... (8/28/1992)
400.4-213	Medium and time of settlement by bank. (8/28/1992)
400.4-214	Right of charge-back or refund — liability of collecting bank — return of item. (8/28/1992)
400.4-215	Final payment of item by payor bank — when provisional debits and credits ... (8/28/1992)
400.4-216	Insolvency and preference. (8/28/1992)
	Part 3. Collection of Items — Payor Banks
400.4-301	Deferred posting — recovery of payment by return of items — time of ... (8/28/1992)
400.4-302	Payor bank's responsibility for late return of item. (8/28/1992)
400.4-303	When item subject to notice, stop-payment order — legal process or setoff — ... (8/28/1992)
	Part 4. Relationship Between Payor Bank and Its Customer
400.4-401	When bank may charge customer's account. (8/28/1994)
400.4-402	Bank's liability to customer for wrongful dishonor — time of determining ... (8/28/1992)
400.4-403	Customer's right to stop payment — burden of proof of loss. (8/28/1992)
400.4-404	Bank not obligated to pay check more than six months old. (8/28/1992)
400.4-405	Death or incompetence of customer. (8/28/1992)
400.4-406	Customer's duty to discover and report unauthorized signature or alteration. (8/28/1992)
400.4-407	Payor bank's right to subrogation or improper payment. (8/28/1992)
	Part 5. Collection of Documentary Drafts
400.4-501	Handling of documentary drafts — duty to send for presentment and to notify ... (8/28/1992)
400.4-502	Presentment of "on arrival" drafts. (8/28/1992)
400.4-503	Responsibility of presenting bank for documents and goods — report of ... (8/28/1992)
400.4-504	Privilege of presenting bank to deal with goods — security interest for ... (8/28/1992)
	ARTICLE 4A. FUNDS TRANSFERS Part 1. Subject Matter and Definitions
400.4A-101	Short title. (8/28/1992)
400.4A-102	Subject matter. (8/28/1992)
400.4A-103	Payment order — definitions. (8/28/1992)
400.4A-104	Funds transfer — definitions. (8/28/1992)
400.4A-105	Other definitions. (8/28/1994)
400.4A-106	Time payment order is received. (8/28/1992)
400.4A-107	Federal Reserve regulations and operating circulars. (8/28/1992)
400.4A-108	Exclusion of consumer transactions governed by federal law. (8/28/2013)
	Part 2. Issue and Acceptance of Payment Order
400.4A-201	Security procedure. (8/28/1992)
400.4A-202	Authorized and verified payment orders. (8/28/1992)
400.4A-203	Unenforceability of certain verified payment orders. (8/28/1992)
400.4A-204	Refund of payment and duty of customer to report with respect to ... (8/28/1992)
400.4A-205	Erroneous payment orders. (8/28/1992)
400.4A-206	Transmission of payment order through funds — transfer or other ... (8/28/1992)
400.4A-207	Misdescription of beneficiary. (8/28/1992)
400.4A-208	Misdescription of intermediary bank or beneficiary's bank. (8/28/1992)
400.4A-209	Acceptance of payment order. (8/28/1992)
400.4A-210	Rejection of payment order. (8/28/1992)
400.4A-211	Cancellation and amendment of payment order. (8/28/1992)
400.4A-212	Liability and duty of receiving bank regarding unaccepted payment order. (8/28/1992)
	Part 3. Execution of Sender's Payment Order by Receiving Bank
400.4A-301	Execution and execution date. (8/28/1992)
400.4A-302	Obligations of receiving bank in execution of payment order. (8/28/1992)
400.4A-303	Erroneous execution of payment order. (8/28/1992)
400.4A-304	Duty of sender to report erroneously executed payment order. (8/28/1992)
400.4A-305	Liability for late or improper execution or failure to execute payment order. (8/28/1992)
	Part 4. Payment
400.4A-401	Payment date. (8/28/1992)
400.4A-402	Obligation of sender to pay receiving bank. (8/28/1992)
400.4A-403	Payment by sender to receiving bank. (8/28/1992)
400.4A-404	Obligation of beneficiary's bank to pay and give notice to beneficiary. (8/28/1992)
400.4A-405	Payment by beneficiary's bank to beneficiary. (8/28/1992)
400.4A-406	Payment by originator to beneficiary — discharge of underlying obligation. (8/28/1992)
	Part 5. Miscellaneous Provisions
400.4A-501	Variation by agreement and effect of funds — transfer system rule. (8/28/1992)
400.4A-502	Creditor process served on receiving bank — setoff by beneficiary's bank. (8/28/1992)
400.4A-503	Injunction or restraining order with respect to funds transfer. (8/28/1992)
400.4A-504	Order in which items and payment orders may be charged to account — order ... (8/28/1992)
400.4A-505	Preclusion of objection to debt of customer's account. (8/28/1992)
400.4A-506	Rate of interest. (8/28/1992)
400.4A-507	Choice of law. (8/28/1992)
	ARTICLE 5. LETTERS OF CREDIT
400.5-101	Short title. (8/28/1963)
400.5-102	Definitions. (8/28/1997)
400.5-103	Scope. (8/28/1997)
400.5-104	Formal requirements. (8/28/1997)
400.5-105	Consideration. (8/28/1997)
400.5-106	Issuance, amendment, cancellation and duration. (8/28/1997)
400.5-107	Confirmer, nominated person and adviser. (8/28/1997)
400.5-108	Issuer's rights and obligations. (8/28/1997)
400.5-109	Fraud and forgery. (8/28/1997)
400.5-110	Warranties. (8/28/1997)
400.5-111	Remedies and damages for wrongful dishonor or breach of obligation. (8/28/1997)
400.5-112	Transfer of letter of credit. (8/28/1997)
400.5-113	Successor of beneficiary, rights. (8/28/1997)
400.5-114	Proceeds of letter of credit, definition, assignment. (8/28/1997)
400.5-115	Statute of limitations. (8/28/1997)
400.5-116	Choice of law and forum. (8/28/1997)
400.5-117	Subrogation of issuer, applicant and nominated person. (8/28/1997)
400.5-118	Security interest in a document. (7/1/2001)
	ARTICLE 7. DOCUMENTS OF TITLE Part 1. General
400.7-101	Short title. (8/28/1963)
400.7-102	Definitions and index of definitions. (8/28/2017)
400.7-103	Relation of article to treaty, statute, tariff, classification or regulation. (8/28/2017)
400.7-104	Negotiable and nonnegotiable warehouse receipt, bill of lading or other ... (8/28/2017)
400.7-105	Requests for issuance of tangible or electronic documents of title, effect. (8/28/2017)
400.7-106	Control of electronic document of title. (8/28/2017)
	Part 2. Warehouse Receipts — Special Provisions
400.7-201	Who may issue a warehouse receipt — storage under government bond. (8/28/2017)
400.7-202	Form of warehouse receipt — essential terms — optional terms. (8/28/2017)
400.7-203	Liability for nonreceipt or misdescription. (8/28/2017)
400.7-204	Duty of care — contractual limitation of warehouseman's liability. (8/28/2017)
400.7-205	Title under warehouse receipt defeated in certain cases. (8/28/2017)
400.7-206	Termination of storage at warehouseman's option. (8/28/2017)
400.7-207	Goods must be kept separate — fungible goods. (8/28/2017)
400.7-208	Altered warehouse receipts. (8/28/2017)
400.7-209	Lien of warehouse. (8/28/2017)
400.7-210	Enforcement of warehouse's lien. (8/28/2017)
	Part 3. Bills of Lading — Special Provisions
400.7-301	Liability for nonreceipt or misdescription — "said to contain" — "shipper's ... (8/28/2017)
400.7-302	Through bills of lading and similar documents. (8/28/2017)
400.7-303	Diversion — reconsignment — change of instructions. (8/28/2017)
400.7-304	Bills of lading in a set. (8/28/2017)
400.7-305	Destination bills. (8/28/2017)
400.7-306	Altered bills of lading. (8/28/1963)
400.7-307	Lien of carrier. (8/28/2017)
400.7-308	Enforcement of carrier's lien. (8/28/2017)
400.7-309	Duty of care — contractual limitation of carrier's liability. (8/28/2017)
	Part 4. Warehouse Receipts and Bills of Lading — General Obligations
400.7-401	Irregularities in issue of receipt or bill or conduct of issuer. (8/28/2017)
400.7-402	Duplicate receipt or bill — overissue. (8/28/2017)
400.7-403	Obligation of warehouse or carrier to deliver — excuse. (8/28/2017)
400.7-404	No liability for good faith delivery pursuant to receipt or bill. (8/28/2017)
	Part 5. Warehouse Receipts and Bills of Lading — Negotiation and Transfer
400.7-501	Form of negotiation and requirements of "due negotiation". (8/28/2017)
400.7-502	Rights acquired by due negotiation. (8/28/2017)
400.7-503	Document of title to goods defeated in certain cases. (8/28/2017)
400.7-504	Rights acquired in the absence of due negotiation — effect of diversion — ... (8/28/2017)
400.7-505	Indorser not a guarantor for other parties. (8/28/2017)
400.7-506	Delivery without indorsement — right to compel indorsement. (8/28/2017)
400.7-507	Warranties on negotiation or transfer of receipt or bill. (8/28/2017)
400.7-508	Warranties of collecting bank as to documents. (8/28/2017)
400.7-509	Receipt or bill — when adequate compliance with commercial contract. (8/28/2017)
	Part 6. Warehouse Receipts and Bills of Lading — Miscellaneous Provisions
400.7-601	Lost and missing documents. (8/28/2017)
400.7-602	Attachment of goods covered by a negotiable document. (8/28/2017)
400.7-603	Conflicting claims — interpleader. (8/28/2017)
	Part 7. Transition Provisions
400.7-703	Applicability (8/28/2017)
400.7-704	Savings clause. (8/28/2017)
	ARTICLE 8. INVESTMENT SECURITIES Part 1. Short Title and General Matters
400.8-101	Short title. (8/28/1963)
400.8-102	Definitions. (8/28/1997)
400.8-103	Rules for determining whether certain obligations and interests are ... (7/1/2001)
400.8-104	Acquisition of security or financial asset or interest therein. (8/28/1997)
400.8-105	Notice of adverse claim. (8/28/1997)
400.8-106	Control. (7/1/2001)
400.8-107	Indorsement, instruction or entitlement order — effective, when. (8/28/1997)
400.8-108	Warranties in direct holding. (8/28/1997)
400.8-109	Warranties in indirect holding. (8/28/1997)
400.8-110	Applicability; choice of law. (7/1/2001)
400.8-111	Clearing corporation rules. (8/28/1997)
400.8-112	Creditor's legal process. (8/28/1997)
400.8-113	Statute of frauds inapplicable. (8/28/1997)
400.8-114	Evidentiary rules concerning certificated securities. (8/28/1997)
400.8-115	Securities intermediary and others not liable to adverse claimant. (8/28/1997)
400.8-116	Securities intermediary as purchaser for value. (8/28/1997)
400.8-117	Deposit of securities. (8/28/1997)
	Part 2. Issue — Issuer
400.8-201	Issuer. (8/28/1997)
400.8-202	Issuer's responsibility and defenses — notice of defect or defense. (8/28/1997)
400.8-203	Staleness as notice of defects or defenses. (8/28/1997)
400.8-204	Effect of issuer's restriction on transfer. (8/28/1997)
400.8-205	Effect of unauthorized signature on security certificate. (8/28/1997)
400.8-206	Completion or alteration of security certificate. (8/28/1997)
400.8-207	Rights and duties of issuer with respect to registered owners. (8/28/1997)
400.8-208	Effect of signature of authenticating trustee, registrar or transfer agent. (8/28/1997)
400.8-209	Issuer's lien. (8/28/1997)
400.8-210	Overissue, definition. (8/28/1997)
	Part 3. Transfer of Certificated and Uncertificated Securities
400.8-301	Delivery. (7/1/2001)
400.8-302	Rights of purchaser. (7/1/2001)
400.8-303	Protected purchaser. (8/28/1997)
400.8-304	Indorsement. (8/28/1997)
400.8-305	Instruction. (8/28/1997)
400.8-306	Effect of guaranteeing signature, indorsement or instruction. (8/28/1997)
400.8-307	Purchaser's right to requisites for registration of transfer. (8/28/1997)
	Part 4. Registration
400.8-401	Duty of issuer to register transfer. (8/28/1997)
400.8-402	Assurance that endorsement and instructions are effective. (8/28/1997)
400.8-403	Demand that issuer not register transfer. (8/28/1997)
400.8-404	Wrongful registration. (8/28/1997)
400.8-405	Replacement of lost, destroyed or wrongfully taken security certificates. (8/28/1997)
400.8-406	Obligation to notify issuer of lost, destroyed or wrongfully taken security ... (8/28/1997)
400.8-407	Authenticating trustee, transfer agent and registrar. (8/28/1997)
	Part 5. Security Entitlements
400.8-501	Securities account — acquisition of security entitlement from securities ... (8/28/1997)
400.8-502	Assertion of adverse claim against entitlement holder. (8/28/1997)
400.8-503	Property interest of entitlement holder in financial asset held by ... (8/28/1997)
400.8-504	Duty of securities intermediary to maintain financial asset. (8/28/1997)
400.8-505	Duty of securities intermediary with respect to payments and distributions. (8/28/1997)
400.8-506	Duty of securities intermediary to exercise rights as directed by ... (8/28/1997)
400.8-507	Duty of securities intermediary to comply with entitlement order. (8/28/1997)
400.8-508	Duty of securities intermediary to change entitlement holder's position to ... (8/28/1997)
400.8-509	Specification of duties of securities intermediary by other statute or ... (8/28/1997)
400.8-510	Rights of purchaser of security entitlement from entitlement holder. (7/1/2001)
400.8-511	Priority among security interests and entitlement holders. (8/28/1997)
	Part 6. Amendments to Article
400.8-601	Effect of amendments to article 8. (8/28/1998)
	ARTICLE 9. SECURED TRANSACTIONS Part 1. General Provisions
400.9-101	Short title. (7/1/2001)
400.9-102	Definitions and index of definitions. (8/28/2014)
400.9-103	Purchase-money security interest — application of payments — burden of ... (7/1/2001)
400.9-104	Control of deposit account. (7/1/2001)
400.9-105	Control of electronic chattel paper. (8/28/2014)
400.9-106	Control of investment property. (7/1/2001)
400.9-107	Control of letter-of-credit right. (7/1/2001)
400.9-108	Sufficiency of description. (7/1/2001)
400.9-109	Scope. (8/28/2021)
400.9-110	Security interests arising under Article 2 or 2A. (7/1/2001)
	Part 2. Effectiveness of Security Agreement; Attachment of Security Interest; Rights of Parties to Security Agreement
400.9-201	General effectiveness of security agreement. (7/1/2001)
400.9-202	Title to collateral immaterial. (7/1/2001)
400.9-203	Attachment and enforceability of security interest — proceeds — supporting ... (7/1/2001)
400.9-204	After-acquired property — future advances. (7/1/2001)
400.9-205	Use or disposition of collateral permissible. (7/1/2001)
400.9-206	Security interest arising in purchase or delivery of financial asset. (7/1/2001)
400.9-207	Rights and duties of secured party having possession or control of collateral. (7/1/2001)
400.9-208	Additional duties of secured party having control of collateral. (7/1/2001)
400.9-209	Duties of secured party if account of debtor has been notified of assignment. (7/1/2001)
400.9-210	Request for accounting — request regarding list of collateral or statement ... (7/1/2001)
	Part 3. Perfection and Priority
400.9-301	Law governing perfection and priority of security interests. (7/1/2001)
400.9-302	Law governing perfection and priority of agricultural liens. (7/1/2001)
400.9-303	Law governing perfection and priority of security interests in goods ... (3/1/2011)
400.9-304	Law governing perfection and priority of security interests in deposit ... (7/1/2001)
400.9-305	Law governing perfection and priority of security interests in investment ... (7/1/2001)
400.9-306	Law governing perfection and priority of security interests in ... (7/1/2001)
400.9-307	Location of debtor. (8/28/2013)
400.9-308	When security interests or agricultural lien is perfected — continuity of ... (7/1/2001)
400.9-309	Security interest perfected upon attachment. (7/1/2001)
400.9-310	When filing required to perfect security interest or agricultural lien — ... (7/1/2001)
400.9-311	Perfection of security interests in property subject to certain statutes, ... (8/28/2014)
400.9-312	Perfection of security interests in chattel paper, deposit accounts, ... (7/1/2001)
400.9-313	When possession by or delivery to secured party perfects security interest ... (7/1/2001)
400.9-314	Perfection by control. (7/1/2001)
400.9-315	Secured party's rights on disposition of collateral and in proceeds. (7/1/2001)
400.9-316	Effect of change in governing law. (8/28/2013)
400.9-317	Interests that take priority over or take free of security interest or ... (8/28/2014)
400.9-318	No interest retained in right to payment that is sold — rights and title of ... (7/1/2001)
400.9-319	Rights and title of consignee with respect to creditors and purchasers. (7/1/2001)
400.9-320	Buyer of goods. (7/1/2001)
400.9-321	Licensee of general intangible and lessee of goods in ordinary course of ... (7/1/2001)
400.9-322	Priorities among conflicting security interests in and agricultural liens ... (7/1/2001)
400.9-323	Future advances. (8/28/2002)
400.9-324	Priority of purchase-money security interests. (7/1/2001)
400.9-325	Priority in security interests in transferred collateral. (7/1/2001)
400.9-326	Priority of security interests created by new debtor. (8/28/2014)
400.9-327	Priority of secured interests in deposit account. (7/1/2001)
400.9-328	Priority in security interests in investment property. (7/1/2001)
400.9-329	Priority of security interests in letter-of-credit right. (7/1/2001)
400.9-330	Priority of purchaser of chattel paper or instrument. (7/1/2001)
400.9-331	Priority of rights of purchasers of instruments, documents, and securities ... (7/1/2001)
400.9-332	Transfer of money — transfer of funds from deposit account. (7/1/2001)
400.9-333	Priority of certain liens arising by operation of law. (7/1/2001)
400.9-334	Priority of security interests in fixtures and crops. (7/1/2001)
400.9-335	Accessions. (7/1/2001)
400.9-336	Commingled goods. (7/1/2001)
400.9-337	Priority of security interests in goods covered by certificate of title. (7/1/2001)
400.9-338	Priority of security interest or agricultural lien perfected by filed ... (7/1/2001)
400.9-339	Priority subject to subordination. (7/1/2001)
400.9-340	Effectiveness of right of recoupment or set-off against deposit account. (7/1/2001)
400.9-341	Bank's rights and duties with respect to deposit account. (7/1/2001)
400.9-342	Bank's right to refuse to enter into or disclose existence of control ... (7/1/2001)
	Part 4. Rights of Third Parties
400.9-401	Alienability of debtor's rights. (7/1/2001)
400.9-402	Secured party not obligated on contract of debtor or in tort. (7/1/2001)
400.9-403	Agreement not to assert defenses against assignee. (7/1/2001)
400.9-404	Rights acquired by assignee — claims and defenses against assignee. (7/1/2001)
400.9-405	Modification of assigned contract. (7/1/2001)
400.9-406	Discharge of account debtor — notification of assignment — identification ... (8/28/2013)
400.9-407	Restrictions on creation or enforcement of security interest in leasehold ... (8/28/2002)
400.9-408	Restrictions on assignment of promissory notes, health care insurance ... (8/28/2013)
400.9-409	Restrictions on assignment of letter-of-credit rights ineffective. (8/28/2002)
	Part 5. Filing
400.9-501	Filing office. (8/28/2018)
400.9-502	Contents of financing statement — record of mortgage as financing statement ... (8/28/2013)
400.9-503	Name of debtor and secured party. (8/28/2014)
400.9-504	Indication of collateral. (8/28/2002)
400.9-505	Filing and compliance with other statutes and treaties for consignments, ... (7/1/2001)
400.9-506	Effect of errors or omissions. (7/1/2001)
400.9-507	Effect of certain events on effectiveness of financing statement. (8/28/2014)
400.9-508	Effectiveness of financing statement if new debtor becomes bound by ... (7/1/2001)
400.9-509	Persons entitled to file a record. (8/28/2002)
400.9-510	Effectiveness of filed record. (7/1/2001)
400.9-511	Secured party of record. (7/1/2001)
400.9-512	Amendment of financing statement. (7/1/2001)
400.9-513	Termination statement. (8/28/2002)
400.9-514	Assignment of powers of secured party of record. (7/1/2001)
400.9-515	Duration and effectiveness of financing statement — effect of lapsed ... (8/28/2013)
400.9-516	What constitutes filing — effectiveness of filing. (8/28/2014)
400.9-517	Effect of indexing errors. (7/1/2001)
400.9-518	Claim concerning inaccurate or wrongfully filed record. (8/28/2013)
400.9-519	Numbering, maintaining, and indexing records — communicating information ... (7/1/2001)
400.9-520	Acceptance and refusal to accept record. (7/1/2001)
400.9-521	Uniform form of written financing statement and amendment. (7/1/2001)
400.9-522	Maintenance and destruction of records. (7/1/2001)
400.9-523	Information from filing office — sale or license of records. (7/1/2001)
400.9-524	Delay by filing office. (7/1/2001)
400.9-525	Fees. (9/1/2003)
400.9-526	Filing office rules. (7/1/2001)
400.9-527	Duty to report. (7/1/2001)
400.9-528	Additional fee — expiration date. (8/28/2020)
	Part 6. Default
400.9-601	Rights after default — judicial enforcement — consignor or buyer of ... (7/1/2001)
400.9-602	Waiver of variance of rights and duties. (8/28/2002)
400.9-603	Agreement on standards concerning rights and duties. (7/1/2001)
400.9-604	Procedure if security agreement covers real property or fixtures. (7/1/2001)
400.9-605	Unknown debtor or secondary obligor. (7/1/2001)
400.9-606	Time of default for agricultural lien. (7/1/2001)
400.9-607	Collection and enforcement by secured party. (8/28/2014)
400.9-608	Application of proceeds of collection or enforcement — liability for ... (8/28/2002)
400.9-609	Secured party's right to take possession after default. (7/1/2001)
400.9-610	Disposition of collateral after default. (7/1/2001)
400.9-611	Notification before disposition of collateral. (8/28/2002)
400.9-612	Timeliness of notification before disposition of collateral. (7/1/2001)
400.9-613	Contents and form of notification before disposition of collateral: general. (8/28/2002)
400.9-614	Contents and form of notification before disposition of collateral: ... (7/1/2001)
400.9-615	Application of proceeds of disposition — liability for deficiency and right ... (8/28/2002)
400.9-616	Explanation of calculation of surplus or deficiency. (7/1/2001)
400.9-617	Rights of transferee of collateral. (7/1/2001)
400.9-618	Rights and duties of certain secondary obligors. (7/1/2001)
400.9-619	Transfer of record or legal title. (7/1/2001)
400.9-620	Acceptance of collateral in full or partial satisfaction of obligation — ... (7/1/2001)
400.9-621	Notification of proposal to accept collateral. (7/1/2001)
400.9-622	Effect of acceptance of collateral. (7/1/2001)
400.9-623	Right to redeem collateral. (7/1/2001)
400.9-624	Waiver. (7/1/2001)
400.9-625	Remedies for secured party's failure to comply with article. (8/28/2002)
400.9-626	Action in which deficiency or surplus is in issue. (7/1/2001)
400.9-627	Determination of whether conduct was commercially reasonable. (7/1/2001)
400.9-628	Nonliability and limitation on liability of secured party — liability of ... (7/1/2001)
	Part 7. Transition
400.9-701	Definition of this act. (7/1/2001)
400.9-702	Savings clause. (7/1/2001)
400.9-703	Security interest perfected before effective date. (7/1/2001)
400.9-704	Security interest unperfected before effective date. (7/1/2001)
400.9-705	Effectiveness of action taken before effective date. (7/1/2001)
400.9-706	When initial financing statement suffices to continue effectiveness of ... (7/1/2001)
400.9-707	Amendment of pre-effective-date financing statement. (7/1/2001)
400.9-708	Persons entitled to file initial financing statement or continuation statement. (7/1/2001)
400.9-709	Priority. (7/1/2001)
400.9-710	Local filing office to maintain former article 9 records. (8/28/2002)
	Part 8. Transition Provisions for 2010 Amendments
400.9-801	This act reference. (8/28/2013)
400.9-802	Savings clause. (8/28/2014)
400.9-803	Security interest perfected before effective date. (8/28/2013)
400.9-804	Security interest unperfected before effective date. (8/28/2013)
400.9-805	Effectiveness of action taken before effective date. (8/28/2014)
400.9-806	When initial financing statement suffices to continue effectiveness of ... (8/28/2014)
400.9-807	Amendment of pre-effective-date financing statement. (8/28/2013)
400.9-808	Person entitled to file initial financing statement or continuation statement. (8/28/2013)
400.9-809	Priority. (8/28/2013)
	ARTICLE 10. OTHER PROVISIONS
400.10-101	Provision for transition. (8/28/1965)
400.10-102	Laws not repealed. (8/28/1965)
	ARTICLE 11. TRANSITION PROVISIONS
400.11-103	General rule, transactions before and after code changes. (1/1/1989)
400.11-104	Requirement of filing, transitional provision. (1/1/1989)
400.11-105	Place of filing, transitional provision. (1/1/1989)
400.11-106	Required refilings. (1/1/1989)
400.11-107	Priorities, transitional provision. (1/1/1989)
400.11-108	Interpretation of chapter. (1/1/1989)

- Cross References
	Mortgage or deed of trust securing payment of bonds issued by interstate gas pipeline company or public utility, filing in office of secretary of state, 443.451
	Public utility, gas pipeline company, mortgage or deed of trust securing payment of bonds, filing in office of secretary of state, 443.451
	Uniform electronic transactions act, 432.200 to 432.295

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31 Oct 2025 00:57


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