Article

Secured Transactions

N.C. Gen. Stat. § 25-9-101— Short title
N.C. Gen. Stat. § 25-9-102— Definitions and index of definitions
N.C. Gen. Stat. § 25-9-103— Purchase-money security interest; application of payments; burden of establishing
N.C. Gen. Stat. § 25-9-103.1— Production-money crops; production-money obligation; production-money security interest; burden of establishing
N.C. Gen. Stat. § 25-9-104— Control of deposit account
N.C. Gen. Stat. § 25-9-105— Control of electronic copy of record evidencing chattel paper
N.C. Gen. Stat. § 25-9-105.1— Control of electronic money
N.C. Gen. Stat. § 25-9-106— Control of investment property
N.C. Gen. Stat. § 25-9-107— Control of letter-of-credit right
N.C. Gen. Stat. § 25-9-107.1— Control of controllable electronic record, controllable account, or controllable payment intangible
N.C. Gen. Stat. § 25-9-107.2— No requirement to acknowledge or confirm; no duties
N.C. Gen. Stat. § 25-9-108— Sufficiency of description
N.C. Gen. Stat. § 25-9-109— Scope
N.C. Gen. Stat. § 25-9-110— Security interests arising under Article 2 or 2A of this Chapter
N.C. Gen. Stat. § 25-9-201— General effectiveness of security agreement
N.C. Gen. Stat. § 25-9-202— Title to collateral immaterial
N.C. Gen. Stat. § 25-9-203— Attachment and enforceability of security interest; proceeds; supporting obligations; formal requisites
N.C. Gen. Stat. § 25-9-204— After-acquired property; future advances
N.C. Gen. Stat. § 25-9-205— Use or disposition of collateral permissible
N.C. Gen. Stat. § 25-9-206— Security interest arising in purchase or delivery of financial asset
N.C. Gen. Stat. § 25-9-207— Rights and duties of secured party having possession or control of collateral
N.C. Gen. Stat. § 25-9-208— Additional duties of secured party having control of collateral
N.C. Gen. Stat. § 25-9-209— Duties of secured party if account debtor has been notified of assignment
N.C. Gen. Stat. § 25-9-210— Request for accounting; request regarding list of collateral or statement of account
N.C. Gen. Stat. § 25-9-301— Law governing perfection and priority of security interests
N.C. Gen. Stat. § 25-9-302— Law governing perfection and priority of agricultural liens
N.C. Gen. Stat. § 25-9-303— Law governing perfection and priority of security interests in goods covered by a certificate of title
N.C. Gen. Stat. § 25-9-304— Law governing perfection and priority of security interests in deposit accounts
N.C. Gen. Stat. § 25-9-305— Law governing perfection and priority of security interests in investment property
N.C. Gen. Stat. § 25-9-306— Law governing perfection and priority of security interests in letter-of-credit rights
N.C. Gen. Stat. § 25-9-306.1— Law governing perfection and priority of security interests in chattel paper
N.C. Gen. Stat. § 25-9-306.2— Law governing perfection and priority of security interests in controllable accounts, controllable electronic records, and controllable payment intangibles
N.C. Gen. Stat. § 25-9-307— Location of debtor
N.C. Gen. Stat. § 25-9-308— When security interest or agricultural lien is perfected; continuity of perfection
N.C. Gen. Stat. § 25-9-309— Security interest perfected upon attachment
N.C. Gen. Stat. § 25-9-310— When filing required to perfect security interest or agricultural lien; security interests and agricultural liens to which filing provisions do not apply
N.C. Gen. Stat. § 25-9-311— Perfection of security interests in property subject to certain statutes, regulations, and treaties
N.C. Gen. Stat. § 25-9-312— Perfection of security interests in chattel paper, controllable accounts, controllable electronic records, controllable payment intangibles, deposit accounts, negotiable 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
N.C. Gen. Stat. § 25-9-313— When possession by or delivery to secured party perfects security interest without filing
N.C. Gen. Stat. § 25-9-314— Perfection by control
N.C. Gen. Stat. § 25-9-314.1— Perfection by possession and control of chattel paper
N.C. Gen. Stat. § 25-9-315— Secured party's rights on disposition of collateral and in proceeds
N.C. Gen. Stat. § 25-9-316— Effect of change in governing law
N.C. Gen. Stat. § 25-9-317— Interests that take priority over or take free of security interest or agricultural lien
N.C. Gen. Stat. § 25-9-318— 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
N.C. Gen. Stat. § 25-9-319— Rights and title of consignee with respect to creditors and purchasers
N.C. Gen. Stat. § 25-9-320— Buyer of goods
N.C. Gen. Stat. § 25-9-321— Licensee of general intangible and lessee of goods in ordinary course of business
N.C. Gen. Stat. § 25-9-322— Priorities among conflicting security interests in and agricultural liens on same collateral
N.C. Gen. Stat. § 25-9-323— Future advances
N.C. Gen. Stat. § 25-9-324— Priority of purchase-money security interests
N.C. Gen. Stat. § 25-9-324.1— Priority of production-money security interests and agricultural liens
N.C. Gen. Stat. § 25-9-325— Priority of security interests in transferred collateral
N.C. Gen. Stat. § 25-9-326— Priority of security interests created by new debtor
N.C. Gen. Stat. § 25-9-326.1— Priority of security interest in controllable account, controllable electronic record, and controllable payment intangible
N.C. Gen. Stat. § 25-9-327— Priority of security interests in deposit account
N.C. Gen. Stat. § 25-9-328— Priority of security interests in investment property
N.C. Gen. Stat. § 25-9-329— Priority of security interests in letter-of-credit right
N.C. Gen. Stat. § 25-9-330— Priority of purchaser of chattel paper or instrument
N.C. Gen. Stat. § 25-9-331— Priority of rights of purchasers of controllable accounts, controllable electronic records, controllable payment intangibles, documents, instruments, and securities under other Articles; priority of interests in financial assets and security entitlements and protection against assertion of claim under Articles 8 and 12
N.C. Gen. Stat. § 25-9-332— Transfer of money; transfer of funds from deposit account
N.C. Gen. Stat. § 25-9-333— Priority of certain liens arising by operation of law
N.C. Gen. Stat. § 25-9-334— Priority of security interests in fixtures and crops
N.C. Gen. Stat. § 25-9-335— Accessions
N.C. Gen. Stat. § 25-9-336— Commingled goods
N.C. Gen. Stat. § 25-9-337— Priority of security interests in goods covered by certificate of title
N.C. Gen. Stat. § 25-9-338— Priority of security interest or agricultural lien perfected by filed financing statement providing certain incorrect information
N.C. Gen. Stat. § 25-9-339— Priority subject to subordination
N.C. Gen. Stat. § 25-9-340— Effectiveness of right of recoupment or setoff against deposit account
N.C. Gen. Stat. § 25-9-341— Bank's rights and duties with respect to deposit account
N.C. Gen. Stat. § 25-9-342— Bank's right to refuse to enter into or disclose existence of control agreement
N.C. Gen. Stat. § 25-9-401— Alienability of debtor's rights
N.C. Gen. Stat. § 25-9-402— Secured party not obligated on contract of debtor or in tort
N.C. Gen. Stat. § 25-9-403— Agreement not to assert defenses against assignee
N.C. Gen. Stat. § 25-9-404— Rights acquired by assignee; claims and defenses against assignee
N.C. Gen. Stat. § 25-9-405— Modification of assigned contract
N.C. Gen. Stat. § 25-9-406— 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
N.C. Gen. Stat. § 25-9-407— Restrictions on creation or enforcement of security interest in leasehold interest or in lessor's residual interest
N.C. Gen. Stat. § 25-9-408— Restrictions on assignment of promissory notes, health-care-insurance receivables, and certain general intangibles ineffective
N.C. Gen. Stat. § 25-9-409— Restrictions on assignment of letter-of-credit rights ineffective
N.C. Gen. Stat. § 25-9-501— Filing offices
N.C. Gen. Stat. § 25-9-502— Contents of financing statement; record of mortgage as financing statement; time of filing financing statement
N.C. Gen. Stat. § 25-9-503— Name of debtor and secured party
N.C. Gen. Stat. § 25-9-504— Indication of collateral
N.C. Gen. Stat. § 25-9-505— Filing and compliance with other statutes and treaties for consignments, leases, other bailments, and other transactions
N.C. Gen. Stat. § 25-9-506— Effect of errors or omissions
N.C. Gen. Stat. § 25-9-507— Effect of certain events on effectiveness of financing statement
N.C. Gen. Stat. § 25-9-508— Effectiveness of financing statement if new debtor becomes bound by security agreement
N.C. Gen. Stat. § 25-9-509— Persons entitled to file a record
N.C. Gen. Stat. § 25-9-510— Effectiveness of filed record
N.C. Gen. Stat. § 25-9-511— Secured party of record
N.C. Gen. Stat. § 25-9-512— Amendment of financing statement
N.C. Gen. Stat. § 25-9-513— Termination statement
N.C. Gen. Stat. § 25-9-514— Assignment of powers of secured party of record
N.C. Gen. Stat. § 25-9-515— Duration and effectiveness of financing statement; effect of lapsed financing statement
N.C. Gen. Stat. § 25-9-516— What constitutes filing; effectiveness of filing
N.C. Gen. Stat. § 25-9-517— Effect of indexing errors
N.C. Gen. Stat. § 25-9-518— Claim concerning inaccurate or wrongfully filed record
N.C. Gen. Stat. § 25-9-519— Numbering, maintaining, and indexing records; communicating information provided in records
N.C. Gen. Stat. § 25-9-520— Acceptance, refusal to accept record, and cancellation of record
N.C. Gen. Stat. § 25-9-521— Uniform form of written financing statement and amendment
N.C. Gen. Stat. § 25-9-522— Maintenance and destruction of records
N.C. Gen. Stat. § 25-9-523— Information from filing office
N.C. Gen. Stat. § 25-9-524— Delay by filing office
N.C. Gen. Stat. § 25-9-525— Fees
N.C. Gen. Stat. § 25-9-526— Filing-office rules
N.C. Gen. Stat. § 25-9-527— Reserved for future codification purposes
N.C. Gen. Stat. § 25-9-601— Rights after default; judicial enforcement; consignor or buyer of accounts, chattel paper, payment intangibles, or promissory notes
N.C. Gen. Stat. § 25-9-602— Waiver and variance of rights and duties
N.C. Gen. Stat. § 25-9-603— Agreement on standards concerning rights and duties
N.C. Gen. Stat. § 25-9-604— Procedure if security agreement covers real property or fixtures
N.C. Gen. Stat. § 25-9-605— Unknown debtor or secondary obligor
N.C. Gen. Stat. § 25-9-606— Time of default for agricultural lien
N.C. Gen. Stat. § 25-9-607— Collection and enforcement by secured party
N.C. Gen. Stat. § 25-9-608— Application of proceeds of collection or enforcement; liability for deficiency and right to surplus
N.C. Gen. Stat. § 25-9-609— Secured party's right to take possession after default
N.C. Gen. Stat. § 25-9-610— Disposition of collateral after default
N.C. Gen. Stat. § 25-9-611— Notification before disposition of collateral
N.C. Gen. Stat. § 25-9-612— Timeliness of notification before disposition of collateral
N.C. Gen. Stat. § 25-9-613— Contents and form of notification before disposition of collateral: general
N.C. Gen. Stat. § 25-9-614— Contents and form of notification before disposition of collateral: consumer-goods transaction
N.C. Gen. Stat. § 25-9-615— Application of proceeds of disposition; liability for deficiency and right to surplus
N.C. Gen. Stat. § 25-9-616— Explanation of calculation of surplus or deficiency
N.C. Gen. Stat. § 25-9-617— Rights of transferee of collateral
N.C. Gen. Stat. § 25-9-618— Rights and duties of certain secondary obligors
N.C. Gen. Stat. § 25-9-619— Transfer of record or legal title
N.C. Gen. Stat. § 25-9-620— Acceptance of collateral in full or partial satisfaction of obligation; compulsory disposition of collateral
N.C. Gen. Stat. § 25-9-621— Notification of proposal to accept collateral
N.C. Gen. Stat. § 25-9-622— Effect of acceptance of collateral
N.C. Gen. Stat. § 25-9-623— Right to redeem collateral
N.C. Gen. Stat. § 25-9-624— Waiver
N.C. Gen. Stat. § 25-9-625— Remedies for secured party's failure to comply with Article
N.C. Gen. Stat. § 25-9-626— Action in which deficiency or surplus is in issue
N.C. Gen. Stat. § 25-9-627— Determination of whether conduct was commercially reasonable
N.C. Gen. Stat. § 25-9-628— Nonliability and limitation on liability of secured party; liability of secondary obligor
N.C. Gen. Stat. § 25-9-701— Effective date
N.C. Gen. Stat. § 25-9-702— Savings clause
N.C. Gen. Stat. § 25-9-703— Security interest perfected before effective date
N.C. Gen. Stat. § 25-9-704— Security interest unperfected before effective date
N.C. Gen. Stat. § 25-9-705— Effectiveness of action taken before effective date
N.C. Gen. Stat. § 25-9-706— When initial financing statement suffices to continue effectiveness of financing statement
N.C. Gen. Stat. § 25-9-707— Amendment of pre-effective-date financing statement
N.C. Gen. Stat. § 25-9-708— Persons entitled to file initial financing statement or continuation statement
N.C. Gen. Stat. § 25-9-709— Priority
N.C. Gen. Stat. § 25-9-710— Special transitional provision for maintaining and searching local-filing office records