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Can you summarize IDST Title 28, Chapter 9?
COMMERCIAL TRANSACTIONS > SECURED TRANSACTIONS
Short Summary
The provided legal document content covers various aspects of secured transactions, general provisions related to commercial transactions, filing procedures, and requirements in Idaho. It governs the control of electronic chattel paper, sufficiency of description in secured transactions, purchase-money security interest and application of payments, modification of assigned contracts, discharge of account debtors, restrictions on the assignment of lease agreements, assignment of letter of credit rights, rights acquired by an assignee, enforceability of agreements between account debtors and assignors, restrictions on the assignment of promissory notes, health care insurance receivables, and certain general intangibles. The documents also provide guidelines for the filing and indexing of records, effectiveness and continuation of financing statements, termination of financing statements, perfection and continuation of security interests, amendment of financing statements, and transition provisions for the 2011 amendments to the Idaho Statutes on commercial transactions and secured transactions. These documents apply to individuals, organizations, and governmental units involved in commercial transactions and secured transactions in Idaho. Certain exemptions are provided for specific types of liens, assignments, transfers, or claims. However, no specific penalties are mentioned in these documents.
Whom does it apply to?
Individuals, organizations, and governmental units involved in commercial transactions and secured transactions in Idaho
What does it govern?
Various aspects of secured transactions, general provisions related to commercial transactions, filing procedures, and requirements in Idaho
What are exemptions?
Specific exemptions are provided for certain types of liens, assignments, transfers, or claims, as well as for health care insurance receivables, compensation awards under the crime victims compensation act, and lottery prizes
What are the Penalties?
No specific penalties are mentioned in these documents
Jurisdiction
Idaho