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Can you summarize MNST 336.9-102?
UNIFORM COMMERCIAL CODE > DEFINITIONS AND INDEX OF DEFINITIONS.
Short Summary
This legal document, part of the Minnesota Statutes, provides definitions and an index of definitions for the Uniform Commercial Code (UCC). It covers various terms used in the UCC, including those related to secured transactions, collateral, obligations, and transactions involving goods, services, and property. The document applies to individuals, organizations, and entities involved in commercial transactions, such as buyers, sellers, lenders, debtors, and secured parties. It does not provide specific exemptions or penalties. Its purpose is to establish clear definitions and terminology for the UCC, ensuring consistency and clarity in commercial transactions governed by the UCC in Minnesota.
Whom does it apply to?
This document applies to individuals, organizations, and entities involved in commercial transactions, including buyers, sellers, lenders, debtors, secured parties, and other parties engaged in the sale, lease, licensing, assignment, or disposal of goods, services, or property.
What does it govern?
This legal document governs the definitions and index of definitions for the Uniform Commercial Code (UCC) under the Minnesota Statutes. It provides definitions for various terms used in the UCC, including terms related to secured transactions, collateral, obligations, and transactions involving goods, services, and property.
What are exemptions?
The document does not provide specific exemptions.
What are the Penalties?
No penalties are mentioned in this document.
Jurisdiction
Minnesota