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Can you summarize MORS Chapter 400, Article 9?
Uniform Commercial Code > SECURED TRANSACTIONS
Short Summary
These legal documents, part of the Revised Statutes of Missouri under the Uniform Commercial Code, cover various aspects of secured transactions. They provide guidelines and requirements for the effectiveness of security agreements, attachment of security interests, perfection and priority of security interests, rights of third parties, filing financing statements, nonliability and limitation on liability of a secured party, transfer of collateral, acceptance of collateral in satisfaction of an obligation, procedure for security agreements, determination of commercial reasonableness, notification requirements, default in connection with an agricultural lien, collection and enforcement actions, disposition of collateral, application of cash proceeds, and remedies for non-compliance. These documents apply to creditors, debtors, secured parties, filing offices, and other individuals or entities involved in secured transactions under the Uniform Commercial Code in Missouri. No specific exemptions or penalties are mentioned in these documents.
Whom does it apply to?
Creditors, debtors, secured parties, filing offices, and other individuals or entities involved in secured transactions
What does it govern?
Secured transactions under the Uniform Commercial Code in Missouri
What are exemptions?
No specific exemptions are mentioned in these documents.
What are the Penalties?
No specific penalties are mentioned in these documents.
Jurisdiction
Missouri