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Can you summarize NCGS Chapter 25, Article 9?
Uniform Commercial Code > Secured Transactions.
Short Summary
The provided legal document content covers various aspects related to secured transactions under the Uniform Commercial Code (UCC) in North Carolina. It includes definitions and an index of definitions for Article 9 of the UCC, which pertains to secured transactions. The document provides guidelines for the attachment and enforceability of security interests, the perfection, effect, and priority of security interests in different types of collateral, the rights of third parties in secured transactions, the filing of financing statements, the duties and operations of a filing office, and the default and enforcement of security interests. These documents apply to creditors, debtors, obligors, and persons with security interests or liens on collateral involved in secured transactions. They do not mention any specific exemptions or penalties.
Whom does it apply to?
Creditors, debtors, obligors, persons with security interests or liens on collateral
What does it govern?
Secured transactions
What are exemptions?
Preemption by federal law, express governance by another state or foreign statute, specific exceptions such as landlord's liens, certain assignments, transfers of interests in real property, and assignments of claims arising in tort or consumer transactions
What are the Penalties?
No specific penalties are mentioned in these documents.
Jurisdiction
North Carolina