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Can you summarize RIGL Title 6A, Chapter 9?
Uniform Commercial Code > Secured Transactions
Short Summary
The provided legal document content covers various aspects of secured transactions under the Uniform Commercial Code in the State of Rhode Island. It addresses the continuation of the effectiveness of financing statements, remedies for noncompliance with provisions, actions involving deficiency or surplus, duties and operation of the filing office, assignment of letter-of-credit rights, promissory notes, health-care insurance receivables, general intangibles, creation or enforcement of security interests in leasehold interests or lessor’s residual interest, rights acquired by an assignee, claims and defenses against an assignee, enforceability of agreements between account debtor and assignor, rights of a bank in relation to agreements, security interests, and set-off against a deposit account, requests for accounting, requests regarding a list of collateral, and requests regarding a statement of account, control and description of investment property, purchase-money security interests, and definitions for secured transactions. These documents apply to secured parties, debtors, account debtors, persons involved in secured transactions, banks, customers, assignees, assignors, depositors, and individuals or entities involved in transactions with secured parties. No specific exemptions or penalties are mentioned in these documents.
Whom does it apply to?
Secured parties, debtors, account debtors, persons involved in secured transactions, banks, customers, assignees, assignors, depositors, and individuals or entities involved in transactions with secured parties.
What does it govern?
Continuation of the effectiveness of financing statements, remedies for noncompliance with provisions, actions involving deficiency or surplus, duties and operation of the filing office, assignment of letter-of-credit rights, promissory notes, health-care insurance receivables, general intangibles, creation or enforcement of security interests in leasehold interests or lessor's residual interest, rights acquired by an assignee, claims and defenses against an assignee, enforceability of agreements between account debtor and assignor, rights of a bank in relation to agreements, security interests, and set-off against a deposit account, requests for accounting, requests regarding a list of collateral, and requests regarding a statement of account, control and description of investment property, purchase-money security interests, and definitions for secured transactions.
What are exemptions?
No specific exemptions or penalties are mentioned in these documents.
What are the Penalties?
No specific penalties for non-compliance or violation of the documents' provisions are mentioned.
Jurisdiction
Rhode Island