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Article 9 of the Uniform Commercial Code (UCC) governs security interests in personal property. The UCC defines the scope of the article (here slightly truncated): 1
This chapter applies to the following:
- A transaction, regardless of its form, that creates a security interest in personal property or fixtures by contract;
- An agricultural lien;
- A sale of accounts, chattel paper, payment intangibles, or promissory notes;
- A consignment…
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