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§12A-9-102.
§12A-9-102.
Policy and Subject Matter of Article.
(1) Except as otherwise provided in Section 9-104 of this title on
excluded transactions, this article applies:
(a) to any transaction, regardless of its form, which is intended to
create a security interest in personal property or fixtures including
goods, documents, instruments, general intangibles, chattel paper or
accounts; and also
(b) to any sale of accounts or chattel paper.
(2) This article applies to security interests created by contract
including pledge, assignment, chattel mortgage, chattel trust, trust
deed, factor's lien, equipment trust, conditional sale, trust receipt,
other lien or title retention contract and lease or consignment
intended as security. This article does not apply to statutory liens
except as provided in Section 9-310 of this title.
(3) The application of this article to a security interest in a
secured obligation is not affected by the fact that the obligation is
itself secured by a transaction or interest to which this article does
not apply.
(4) This article does not prevent the transfer of ownership of
accounts or chattel paper. The determination of whether a particular
transfer of accounts or chattel paper constitutes a sale or a transfer
for security purposes is not governed by this article.
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