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§12A-9-109.
§12A-9-109.
Goods are
(1) "consumer goods" if they are used or bought for use primarily for
personal, family or household purposes;
(2) "equipment" if they are used or brought for use primarily in
business (including farming or a profession) or by a debtor who is a
nonprofit organization or a governmental subdivision or agency or if
the goods are not included in the definitions of inventory, farm
products or consumer goods;
(3) "farm products" if they are crops or livestock or supplies used or
produced in farming operations or if they are products of crops or
livestock in their unmanufactured states (such as ginned cotton,
wool-clip, maple syrup, milk and eggs), and if they are in the
possession of a debtor engaged in raising, fattening, grazing or other
farming operations. If goods are farm products they are neither
equipment nor inventory;
(4) "inventory" if they are held by a person who holds them for sale
or lease or to be furnished under contracts of service or if he has so
furnished them, or if they are raw materials, work in process or
materials used or consumed in a business. Inventory of a person is not
to be classified as his equipment.
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