16a-3-301. (UCCC) Security in sales or leases.
16a-3-301
16a-3-301. (UCCC) Security in sales orleases.(1) With respect to a consumer credit sale, a seller may take a securityinterest in the property sold. In addition, a seller may take a securityinterest in goods upon which services are performed or in which goodssold are installed or to which they are annexed, or in land to which thegoods are affixed or which is maintained, repaired or improved as aresult of the sale of the goods or services, if in the case of asecurity interest in land the debt secured is$3,000 or more, or, in the case of a security interest ingoods thedebt secured is $900 or more. Except as provided withrespect to cross-collateral(K.S.A. 16a-3-302, and amendments thereto) a seller may nototherwise take a security interest inproperty of the buyer to secure the debt arising from a consumer creditsale.
(2) With respect to a consumer lease, a lessor may not take a securityinterestin property of the lessee to secure the debt arising from the lease.
(3) A security interest taken in violation of this section is void.
History: L. 1973, ch. 85, § 47; L. 1981, ch. 93, § 7;L. 1999, ch. 107, § 22; July 1.