State Codes and Statutes

Statutes > Rhode-island > Title-6a > Chapter-6a-9 > 6a-9-109

SECTION 6A-9-109

   § 6A-9-109  Scope. – (a) General scope of chapter. Except as otherwise provided insubsections (c) and (d), this chapter applies to:

   (1) A transaction, regardless of its form, that creates asecurity interest in personal property or fixtures by contract;

   (2) An agricultural lien;

   (3) A sale of accounts, chattel paper, payment intangibles,or promissory notes;

   (4) A consignment;

   (5) A security interest arising under §§ 6A-2-401,6A-2-505, 6A-2-711(3), or 6A-2.1-508(5), as provided in § 6A-9-110; and

   (6) A security interest arising under § 6A-4-210 or6A-5-118.

   (b) Security interest in secured obligation. Theapplication of this chapter to a security interest in a secured obligation isnot affected by the fact that the obligation is itself secured by a transactionor interest to which this chapter does not apply.

   (c) Extent to which chapter does not apply. Thischapter does not apply to the extent that:

   (1) A statute, regulation, or treaty of the United Statespreempts this chapter;

   (2) Another statute of this State expressly governs thecreation, perfection, priority, or enforcement of a security interest createdby this State or a governmental unit of this State;

   (3) A statute of another State, a foreign country, or agovernmental unit of another State or a foreign country, other than a statutegenerally applicable to security interests, expressly governs creation,perfection, priority, or enforcement of a security interest created by theState, country, or governmental unit; or

   (4) The rights of a transferee beneficiary or nominatedperson under a letter of credit are independent and superior under §6A-5-114.

   (d) Inapplicability of chapter. This chapter does notapply to:

   (1) A landlord's lien, other than an agricultural lien;

   (2) A lien, other than an agricultural lien, given by statuteor other rule of law for services or materials, but § 6A-9-333 applieswith respect to priority of the lien;

   (3) An assignment of a claim for wages, salary, or othercompensation of an employee;

   (4) A sale of accounts, chattel paper, payment intangibles,or promissory notes as part of a sale of the business out of which they arose;

   (5) An assignment of accounts, chattel paper, paymentintangibles, or promissory notes which is for the purpose of collection only;

   (6) An assignment of a right to payment under a contract toan assignee that is also obligated to perform under the contract;

   (7) An assignment of a single account, payment intangible, orpromissory note to an assignee in full or partial satisfaction of a preexistingindebtedness;

   (8) A transfer of an interest in or an assignment of a claimunder a policy of insurance, other than an assignment by or to a health-careprovider of a health-care-insurance receivable and any subsequent assignment ofthe right to payment, but §§ 6A-9-315 and 6A-9-322 apply with respectto proceeds and priorities in proceeds;

   (9) An assignment of a right represented by a judgment, otherthan a judgment taken on a right to payment that was collateral;

   (10) A right of recoupment or set-off, but:

   (i) Section 6A-9-340 applies with respect to theeffectiveness of rights of recoupment or set-off against deposit accounts; and

   (ii) Section 6A-9-404 applies with respect to defenses orclaims of an account debtor;

   (11) The creation or transfer of an interest in or lien onreal property, including a lease or rents thereunder, except to the extent thatprovision is made for:

   (i) Liens on real property in §§ 6A-9-203 and6A-9-308;

   (ii) Fixtures in § 6A-9-334;

   (iii) Fixture filings in §§ 6A-9-501, 6A-9-502,6A-9-512, 6A-9-516, and 6A-9-519; and

   (iv) Security agreements covering personal and real propertyin § 6A-9-604;

   (12) An assignment of a claim arising in tort, other than acommercial tort claim, but §§ 6A-9-315 and 6A-9-322 apply withrespect to proceeds and priorities in proceeds; or

   (13) An assignment of a deposit account in a consumertransaction, but §§ 6A-9-315 and 6A-9-322 apply with respect toproceeds and priorities in proceeds.

   (14) A claim or right to receive compensation for injuries orsickness as described in 26 U.S.C. § 104(a)(1) or (2), as amended fromtime to time; or

   (15) A claim or right to receive benefits under a specialneeds trust as described in 42 U.S.C. § 1396p(d)(4), as amended from timeto time.

State Codes and Statutes

Statutes > Rhode-island > Title-6a > Chapter-6a-9 > 6a-9-109

SECTION 6A-9-109

   § 6A-9-109  Scope. – (a) General scope of chapter. Except as otherwise provided insubsections (c) and (d), this chapter applies to:

   (1) A transaction, regardless of its form, that creates asecurity interest in personal property or fixtures by contract;

   (2) An agricultural lien;

   (3) A sale of accounts, chattel paper, payment intangibles,or promissory notes;

   (4) A consignment;

   (5) A security interest arising under §§ 6A-2-401,6A-2-505, 6A-2-711(3), or 6A-2.1-508(5), as provided in § 6A-9-110; and

   (6) A security interest arising under § 6A-4-210 or6A-5-118.

   (b) Security interest in secured obligation. Theapplication of this chapter to a security interest in a secured obligation isnot affected by the fact that the obligation is itself secured by a transactionor interest to which this chapter does not apply.

   (c) Extent to which chapter does not apply. Thischapter does not apply to the extent that:

   (1) A statute, regulation, or treaty of the United Statespreempts this chapter;

   (2) Another statute of this State expressly governs thecreation, perfection, priority, or enforcement of a security interest createdby this State or a governmental unit of this State;

   (3) A statute of another State, a foreign country, or agovernmental unit of another State or a foreign country, other than a statutegenerally applicable to security interests, expressly governs creation,perfection, priority, or enforcement of a security interest created by theState, country, or governmental unit; or

   (4) The rights of a transferee beneficiary or nominatedperson under a letter of credit are independent and superior under §6A-5-114.

   (d) Inapplicability of chapter. This chapter does notapply to:

   (1) A landlord's lien, other than an agricultural lien;

   (2) A lien, other than an agricultural lien, given by statuteor other rule of law for services or materials, but § 6A-9-333 applieswith respect to priority of the lien;

   (3) An assignment of a claim for wages, salary, or othercompensation of an employee;

   (4) A sale of accounts, chattel paper, payment intangibles,or promissory notes as part of a sale of the business out of which they arose;

   (5) An assignment of accounts, chattel paper, paymentintangibles, or promissory notes which is for the purpose of collection only;

   (6) An assignment of a right to payment under a contract toan assignee that is also obligated to perform under the contract;

   (7) An assignment of a single account, payment intangible, orpromissory note to an assignee in full or partial satisfaction of a preexistingindebtedness;

   (8) A transfer of an interest in or an assignment of a claimunder a policy of insurance, other than an assignment by or to a health-careprovider of a health-care-insurance receivable and any subsequent assignment ofthe right to payment, but §§ 6A-9-315 and 6A-9-322 apply with respectto proceeds and priorities in proceeds;

   (9) An assignment of a right represented by a judgment, otherthan a judgment taken on a right to payment that was collateral;

   (10) A right of recoupment or set-off, but:

   (i) Section 6A-9-340 applies with respect to theeffectiveness of rights of recoupment or set-off against deposit accounts; and

   (ii) Section 6A-9-404 applies with respect to defenses orclaims of an account debtor;

   (11) The creation or transfer of an interest in or lien onreal property, including a lease or rents thereunder, except to the extent thatprovision is made for:

   (i) Liens on real property in §§ 6A-9-203 and6A-9-308;

   (ii) Fixtures in § 6A-9-334;

   (iii) Fixture filings in §§ 6A-9-501, 6A-9-502,6A-9-512, 6A-9-516, and 6A-9-519; and

   (iv) Security agreements covering personal and real propertyin § 6A-9-604;

   (12) An assignment of a claim arising in tort, other than acommercial tort claim, but §§ 6A-9-315 and 6A-9-322 apply withrespect to proceeds and priorities in proceeds; or

   (13) An assignment of a deposit account in a consumertransaction, but §§ 6A-9-315 and 6A-9-322 apply with respect toproceeds and priorities in proceeds.

   (14) A claim or right to receive compensation for injuries orsickness as described in 26 U.S.C. § 104(a)(1) or (2), as amended fromtime to time; or

   (15) A claim or right to receive benefits under a specialneeds trust as described in 42 U.S.C. § 1396p(d)(4), as amended from timeto time.


State Codes and Statutes

State Codes and Statutes

Statutes > Rhode-island > Title-6a > Chapter-6a-9 > 6a-9-109

SECTION 6A-9-109

   § 6A-9-109  Scope. – (a) General scope of chapter. Except as otherwise provided insubsections (c) and (d), this chapter applies to:

   (1) A transaction, regardless of its form, that creates asecurity interest in personal property or fixtures by contract;

   (2) An agricultural lien;

   (3) A sale of accounts, chattel paper, payment intangibles,or promissory notes;

   (4) A consignment;

   (5) A security interest arising under §§ 6A-2-401,6A-2-505, 6A-2-711(3), or 6A-2.1-508(5), as provided in § 6A-9-110; and

   (6) A security interest arising under § 6A-4-210 or6A-5-118.

   (b) Security interest in secured obligation. Theapplication of this chapter to a security interest in a secured obligation isnot affected by the fact that the obligation is itself secured by a transactionor interest to which this chapter does not apply.

   (c) Extent to which chapter does not apply. Thischapter does not apply to the extent that:

   (1) A statute, regulation, or treaty of the United Statespreempts this chapter;

   (2) Another statute of this State expressly governs thecreation, perfection, priority, or enforcement of a security interest createdby this State or a governmental unit of this State;

   (3) A statute of another State, a foreign country, or agovernmental unit of another State or a foreign country, other than a statutegenerally applicable to security interests, expressly governs creation,perfection, priority, or enforcement of a security interest created by theState, country, or governmental unit; or

   (4) The rights of a transferee beneficiary or nominatedperson under a letter of credit are independent and superior under §6A-5-114.

   (d) Inapplicability of chapter. This chapter does notapply to:

   (1) A landlord's lien, other than an agricultural lien;

   (2) A lien, other than an agricultural lien, given by statuteor other rule of law for services or materials, but § 6A-9-333 applieswith respect to priority of the lien;

   (3) An assignment of a claim for wages, salary, or othercompensation of an employee;

   (4) A sale of accounts, chattel paper, payment intangibles,or promissory notes as part of a sale of the business out of which they arose;

   (5) An assignment of accounts, chattel paper, paymentintangibles, or promissory notes which is for the purpose of collection only;

   (6) An assignment of a right to payment under a contract toan assignee that is also obligated to perform under the contract;

   (7) An assignment of a single account, payment intangible, orpromissory note to an assignee in full or partial satisfaction of a preexistingindebtedness;

   (8) A transfer of an interest in or an assignment of a claimunder a policy of insurance, other than an assignment by or to a health-careprovider of a health-care-insurance receivable and any subsequent assignment ofthe right to payment, but §§ 6A-9-315 and 6A-9-322 apply with respectto proceeds and priorities in proceeds;

   (9) An assignment of a right represented by a judgment, otherthan a judgment taken on a right to payment that was collateral;

   (10) A right of recoupment or set-off, but:

   (i) Section 6A-9-340 applies with respect to theeffectiveness of rights of recoupment or set-off against deposit accounts; and

   (ii) Section 6A-9-404 applies with respect to defenses orclaims of an account debtor;

   (11) The creation or transfer of an interest in or lien onreal property, including a lease or rents thereunder, except to the extent thatprovision is made for:

   (i) Liens on real property in §§ 6A-9-203 and6A-9-308;

   (ii) Fixtures in § 6A-9-334;

   (iii) Fixture filings in §§ 6A-9-501, 6A-9-502,6A-9-512, 6A-9-516, and 6A-9-519; and

   (iv) Security agreements covering personal and real propertyin § 6A-9-604;

   (12) An assignment of a claim arising in tort, other than acommercial tort claim, but §§ 6A-9-315 and 6A-9-322 apply withrespect to proceeds and priorities in proceeds; or

   (13) An assignment of a deposit account in a consumertransaction, but §§ 6A-9-315 and 6A-9-322 apply with respect toproceeds and priorities in proceeds.

   (14) A claim or right to receive compensation for injuries orsickness as described in 26 U.S.C. § 104(a)(1) or (2), as amended fromtime to time; or

   (15) A claim or right to receive benefits under a specialneeds trust as described in 42 U.S.C. § 1396p(d)(4), as amended from timeto time.