Sec. 42a-9-201. General effectiveness of security agreement.
Sec. 42a-9-201. General effectiveness of security agreement. (a) Except as
otherwise provided in this title, a security agreement is effective according to its terms
between the parties, against purchasers of the collateral and against creditors.
(b) A transaction subject to this article is subject to any applicable rule of law which
establishes a different rule for consumers and sections 36a-555 to 36a-573, inclusive,
and sections 36a-770 to 36a-786, inclusive.
(c) In case of conflict between this article and a rule of law, statute or regulation
described in subsection (b), the rule of law, statute or regulation controls. Failure to
comply with a statute or regulation described in subsection (b) has only the effect the
statute or regulation specifies.
(d) This article does not:
(1) Validate any rate, charge, agreement or practice that violates a rule of law, statute
or regulation described in subsection (b); or
(2) Extend the application of the rule of law, statute or regulation to a transaction
not otherwise subject to it.
(1959, P.A. 133, S. 9-201; P.A. 01-132, S. 11.)
History: P.A. 01-132 designated existing provision re general effectiveness of security agreement as Subsec. (a), added
Subsec. (b) re applicability of consumer laws, added Subsec. (c) re primacy of other applicable law in case of conflict and
designated existing provisions re deference to other applicable law as Subsec. (d) and amended to revise and rephrase
provisions.
Cited. 168 C. 152. Cited. 211 C. 613.
Cited. 18 CA 265.
Annotation to former Sec. 42a-9-203(4):
Cited. 231 C. 707.