(1) Except as otherwise provided in section 28:9-104 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 28:9-310.
(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.
CREDIT(S)
(Dec. 30, 1963, 77 Stat. 746, Pub. L. 88-243, § 1; Mar. 16, 1982, D.C. Law 4-85, § 10, 29 DCR 309.)
HISTORICAL AND STATUTORY NOTES
Prior Codifications
1981 Ed., § 28:9-102.
1973 Ed., § 28:9-102.
Legislative History of Laws
Law 4-85, the “Uniform Commercial Code Amendments Act of 1981,” was introduced in Council and assigned Bill No. 4-89, which was referred to the Committee on the Judiciary. The Bill was adopted on first and second readings on November 24, 1981, and December 8, 1981, respectively. Signed by the Mayor on January 18, 1982, it was assigned Act No. 4-139 and transmitted to both Houses of Congress for its review.
For Law 13-201, see notes following § 28:9-101.