Section 28:9-106 - Definitions: "account"; "general intangibles"

Definitions: "account"; "general intangibles"

“Account” means any right to payment for goods sold or leased or for services rendered which is not evidenced by an instrument or chattel paper, whether or not it has been earned by performance. “General intangibles” means any rights to proceeds of written letters of credit, personal property (including things in action) other than goods, accounts, chattel paper, documents, instruments, investment property, and money. All rights to payment earned or unearned under a charter or other contract involving the use or hire of a vessel and all rights incident to the charter or contract are accounts.

CREDIT(S)

(Dec. 30, 1963, 77 Stat. 750, Pub. L. 88-243, § 1; Mar. 16, 1982, D.C. Law 4-85, § 14, 29 DCR 309; Apr. 9, 1997, D.C. Law 11-238, § 3(g), 44 DCR 923; Apr. 9, 1997, D.C. Law 11-240, § 3(h), 44 DCR 1087.)

HISTORICAL AND STATUTORY NOTES

Prior Codifications
1981 Ed., § 28:9-106.
1973 Ed., § 28:9-106.
Legislative History of Laws
For legislative history of D.C. Law 4-85, see Historical and Statutory Notes following § 28:9-102.
For legislative history of D.C. Law 11-238, see Historical and Statutory Notes following § 28:9-103.
For legislative history of D.C. Law 11-240, see Historical and Statutory Notes following § 28:9-103.
For Law 13-201, see notes following § 28:9-101.

Current through September 13, 2012