Source: https://app.leg.wa.gov/RCW/default.aspx?cite=62A.9A-102
Timestamp: 2019-09-20 17:01:00
Document Index: 476101553

Matched Legal Cases: ['§ 1502', '§ 1501', '§ 101', '§ 16', '§ 9', '§ 601', '§ 803', '§ 55']

RCW 62A.9A-102: Definitions and index of definitions.
RCWs > Title 62A > Chapter 62A.9A > Section 62A.9A-102
62A.9A-101 << 62A.9A-102 >> 62A.9A-103
RCW 62A.9A-102
(a) Article 9A definitions. In this Article:
(2)(A) "Account," except as used in "account for," means a right to payment of a monetary obligation, whether or not earned by performance, (i) for property that has been or is to be sold, leased, licensed, assigned, or otherwise disposed of, (ii) for services rendered or to be rendered, (iii) for a policy of insurance issued or to be issued, (iv) for a secondary obligation incurred or to be incurred, (v) for energy provided or to be provided, (vi) for the use or hire of a vessel under a charter or other contract, (vii) arising out of the use of a credit or charge card or information contained on or for use with the card, or (viii) as winnings in a lottery or other game of chance operated or sponsored by a state, governmental unit of a state, or person licensed or authorized to operate the game by a state or governmental unit of a state. The term includes health-care-insurance receivables.
(B) The term does not include (i) rights to payment evidenced by chattel paper or an instrument, (ii) commercial tort claims, (iii) deposit accounts, (iv) investment property, (v) letter-of-credit rights or letters of credit, or (vi) rights to payment for money or funds advanced or sold, other than rights arising out of the use of a credit or charge card or information contained on or for use with the card.
(i) In the ordinary course of its business, furnished goods or services to a debtor in connection with a debtor's farming operation; or
(11) "Chattel paper" means a record or records that evidence both a monetary obligation and a security interest in specific goods, a security interest in specific goods and software used in the goods, a security interest in specific goods and license of software used in the goods, a lease of specific goods, or a lease of specific goods and license of software used in the goods. In this subsection, "monetary obligation" means a monetary obligation secured by the goods or owed under a lease of the goods and includes a monetary obligation with respect to software used in the goods. The term "chattel paper" does not include (i) charters or other contracts involving the use or hire of a vessel or (ii) records that evidence a right to payment arising out of the use of a credit or charge card or information contained on or for use with the card. If a transaction is evidenced by records that include an instrument or series of instruments, the group of records taken together constitutes chattel paper.
(ii) Does not include damages arising out of personal injury to, or the death of, an individual.
(B) In the ordinary course of its business, provides clearance or settlement services for a board of trade that has been designated as a contract market pursuant to federal commodities law.
(A) An individual incurs a consumer obligation; and
(25) "Consumer obligation" means an obligation which:
(A) Is incurred as part of a transaction entered into primarily for personal, family, or household purposes; and
(B) Arises from an extension of credit, or commitment to extend credit, in an aggregate amount not exceeding forty thousand dollars, or is secured by personal property used or expected to be used as a principal dwelling.
"Consumer obligor" means an obligor who is an individual and who incurred a consumer obligation.
(26) "Consumer transaction" means a transaction in which (i) an individual incurs a consumer obligation, (ii) a security interest secures the obligation, and (iii) the collateral is held or acquired primarily for personal, family, or household purposes. The term includes consumer-goods transactions.
(30) "Document" means a document of title or a receipt of the type described in RCW 62A.7-201(b).
(36) "File number" means the number assigned to an initial financing statement pursuant to RCW 62A.9A-519(a).
(37) "Filing office" means an office designated in RCW 62A.9A-501 as the place to file a financing statement.
(38) "Filing-office rule" means a rule adopted pursuant to RCW 62A.9A-526.
(40) "Fixture filing" means the filing of a financing statement covering goods that are or are to become fixtures and satisfying RCW 62A.9A-502 (a) and (b). The term includes the filing of a financing statement covering goods of a transmitting utility which are or are to become fixtures.
(44) "Goods" means all things that are movable when a security interest attaches. The term includes (i) fixtures, (ii) standing timber that is to be cut and removed under a conveyance or contract for sale, (iii) the unborn young of animals, (iv) crops grown, growing, or to be grown, even if the crops are produced on trees, vines, or bushes, and (v) manufactured homes. The term also includes a computer program embedded in goods and any supporting information provided in connection with a transaction relating to the program if (i) the program is associated with the goods in such a manner that it customarily is considered part of the goods, or (ii) by becoming the owner of the goods, a person acquires a right to use the program in connection with the goods. The term does not include a computer program embedded in goods that consist solely of the medium in which the program is embedded. The term also does not include accounts, chattel paper, commercial tort claims, deposit accounts, documents, general intangibles, instruments, investment property, letter-of-credit rights, letters of credit, money, or oil, gas, or other minerals before extraction or a manufactured home converted to real property under chapter 65.20 RCW.
(47) "Instrument" means a negotiable instrument or any other writing that evidences a right to the payment of a monetary obligation, is not itself a security agreement or lease, and is of a type that in ordinary course of business is transferred by delivery with any necessary indorsement or assignment. The term does not include (i) investment property, (ii) letters of credit, (iii) writings that evidence a right to payment arising out of the use of a credit or charge card or information contained on or for use with the card, (iv) writings that do not contain a promise or order to pay, or (v) writings that are expressly nontransferable or nonassignable.
(53) "Manufactured home" means a manufactured home or mobile home as defined in RCW 46.04.302.
(54) [Reserved]
(56) "New debtor" means a person that becomes bound as debtor under RCW 62A.9A-203(d) by a security agreement previously entered into by another person.
(60) "Original debtor", except as used in RCW 62A.9A-310(c), means a person that, as debtor, entered into a security agreement to which a new debtor has become bound under RCW 62A.9A-203(d).
(A) The spouse or state registered domestic partner of the individual;
(C) An ancestor or lineal descendant of the individual or the individual's spouse or state registered domestic partner; or
(D) Any other relative, by blood or by marriage or other law, of the individual or the individual's spouse or state registered domestic partner who shares the same home with the individual.
(C) An officer or director of, or a person performing similar functions with respect to, a person described in (63)(A) of this subsection;
(D) The spouse or state registered domestic partner of an individual described in (63)(A), (B), or (C) of this subsection; or
(E) An individual who is related by blood or by marriage or other law to an individual described in (63)(A), (B), (C), or (D) of this subsection and shares the same home with the individual.
(64) "Proceeds", except as used in RCW 62A.9A-609(b), means the following property:
(66) "Proposal" means a record authenticated by a secured party, which includes the terms on which the secured party is willing to accept collateral in full or partial satisfaction of the obligation it secures pursuant to RCW 62A.9A-620, 62A.9A-621, and 62A.9A-622.
(F) A person that holds a security interest arising under RCW 62A.2-401, 62A.2-505, 62A.2-711(3), 62A.2A-508(5), 62A.4-210, or 62A.5-118.
(B) To cause the record or notification to be received within the time that it would have been received if properly sent under (75)(A) of this subsection.
(b) Definitions in other articles. "Control" as provided in RCW 62A.7-106 and the following definitions in other articles apply to this Article:
"Applicant."
RCW 62A.5-102.
"Beneficiary."
"Broker."
RCW 62A.8-102.
"Certificated security."
RCW 62A.3-104.
"Clearing corporation."
"Contract for sale."
RCW 62A.2-106.
RCW 62A.4-104.
"Entitlement holder."
"Financial asset."
"Holder in due course."
RCW 62A.3-302.
"Issuer" with respect to documents of title.
RCW 62A.7-102.
"Issuer" with respect to a letter of credit or letter-of-credit right.
"Issuer" with respect to a security.
RCW 62A.8-201.
RCW 62A.2A-103.
"Lease agreement."
"Lease contract."
"Leasehold interest."
"Lessee in ordinary course of business."
"Lessor."
"Lessor's residual interest."
"Merchant."
RCW 62A.2-104.
"Negotiable instrument."
"Nominated person."
"Proceeds of a letter of credit."
RCW 62A.5-114.
RCW 62A.3-103.
"Securities account."
RCW 62A.8-501.
"Securities intermediary."
"Security certificate."
"Security entitlement."
"Uncertificated security."
[ 2012 c 214 § 1502; (2012 c 214 § 1501 expired July 1, 2013); 2011 c 74 § 101; 2001 c 32 § 16; 2000 c 250 § 9A-102.]
Application—2011 c 74: "(1) Preeffective date transactions or liens. Except as otherwise provided in this section or sections 602 through 608 of this act, this act applies to a transaction or lien within its scope, even if the transaction or lien was entered into or created before July 1, 2013.
(2) Preeffective date proceedings. This act does not affect an action, case, or proceeding commenced before July 1, 2013." [ 2011 c 74 § 601.]
Effective date—2011 c 74: "This act takes effect July 1, 2013." [ 2011 c 74 § 803.]
Effective date—2001 c 32: "This act is necessary for the immediate preservation of the public peace, health, or safety, or support of the state government and its existing public institutions, and takes effect July 1, 2001." [ 2001 c 32 § 55.]