reglab/housing_qa huggingface dataset:
MA Gen L ch 9 § 9-407 (2021)
2021 Massachusetts General Laws|Part I - Administration of the Government|Title XV - Regulation of Trade|Chapter 106 - Uniform Commercial Code|Article 9 - Secured Transactions|Section 9-407 - Restrictions on Creation or Enforcement of Security Interest in Leasehold Interest or in Lessor's Residual Interest

Section 9–407. (a) Term restricting assignment generally ineffective. Except as otherwise provided in subsection (b), a term in a lease agreement is ineffective to the extent that it:  (1) prohibits, restricts, or requires the consent of a party to the lease to the assignment or transfer of, or the creation, attachment, perfection, or enforcement of a security interest in an interest of a party under the lease contract or in the lessor's residual interest in the goods; or  (2) provides that the assignment or transfer or the creation, attachment, perfection, or enforcement of the security interest may give rise to a default, breach, right of recoupment, claim, defense, termination, right of termination, or remedy under the lease.  (b) Effectiveness of certain terms. Except as otherwise provided in Section 2A–303(7), a term described in subsection (a)(2) is effective to the extent that there is:  (1) a transfer by the lessee of the lessee's right of possession or use of the goods in violation of the term; or  (2) a delegation of a material performance of either party to the lease contract in violation of the term.  (c) Security interest not material impairment. The creation, attachment, perfection, or enforcement of a security interest in the lessor's interest under the lease contract or the lessor's residual interest in the goods is not a transfer that materially impairs the lessee's prospect of obtaining return performance or materially changes the duty of or materially increases the burden or risk imposed on the lessee within the purview of Section 2A–303(4) unless, and then only to the extent that, enforcement actually results in a delegation of material performance of the lessor.
MA Gen L ch 9 § 9-515 (2021)
2021 Massachusetts General Laws|Part I - Administration of the Government|Title XV - Regulation of Trade|Chapter 106 - Uniform Commercial Code|Article 9 - Secured Transactions|Section 9-515 - Duration and Effectiveness of Financing Statement; Effect of Lapsed Financing Statement

Section 9–515. (a) Five-year effectiveness. Except as otherwise provided in subsections (b), (e), (f), and (g), a filed financing statement is effective for a period of 5 years after the date of filing.  (b) Public-finance or manufactured-home transaction. Except as otherwise provided in subsections (e), (f), and (g), an initial financing statement filed in connection with a public-finance transaction or manufactured-home transaction is effective for a period of 30 years after the date of filing if it indicates that it is filed in connection with a public-finance transaction or manufactured-home transaction.  (c) Lapse and continuation of financing statement. The effectiveness of a filed financing statement lapses on the expiration of the period of its effectiveness unless before the lapse a continuation statement is filed pursuant to subsection (d). Upon lapse, a financing statement ceases to be effective and any security interest or agricultural lien that was perfected by the financing statement becomes unperfected, unless the security interest is perfected otherwise. If the security interest or agricultural lien becomes unperfected upon lapse, it is deemed never to have been perfected as against a purchaser of the collateral for value.  (d) When continuation statement may be filed. A continuation statement may be filed only within 6 months before the expiration of the 5–year period specified in subsection (a) or the 30–year period specified in subsection (b), whichever is applicable.  (e) Effect of filing continuation statement. Except as otherwise provided in Section 9–510, upon timely filing of a continuation statement, the effectiveness of the initial financing statement continues for a period of 5 years commencing on the day on which the financing statement would have become ineffective in the absence of the filing. Upon the expiration of the 5–year period, the financing statement lapses in the same manner as provided in subsection (c), unless, before the lapse, another continuation statement is filed pursuant to subsection (d). Succeeding continuation statements may be filed in the same manner to continue the effectiveness of the initial financing statement.  (f) Transmitting utility financing statement. If a debtor is a transmitting utility and a filed initial financing statement so indicates, the financing statement is effective until a termination statement is filed.  (g) Record of mortgage as financing statement. A record of a mortgage that is effective as a financing statement filed as a fixture filing under Section 9–502(c) remains effective as a financing statement filed as a fixture filing until the mortgage is released or satisfied of record or its effectiveness otherwise terminates as to the real property.
MA Gen L ch 9 § 9-514 (2021)
2021 Massachusetts General Laws|Part I - Administration of the Government|Title XV - Regulation of Trade|Chapter 106 - Uniform Commercial Code|Article 9 - Secured Transactions|Section 9-514 - Assignment of Powers of Secured Party of Record

Section 9–514. (a) Assignment reflected on initial financing statement. Except as otherwise provided in subsection (c), an initial financing statement may reflect an assignment of all of the secured party's power to authorize an amendment to the financing statement by providing the name and mailing address of the assignee as the name and address of the secured party.  (b) Assignment of filed financing statement. Except as otherwise provided in subsection (c), a secured party of record may assign of record all or part of its power to authorize an amendment to a financing statement by filing in the filing office an amendment of the financing statement which:  (1) identifies, by its file number, the initial financing statement to which it relates;  (2) provides the name of the assignor; and  (3) provides the name and mailing address of the assignee.  (c) Assignment of record of mortgage. An assignment of record of a security interest in a fixture covered by a record of a mortgage which is effective as a financing statement filed as a fixture filing under Section 9–502(c) may be made only by an assignment of record of the mortgage in the manner provided by law of this state other than this chapter.
MA Gen L ch 9 § 9-513 (2021)
2021 Massachusetts General Laws|Part I - Administration of the Government|Title XV - Regulation of Trade|Chapter 106 - Uniform Commercial Code|Article 9 - Secured Transactions|Section 9-513 - Termination Statement

Section 9–513. (a) Consumer goods. A secured party shall cause the secured party of record for a financing statement to file a termination statement for the financing statement if the financing statement covers consumer goods and:  (1) there is no obligation secured by the collateral covered by the financing statement and no commitment to make an advance, incur an obligation, or otherwise give value; or  (2) the debtor did not authorize the filing of the initial financing statement.  (b) Time for compliance with subsection (a). To comply with subsection (a), a secured party shall cause the secured party of record to file the termination statement:  (1) within 1 month after there is no obligation secured by the collateral covered by the financing statement and no commitment to make an advance, incur an obligation, or otherwise give value; or  (2) if earlier, within 20 days after the secured party receives an authenticated demand from a debtor.  (c) Other collateral. In cases not governed by subsection (a), within 20 days after a secured party receives an authenticated demand from a debtor, the secured party shall cause the secured party of record for a financing statement to send to the debtor a termination statement for the financing statement or file the termination statement in the filing office if:  (1) except in the case of a financing statement covering accounts or chattel paper that has been sold or goods that are the subject of a consignment, there is no obligation secured by the collateral covered by the financing statement and no commitment to make an advance, incur an obligation, or otherwise give value;  (2) the financing statement covers accounts or chattel paper that has been sold but as to which the account debtor or other person obligated has discharged its obligation;  (3) the financing statement covers goods that were the subject of a consignment to the debtor but are not in the debtor's possession; or  (4) the debtor did not authorize the filing of the initial financing statement.  (d) Effect of filing termination statement. Except as otherwise provided in Section 9–510, upon the filing of a termination statement with the filing office, the financing statement to which the termination statement relates ceases to be effective. Except as otherwise provided in Section 9–510, for purposes of Sections 9–519(g), 9–522(a), and 9–523(c), the filing with the filing office of a termination statement relating to a financing statement that indicates that the debtor is a transmitting utility also causes the effectiveness of the financing statement to lapse.
MA Gen L ch 9 § 9-512 (2021)
2021 Massachusetts General Laws|Part I - Administration of the Government|Title XV - Regulation of Trade|Chapter 106 - Uniform Commercial Code|Article 9 - Secured Transactions|Section 9-512 - Amendment of Financing Statement

Section 9–512. (a) Amendment of information in financing statement. Subject to Section 9–509, a person may add or delete collateral covered by, continue or terminate the effectiveness of, or, subject to subsection (e), otherwise amend the information provided in, a financing statement by filing an amendment that:  (1) identifies, by its file number, the initial financing statement to which the amendment relates; and  (2) if the amendment relates to an initial financing statement filed or recorded in a filing office described in Section 9–501(a)(1), provides:  (A) in the case of unregistered land governed by chapter 36, the book and page number of the initial financing statement, or if a book and page number has not yet been assigned to the initial financing statement, the instrument number of the initial financing statement and the date on which the initial financing statement was originally filed, and, in the case of registered land governed by chapter 185, the document number of the initial financing statement; and  (B) the information specified in Section 9–502(b).  (b) Period of effectiveness not affected. Except as otherwise provided in Section 9–515, the filing of an amendment does not extend the period of effectiveness of the financing statement.  (c) Effectiveness of amendment adding collateral. A financing statement that is amended by an amendment that adds collateral is effective as to the added collateral only from the date of the filing of the amendment.  (d) Effectiveness of amendment adding debtor. A financing statement that is amended by an amendment that adds a debtor is effective as to the added debtor only from the date of the filing of the amendment.  (e) Certain amendments ineffective. An amendment is ineffective to the extent it:  (1) purports to delete all debtors and fails to provide the name of a debtor to be covered by the financing statement; or  (2) purports to delete all secured parties of record and fails to provide the name of a new secured party of record.
MA Gen L ch 9 § 9-511 (2021)
2021 Massachusetts General Laws|Part I - Administration of the Government|Title XV - Regulation of Trade|Chapter 106 - Uniform Commercial Code|Article 9 - Secured Transactions|Section 9-511 - Secured Party of Record

Section 9–511. (a) Secured party of record. A secured party of record with respect to a financing statement is a person whose name is provided as the name of the secured party or a representative of the secured party in an initial financing statement that has been filed. If an initial financing statement is filed under Section 9–514(a), the assignee named in the initial financing statement is the secured party of record with respect to the financing statement.  (b) Amendment naming secured party of record. If an amendment of a financing statement which provides the name of a person as a secured party or a representative of a secured party is filed, the person named in the amendment is a secured party of record. If an amendment is filed under Section 9–514(b), the assignee named in the amendment is a secured party of record.  (c) Amendment deleting secured party of record. A person remains a secured party of record until the filing of an amendment of the financing statement which deletes the person.
MA Gen L ch 9 § 9-510 (2021)
2021 Massachusetts General Laws|Part I - Administration of the Government|Title XV - Regulation of Trade|Chapter 106 - Uniform Commercial Code|Article 9 - Secured Transactions|Section 9-510 - Effectiveness of Filed Record

Section 9–510. (a) Filed record effective if authorized. A filed record is effective only to the extent that it was filed by a person that may file it under Section 9–509.  (b) Authorization by 1 secured party of record. A record authorized by 1 secured party of record does not affect the financing statement with respect to another secured party of record.  (c) Continuation statement not timely filed. A continuation statement that is not filed within the 6–month period prescribed by Section 9–515(d) is ineffective.
MA Gen L ch 9 § 9-509 (2021)
2021 Massachusetts General Laws|Part I - Administration of the Government|Title XV - Regulation of Trade|Chapter 106 - Uniform Commercial Code|Article 9 - Secured Transactions|Section 9-509 - Persons Entitled to File a Record

Section 9–509. (a) Person entitled to file record. A person may file an initial financing statement, amendment that adds collateral covered by a financing statement, or amendment that adds a debtor to a financing statement only if:  (1) the debtor authorizes the filing in an authenticated record or pursuant to subsection (b) or (c); or  (2) the person holds an agricultural lien that has become effective at the time of filing and the financing statement covers only collateral in which the person holds an agricultural lien.  (b) Security agreement as authorization. By authenticating or becoming bound as debtor by a security agreement, a debtor or new debtor authorizes the filing of an initial financing statement, and an amendment, covering:  (1) the collateral described in the security agreement; and  (2) property that becomes collateral under Section 9–315(a)(2), whether or not the security agreement expressly covers proceeds.  (c) Acquisition of collateral as authorization. By acquiring collateral in which a security interest or agricultural lien continues under Section 9–315(a)(1), a debtor authorizes the filing of an initial financing statement, and an amendment, covering the collateral and property that becomes collateral under Section 9–315(a)(2).  (d) Person entitled to file certain amendments. A person may file an amendment other than an amendment that adds collateral covered by a financing statement or an amendment that adds a debtor to a financing statement only if:  (1) the secured party of record authorizes the filing; or  (2) the amendment is a termination statement for a financing statement as to which the secured party of record has failed to file or send a termination statement as required by Section 9–513(a) or (c), the debtor authorizes the filing, and the termination statement indicates that the debtor authorized it to be filed.  (e) Multiple secured parties of record. If there is more than 1 secured party of record for a financing statement, each secured party of record may authorize the filing of an amendment under subsection (d).
MA Gen L ch 9 § 9-508 (2021)
2021 Massachusetts General Laws|Part I - Administration of the Government|Title XV - Regulation of Trade|Chapter 106 - Uniform Commercial Code|Article 9 - Secured Transactions|Section 9-508 - Effectiveness of Financing Statement if New Debtor Becomes Bound by Security Agreement

Section 9–508. (a) Financing statement naming original debtor. Except as otherwise provided in this section, a filed financing statement naming an original debtor is effective to perfect a security interest in collateral in which a new debtor has or acquires rights to the extent that the financing statement would have been effective had the original debtor acquired rights in the collateral.  (b) Financing statement becoming seriously misleading. If the difference between the name of the original debtor and that of the new debtor causes a filed financing statement that is effective under subsection (a) to be seriously misleading under Section 9–506:  (1) the financing statement is effective to perfect a security interest in collateral acquired by the new debtor before, and within 4 months after, the new debtor becomes bound under Section 9–203(d); and  (2) the financing statement is not effective to perfect a security interest in collateral acquired by the new debtor more than 4 months after the new debtor becomes bound under Section 9–203(d) unless an initial financing statement providing the name of the new debtor is filed before the expiration of that time.  (c) When section not applicable. This section does not apply to collateral as to which a filed financing statement remains effective against the new debtor under Section 9–507(a).
MA Gen L ch 9 § 9-507 (2021)
2021 Massachusetts General Laws|Part I - Administration of the Government|Title XV - Regulation of Trade|Chapter 106 - Uniform Commercial Code|Article 9 - Secured Transactions|Section 9-507 - Effect of Certain Events on Effectiveness of Financing Statement

Section 9–507. (a) Disposition. A filed financing statement remains effective with respect to collateral that is sold, exchanged, leased, licensed, or otherwise disposed of and in which a security interest or agricultural lien continues, even if the secured party knows of or consents to the disposition.  (b) Information becoming seriously misleading. Except as otherwise provided in subsection (c) and Section 9–508, a financing statement is not rendered ineffective if, after the financing statement is filed, the information provided in the financing statement becomes seriously misleading under Section 9–506.  (c) Change in debtor's name. If the name that a filed financing statement provides for a debtor becomes insufficient as the name of the debtor under section 9–503(a) so that the financing statement becomes seriously misleading under section 9–506:  (1) the financing statement is effective to perfect a security interest in collateral acquired by the debtor before, or within 4 months after, the filed financing statement becomes seriously misleading; and  (2) the financing statement is not effective to perfect a security interest in collateral acquired by the debtor more than 4 months after the filed financing statement becomes seriously misleading, unless an amendment to the financing statement which renders the financing statement not seriously misleading is filed within 4 months after the financing statement became seriously misleading.
MA Gen L ch 9 § 9-506 (2021)
2021 Massachusetts General Laws|Part I - Administration of the Government|Title XV - Regulation of Trade|Chapter 106 - Uniform Commercial Code|Article 9 - Secured Transactions|Section 9-506 - Effect of Errors or Omissions

Section 9–506. (a) Minor errors and omissions. A financing statement substantially satisfying the requirements of this part is effective, even if it has minor errors or omissions, unless the errors or omissions make the financing statement seriously misleading.  (b) Financing statement seriously misleading. Except as otherwise provided in subsection (c), a financing statement that fails sufficiently to provide the name of the debtor in accordance with Section 9–503(a) is seriously misleading.  (c) Financing statement not seriously misleading. If a search of the records of the filing office under the debtor's correct name, using the filing office's standard search logic, if any, would disclose a financing statement that fails sufficiently to provide the name of the debtor in accordance with Section 9–503(a), the name provided does not make the financing statement seriously misleading.  (d) ''Debtor's correct name.'' For purposes of Section 9–508(b), the ''debtor's correct name'' in subsection (c) means the correct name of the new debtor.
MA Gen L ch 9 § 9-505 (2021)
2021 Massachusetts General Laws|Part I - Administration of the Government|Title XV - Regulation of Trade|Chapter 106 - Uniform Commercial Code|Article 9 - Secured Transactions|Section 9-505 - Filing and Compliance With Other Statutes and Treaties for Consignments, Leases, Other Bailments, and Other Transactions

Section 9–505. (a) Use of terms other than ''debtor'' and ''secured party.'' A consignor, lessor, or other bailor of goods, a licensor, or a buyer of a payment intangible or promissory note may file a financing statement, or may comply with a statute or treaty described in Section 9–311(a), using the terms ''consignor'', ''consignee'', ''lessor'', ''lessee'', ''bailor'', ''bailee'', ''licensor'', ''licensee'', ''owner'', ''registered owner'', ''buyer'', ''seller'', or words of similar import, instead of the terms ''secured party'' and ''debtor''.  (b) Effect of financing statement under subsection (a). This part applies to the filing of a financing statement under subsection (a) and, as appropriate, to compliance that is equivalent to filing a financing statement under Section 9–311(b), but the filing or compliance is not of itself a factor in determining whether the collateral secures an obligation. If it is determined for another reason that the collateral secures an obligation, a security interest held by the consignor, lessor, bailor, licensor, owner, or buyer which attaches to the collateral is perfected by the filing or compliance.
MA Gen L ch 9 § 9-504 (2021)
2021 Massachusetts General Laws|Part I - Administration of the Government|Title XV - Regulation of Trade|Chapter 106 - Uniform Commercial Code|Article 9 - Secured Transactions|Section 9-504 - Indication of Collateral

Section 9–504. A financing statement sufficiently indicates the collateral that it covers if the financing statement provides:  (1) a description of the collateral pursuant to Section 9–108; or  (2) an indication that the financing statement covers all assets or all personal property.