reglab/housing_qa huggingface dataset:
MO Rev Stat § 400.9-338 (2021)
2021 Missouri Revised Statutes|Title XXVI - Trade and Commerce|Chapter 400 - Uniform Commercial Code|Section 400.9-338 - Priority of security interest or agricultural lien perfected by filed financing statement providing certain incorrect information.

Effective - 01 Jul 2001   400.9-338. Priority of security interest or agricultural lien perfected by filed financing statement providing certain incorrect information. — If a security interest or agricultural lien is perfected by a filed financing statement providing information described in section 400.9-516(b)(5) which is incorrect at the time the financing statement is filed:  (1) The security interest or agricultural lien is subordinate to a conflicting perfected security interest in the collateral to the extent that the holder of the conflicting security interest gives value in reasonable reliance upon the incorrect information; and  (2) A purchaser, other than a secured party, of the collateral takes free of the security interest or agricultural lien to the extent that, in reasonable reliance upon the incorrect information, the purchaser gives value and, in the case of chattel paper, documents, goods, instruments, or a security certificate, receives delivery of the collateral. ­­-------- (L. 2001 S.B. 288)  Effective 7-01-01
MO Rev Stat § 400.9-339 (2021)
2021 Missouri Revised Statutes|Title XXVI - Trade and Commerce|Chapter 400 - Uniform Commercial Code|Section 400.9-339 - Priority subject to subordination.

Effective - 01 Jul 2001   400.9-339. Priority subject to subordination. — This article does not preclude subordination by agreement by a person entitled to priority. ­­-------- (L. 2001 S.B. 288)  Effective 7-01-01
MO Rev Stat § 400.9-340 (2021)
2021 Missouri Revised Statutes|Title XXVI - Trade and Commerce|Chapter 400 - Uniform Commercial Code|Section 400.9-340 - Effectiveness of right of recoupment or set-off against deposit account.

Effective - 01 Jul 2001   400.9-340. Effectiveness of right of recoupment or set-off against deposit account. — (a) Except as otherwise provided in subsection (c), a bank with which a deposit account is maintained may exercise any right of recoupment or set-off against a secured party that holds a security interest in the deposit account.  (b) Except as otherwise provided in subsection (c), the application of this article to a security interest in a deposit account does not affect a right of recoupment or set-off of the secured party as to a deposit account maintained with the secured party.  (c) The exercise by a bank of a set-off against a deposit account is ineffective against a secured party that holds a security interest in the deposit account which is perfected by control under section 400.9-104(a)(3), if the set-off is based on a claim against the debtor. ­­-------- (L. 2001 S.B. 288)  Effective 7-01-01
MO Rev Stat § 400.9-341 (2021)
2021 Missouri Revised Statutes|Title XXVI - Trade and Commerce|Chapter 400 - Uniform Commercial Code|Section 400.9-341 - Bank's rights and duties with respect to deposit account.

Effective - 01 Jul 2001   400.9-341. Bank's rights and duties with respect to deposit account. — Except as otherwise provided in section 400.9-340(c), and unless the bank otherwise agrees in an authenticated record, a bank's rights and duties with respect to a deposit account maintained with the bank are not terminated, suspended, or modified by:  (1) The creation, attachment, or perfection of a security interest in the deposit account;  (2) The bank's knowledge of the security interest; or  (3) The bank's receipt of instructions from the secured party. ­­-------- (L. 2001 S.B. 288)  Effective 7-01-01
MO Rev Stat § 400.9-342 (2021)
2021 Missouri Revised Statutes|Title XXVI - Trade and Commerce|Chapter 400 - Uniform Commercial Code|Section 400.9-342 - Bank's right to refuse to enter into or disclose existence of control agreement.

Effective - 01 Jul 2001   400.9-342. Bank's right to refuse to enter into or disclose existence of control agreement. — This article does not require a bank to enter into an agreement of the kind described in section 400.9-104(a)(2), even if its customer so requests or directs. A bank that has entered into such an agreement is not required to confirm the existence of the agreement to another person unless requested to do so by its customer. ­­-------- (L. 2001 S.B. 288)  Effective 7-01-01
MO Rev Stat § 400.9-401 (2021)
2021 Missouri Revised Statutes|Title XXVI - Trade and Commerce|Chapter 400 - Uniform Commercial Code|Section 400.9-401 - Alienability of debtor's rights.

Effective - 01 Jul 2001   400.9-401. Alienability of debtor's rights. — (a) Except as otherwise provided in subsection (b) and sections 400.9-406, 400.9-407, 400.9-408 and 400.9-409, whether a debtor's rights in collateral may be voluntarily or involuntarily transferred is governed by law other than this article.  (b) An agreement between the debtor and secured party which prohibits a transfer of the debtor's rights in collateral or makes the transfer a default does not prevent the transfer from taking effect. ­­-------- (L. 1963 p. 503 § 9-401, A.L. 1965 p. 595, A.L. 1988 S.B. 583, A.L. 2001 S.B. 288)  Effective 7-01-01  (1974) Where state of Missouri had knowledge of a security agreement filed with county recorder but erroneously not filed with secretary of state, that knowledge was sufficient to bar state from asserting a sales tax lien on goods covered by the security agreement. State v. Kerr (Mo.), 509 S.W.2d 61.
MO Rev Stat § 400.9-402 (2021)
2021 Missouri Revised Statutes|Title XXVI - Trade and Commerce|Chapter 400 - Uniform Commercial Code|Section 400.9-402 - Secured party not obligated on contract of debtor or in tort.

Effective - 01 Jul 2001   400.9-402. Secured party not obligated on contract of debtor or in tort. — The existence of a security interest, agricultural lien, or authority given to a debtor to dispose of or use collateral, without more, does not subject a secured party to liability in contract or tort for the debtor's acts or omissions. ­­-------- (L. 1963 p. 503 § 9-402, A.L. 1965 p. 595, A.L. 1988 S.B. 583, A.L. 1995 S.B. 215, A.L. 1997 S.B. 6, A.L. 2001 S.B. 288)  Effective 7-01-01
MO Rev Stat § 400.9-403 (2021)
2021 Missouri Revised Statutes|Title XXVI - Trade and Commerce|Chapter 400 - Uniform Commercial Code|Section 400.9-403 - Agreement not to assert defenses against assignee.

Effective - 01 Jul 2001   400.9-403. Agreement not to assert defenses against assignee. — (a) In this section, "value" has the meaning provided in section 400.3-303(a).  (b) Except as otherwise provided in this section, an agreement between an account debtor and an assignor not to assert against an assignee any claim or defense that the account debtor may have against the assignor is enforceable by an assignee that takes an assignment:  (1) For value;  (2) In good faith;  (3) Without notice of a claim of a property or possessory right to the property assigned; and  (4) Without notice of a defense or claim in recoupment of the type that may be asserted against a person entitled to enforce a negotiable instrument under section 400.3-305(a).  (c) Subsection (b) does not apply to defenses of a type that may be asserted against a holder in due course of a negotiable instrument under section 400.3-305(b).  (d) In a consumer transaction, if a record evidences the account debtor's obligation, law other than this article requires that the record include a statement to the effect that the rights of an assignee are subject to claims or defenses that the account debtor could assert against the original obligee, and the record does not include such a statement:  (1) The record has the same effect as if the record included such a statement; and  (2) The account debtor may assert against an assignee those claims and defenses that would have been available if the record included such a statement.  (e) This section is subject to law other than this article which establishes a different rule for an account debtor who is an individual and who incurred the obligation primarily for personal, family, or household purposes.  (f) Except as otherwise provided in subsection (d), this section does not displace law other than this article which gives effect to an agreement by an account debtor not to assert a claim or defense against an assignee. ­­-------- (L. 1963 p. 503 § 9-403, A.L. 1965 p. 595, A.L. 1978 S.B. 755, A.L. 1988 S.B. 583, A.L. 2001 S.B. 288)  Effective 7-01-01
MO Rev Stat § 400.9-404 (2021)
2021 Missouri Revised Statutes|Title XXVI - Trade and Commerce|Chapter 400 - Uniform Commercial Code|Section 400.9-404 - Rights acquired by assignee — claims and defenses against assignee.

Effective - 01 Jul 2001   400.9-404. Rights acquired by assignee — claims and defenses against assignee. — (a) Unless an account debtor has made an enforceable agreement not to assert defenses or claims, and subject to subsections (b) through (e), the rights of an assignee are subject to:  (1) All terms of the agreement between the account debtor and assignor and any defense or claim in recoupment arising from the transaction that gave rise to the contract; and  (2) Any other defense or claim of the account debtor against the assignor which accrues before the account debtor receives a notification of the assignment authenticated by the assignor or the assignee.  (b) Subject to subsection (c) and except as otherwise provided in subsection (d), the claim of an account debtor against an assignor may be asserted against an assignee under subsection (a) only to reduce the amount the account debtor owes.  (c) This section is subject to law other than this article which establishes a different rule for an account debtor who is an individual and who incurred the obligation primarily for personal, family, or household purposes.  (d) In a consumer transaction, if a record evidences the account debtor's obligation, law other than this article requires that the record include a statement to the effect that the account debtor's recovery against an assignee with respect to claims and defenses against the assignor may not exceed amounts paid by the account debtor under the record, and the record does not include such a statement, the extent to which a claim of an account debtor against the assignor may be asserted against an assignee is determined as if the record included such a statement.  (e) This section does not apply to an assignment of a health-care-insurance receivable. ­­-------- (L. 1963 p. 503 § 9-404, A.L. 1965 p. 595, A.L. 1978 S.B. 755, A.L. 1988 S.B. 583, A.L. 2001 S.B. 288)  Effective 7-01-01
MO Rev Stat § 400.9-405 (2021)
2021 Missouri Revised Statutes|Title XXVI - Trade and Commerce|Chapter 400 - Uniform Commercial Code|Section 400.9-405 - Modification of assigned contract.

Effective - 01 Jul 2001   400.9-405. Modification of assigned contract. — (a) A modification of or substitution for an assigned contract is effective against an assignee if made in good faith. The assignee acquires corresponding rights under the modified or substituted contract. The assignment may provide that the modification or substitution is a breach of contract by the assignor. This subsection is subject to subsections (b) through (d).  (b) Subsection (a) applies to the extent that:  (1) The right to payment or a part thereof under an assigned contract has not been fully earned by performance; or  (2) The right to payment or a part thereof has been fully earned by performance and the account debtor has not received notification of the assignment under section 400.9-406(a).  (c) This section is subject to law other than this article which establishes a different rule for an account debtor who is an individual and who incurred the obligation primarily for personal, family, or household purposes.  (d) This section does not apply to an assignment of a health-care-insurance receivable. ­­-------- (L. 1963 p. 503 § 9-405, A.L. 1965 p. 595, A.L. 1978 S.B. 755, A.L. 1988 S.B. 583, A.L. 2001 S.B. 288)  Effective 7-01-01  (1973) Status as assignee of the secured party was not detrimental to plaintiff's right to recover in replevin because an assignee has sufficient interest in property to maintain replevin against a trespasser or an officer levying to satisfy a subordinate lien. Marco Finance Company v. Solbert Industries, Inc. (Mo.), 490 S.W.2d 13.
MO Rev Stat § 400.9-407 (2021)
2021 Missouri Revised Statutes|Title XXVI - Trade and Commerce|Chapter 400 - Uniform Commercial Code|Section 400.9-407 - Restrictions on creation or enforcement of security interest in leasehold interest or in lessor's residual interest.

Effective - 28 Aug 2002   400.9-407. Restrictions on creation or enforcement of security interest in leasehold interest or in lessor's residual interest. — (a) 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) Except as otherwise provided in section 400.2A-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) 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 400.2A-303(4) unless, and then only to the extent that, enforcement actually results in a delegation of material performance of the lessor. ­­-------- (L. 1963 p. 503 § 9-407, A.L. 1965 p. 595, A.L. 1978 S.B. 755, A.L. 1988 S.B. 583, A.L. 2001 S.B. 288, A.L. 2002 S.B. 895)
MO Rev Stat § 400.9-409 (2021)
2021 Missouri Revised Statutes|Title XXVI - Trade and Commerce|Chapter 400 - Uniform Commercial Code|Section 400.9-409 - Restrictions on assignment of letter-of-credit rights ineffective.

Effective - 28 Aug 2002   400.9-409. Restrictions on assignment of letter-of-credit rights ineffective. — (a) A term in a letter of credit or a rule of law, statute, regulation, custom, or practice applicable to the letter of credit which prohibits, restricts, or requires the consent of an applicant, issuer, or nominated person to a beneficiary's assignment of or creation of a security interest in a letter-of-credit right is ineffective to the extent that the term or rule of law, statute, regulation, custom, or practice:  (1) Would impair the creation, attachment, or perfection of a security interest in the letter-of-credit right; or  (2) Provides that the assignment or the creation, attachment, or perfection of the security interest may give rise to a default, breach, right of recoupment, claim, defense, termination, right of termination, or remedy under the letter-of-credit right.  (b) To the extent that a term in a letter of credit is ineffective under subsection (a) but would be effective under law other than this article or a custom or practice applicable to the letter of credit, to the transfer of a right to draw or otherwise demand performance under the letter of credit, or to the assignment of a right to proceeds of the letter of credit, the creation, attachment, or perfection of a security interest in the letter-of-credit right:  (1) Is not enforceable against the applicant, issuer, nominated person, or transferee beneficiary;  (2) Imposes no duties or obligations on the applicant, issuer, nominated person, or transferee beneficiary; and  (3) Does not require the applicant, issuer, nominated person, or transferee beneficiary to recognize the security interest, pay or render performance to the secured party, or accept payment or other performance from the secured party. ­­-------- (L. 1988 S.B. 583, A.L. 2001 S.B. 288, A.L. 2002 S.B. 895)
MO Rev Stat § 400.9-501 (2021)
2021 Missouri Revised Statutes|Title XXVI - Trade and Commerce|Chapter 400 - Uniform Commercial Code|Section 400.9-501 - Filing office.

Effective - 28 Aug 2018, 3 histories   400.9-501. Filing office. — (a) Except as otherwise provided in subsection (b), if the local law of this state governs perfection of a security interest or agricultural lien, the office in which to file a financing statement to perfect the security interest or agricultural lien is:  (1) The office designated for the filing or recording of a record of a mortgage on the related real property, if:  (A) The collateral is as-extracted collateral or timber to be cut; or  (B) The financing statement is filed as a fixture filing and the collateral is goods that are or are to become fixtures; or  (2) The office of the secretary of state in all other cases, including a case in which the collateral is goods that are or are to become fixtures and the financing statement is not filed as a fixture filing.  (b) The office in which to file a financing statement to perfect a security interest in collateral, including fixtures, of a transmitting utility is the office of the secretary of state. The financing statement also constitutes a fixture filing as to the collateral indicated in the financing statement which is or is to become fixtures. ­­-------- (L. 1963 p. 503 § 9-501, A.L. 1988 S.B. 583, A.L. 2001 S.B. 288, A.L. 2014 H.B. 1412, A.L. 2016 H.B. 2332, A.L. 2018 H.B. 1769)
MO Rev Stat § 400.9-502 (2021)
2021 Missouri Revised Statutes|Title XXVI - Trade and Commerce|Chapter 400 - Uniform Commercial Code|Section 400.9-502 - Contents of financing statement — record of mortgage as financing statement — time of filing financial statement.

Effective - 28 Aug 2013   400.9-502. Contents of financing statement — record of mortgage as financing statement — time of filing financial statement. — (a) Subject to subsection (b), a financing statement is sufficient only if it:  (1) Provides the name of the debtor;  (2) Provides the name of the secured party or a representative of the secured party; and  (3) Indicates the collateral covered by the financing statement.  (b) Except as otherwise provided in section 400.9-501(b), to be sufficient, a financing statement that covers as-extracted collateral or timber to be cut, or which is filed as a fixture filing and covers goods that are or are to become fixtures, must satisfy subsection (a) and also:  (1) Indicate that it covers this type of collateral;  (2) Indicate that it is to be filed for record in the real property records;  (3) Provide a description of the real property to which the collateral is related sufficient to give constructive notice of a mortgage under the law of this state if the description were contained in a record of the mortgage of the real property; and  (4) If the debtor does not have an interest of record in the real property, provide the name of a record owner.  (c) A record of a mortgage is effective, from the date of recording, as a financing statement filed as a fixture filing or as a financing statement covering as-extracted collateral or timber to be cut only if:  (1) The record indicates the goods or accounts that it covers;  (2) The goods are or are to become fixtures related to the real property described in the record or the collateral is related to the real property described in the record and is as-extracted collateral or timber to be cut;  (3) The record satisfies the requirements for a financing statement in this section, but:  (A) The record need not indicate that it is to be filed in the real property records; and  (B) The record sufficiently provides the name of a debtor who is an individual if it provides the individual name of the debtor or the surname and first personal name of the debtor, even if the debtor is an individual to whom section 400.9-503(a)(4) applies; and  (4) The record is duly recorded.  (d) A financing statement may be filed before a security agreement is made or a security interest otherwise attaches. ­­-------- (L. 1963 p. 503 § 9-502, A.L. 1988 S.B. 583, A.L. 2001 S.B. 288, A.L. 2013 H.B. 212)
MO Rev Stat § 400.9-504 (2021)
2021 Missouri Revised Statutes|Title XXVI - Trade and Commerce|Chapter 400 - Uniform Commercial Code|Section 400.9-504 - Indication of collateral.

Effective - 28 Aug 2002   400.9-504. Indication of collateral. — A financing statement sufficiently indicates the collateral that it covers if the financing statement provides:  (1) A description of the collateral pursuant to section 400.9-108; or  (2) An indication that the financing statement covers all assets or all personal property. ­­-------- (L. 1963 p. 503 § 9-504, A.L. 1988 S.B. 583, A.L. 2001 S.B. 288, A.L. 2002 S.B. 895)  (1974) Repossession under this section does not create a cause of action under the federal civil rights statute. Nowlin v. Professional Auto Sales, Inc. (C.A. Mo.), 496 F.2d 16. (1975) An assignee of a security agreement takes only what is due to his assignor at the time of assignment and is not entitled to attorney's fees or costs of repossession which had not accrued at the time of assignment but were incurred later by the assignee. Continental State Bank v. S.E.K. Construction Co. Inc. (A.), 518 S.W.2d 143. (1990) Definitions of "private sale" and "public sale" contained in the official comments to section 400.2-706 of the Uniform Commercial Code are appropriate definitions for UCC section dealing with disposition of collateral after default. Boatmen's National Bank of Carthage v. Eidson, 796 S.W.2d 920 (Mo. App.).
MO Rev Stat § 400.9-505 (2021)
2021 Missouri Revised Statutes|Title XXVI - Trade and Commerce|Chapter 400 - Uniform Commercial Code|Section 400.9-505 - Filing and compliance with other statutes and treaties for consignments, leases, other bailments, and other transactions.

Effective - 01 Jul 2001   400.9-505. Filing and compliance with other statutes and treaties for consignments, leases, other bailments, and other transactions. — (a) 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 400.9-311(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) 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 400.9-311(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. ­­-------- (L. 1963 p. 503 § 9-505, A.L. 1988 S.B. 583, A.L. 2001 S.B. 288)  Effective 7-01-01