reglab/statecodes huggingface dataset:
2023 Arizona Revised Statutes › Title 47 - Uniform Commercial Code › § 47-9337 - Priority of security interests in goods covered by certificate of title

47-9337.
Priority of security interests in goods covered by certificate of title
If,  while a security interest in goods is perfected by any method under the law of another jurisdiction,  this state issues a certificate of title that does not show that the goods are subject to the security interest or contain a statement that they may be subject to security interests not shown on the certificate:
1. A buyer of the goods,  other than a person in the business of selling goods of that kind,  takes free of the security interest if the buyer gives value and receives delivery of the goods after issuance of the certificate and without knowledge of the security interest;  and
2. The security interest is subordinate to a conflicting security interest in the goods that attaches,  and is perfected under section 47-9311,  subsection B,  after issuance of the certificate and without the conflicting secured party's knowledge of the security interest.
2023 Arizona Revised Statutes › Title 47 - Uniform Commercial Code › § 47-9338 - Priority of security interest or agricultural lien perfected by filed financing statement providing certain incorrect information

47-9338.
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 that is described in section 47-9516,  subsection B,  paragraph 5 and that 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 on 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 on the incorrect information,  the purchaser gives value and,  in the case of tangible chattel paper,  tangible documents,  goods,  instruments or a security certificate,  receives delivery of the collateral.
2023 Arizona Revised Statutes › Title 47 - Uniform Commercial Code › § 47-9340 - Effectiveness of right of recoupment or setoff against deposit account

47-9340.
Effectiveness of right of recoupment or setoff against deposit account
A. Except as otherwise provided in subsection C of this section,  a bank with which a deposit account is maintained may exercise any right of recoupment or setoff against a secured party that holds a security interest in the deposit account.
B. Except as otherwise provided in subsection C of this section,  the application of this chapter to a security interest in a deposit account does not affect a right of recoupment or setoff of the secured party as to a deposit account maintained with the secured party.
C. The exercise by a bank of a setoff against a deposit account is ineffective against a secured party that holds a security interest in the deposit account that is perfected by control under section 47-9104,  subsection A,  paragraph 3,  if the setoff is based on a claim against the debtor.
2023 Arizona Revised Statutes › Title 47 - Uniform Commercial Code › § 47-9341 - Bank's rights and duties with respect to deposit account

47-9341.
Bank's rights and duties with respect to deposit account
Except as otherwise provided in section 47-9340,  subsection 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.
2023 Arizona Revised Statutes › Title 47 - Uniform Commercial Code › § 47-9342 - Bank's right to refuse to enter into or disclose existence of control agreement

47-9342.
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 47-9104,  subsection A,  paragraph 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.
2023 Arizona Revised Statutes › Title 47 - Uniform Commercial Code › § 47-9401 - Alienability of debtor's rights

47-9401.
Alienability of debtor's rights
A. Except as otherwise provided in subsection B of this section and sections 47-9406,  47-9407,  47-9408 and 47-9409,  whether a debtor's rights in collateral may be voluntarily or involuntarily transferred is governed by law other than this chapter.
B. An agreement between the debtor and secured party that prohibits a transfer of the debtor's rights in collateral or makes the transfer a default does not prevent the transfer from taking effect.
2023 Arizona Revised Statutes › Title 47 - Uniform Commercial Code › § 47-9402 - Secured party not obligated on contract of debtor or in tort

47-9402.
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.
2023 Arizona Revised Statutes › Title 47 - Uniform Commercial Code › § 47-9403 - Agreement not to assert defenses against assignee

47-9403.
Agreement not to assert defenses against assignee
A. In this section,  " value"  has the meaning provided in section 47-3303,  subsection 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 47-3305,  subsection A.
C. Subsection B of this section does not apply to defenses of a type that may be asserted against a holder in due course of a negotiable instrument under section 47-3305,  subsection B.
D. In a consumer transaction,  if a record evidences the account debtor's obligation,  law other than this chapter 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 chapter that 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 of this section,  this section does not displace law other than this chapter that gives effect to an agreement by an account debtor not to assert a claim or defense against an assignee.
2023 Arizona Revised Statutes › Title 47 - Uniform Commercial Code › § 47-9404 - Rights acquired by assignee; claims and defenses against assignee

47-9404.
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 that 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 chapter that 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 chapter 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.
2023 Arizona Revised Statutes › Title 47 - Uniform Commercial Code › § 47-9405 - Modification of assigned contract

47-9405.
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,  C and D of this section.
B. Subsection A of this section 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 47-9406,  subsection A.
C. This section is subject to law other than this chapter that 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.
2023 Arizona Revised Statutes › Title 47 - Uniform Commercial Code › § 47-9407 - Restrictions on creation or enforcement of security interest in leasehold interest or in lessor's residual interest

47-9407.
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 of this section,  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 47-2A303,  subsection G,  a term described in subsection A,  paragraph 2 of this section 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 47-2A303,  subsection D unless,  and then only to the extent that,  enforcement actually results in a delegation of material performance of the lessor. Even in that event,  the creation,  attachment,  perfection and enforcement of the security interest remain effective.
2023 Arizona Revised Statutes › Title 47 - Uniform Commercial Code › § 47-9409 - Restrictions on assignment of letter-of-credit rights ineffective

47-9409.
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 that 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 chapter 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.
2023 Arizona Revised Statutes › Title 47 - Uniform Commercial Code › § 47-9501 - Filing office

47-9501.
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 that is or is to become fixtures.
2023 Arizona Revised Statutes › Title 47 - Uniform Commercial Code › § 47-9502 - Contents of financing statement; record of mortgage as financing statement; time of filing financing statement

47-9502.
Contents of financing statement;  record of mortgage as financing statement;  time of filing financing statement
A. Subject to subsection B of this section,  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 47-9501,  subsection B,  to be sufficient,  a financing statement that covers as-extracted collateral or timber to be cut,  or that is filed as a fixture filing and covers goods that are or are to become fixtures,  must satisfy subsection A of this section and also:
1. Indicate that it covers this type of collateral;
2. Indicate that it is to be filed in the real property records;
3. Provide a description of the real property to which the collateral is related;  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 47-9503,  subsection A,  paragraph 4 applies;  and
4. The record is recorded.
D. A financing statement may be filed before a security agreement is made or a security interest otherwise attaches.
2023 Arizona Revised Statutes › Title 47 - Uniform Commercial Code › § 47-9504 - Indication of collateral

47-9504.
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 47-9108;  or
2. An indication that the financing statement covers all assets or all personal property.
2023 Arizona Revised Statutes › Title 47 - Uniform Commercial Code › § 47-9505 - Filing and compliance with other statutes and treaties for consignments, leases, other bailments and other transactions

47-9505.
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 47-9311,  subsection 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 article applies to the filing of a financing statement under subsection A of this section and,  as appropriate,  to compliance that is equivalent to filing a financing statement under section 47-9311,  subsection 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 that attaches to the collateral is perfected by the filing or compliance.
2023 Arizona Revised Statutes › Title 47 - Uniform Commercial Code › § 47-9506 - Effect of errors or omissions

47-9506.
Effect of errors or omissions
A. A financing statement substantially satisfying the requirements of this article is effective,  even if it has minor errors or omissions,  unless the errors or omissions make the financing statement seriously misleading.
B. Except as otherwise provided in subsection C of this section,  a financing statement that fails sufficiently to provide the name of the debtor in accordance with section 47-9503,  subsection A is seriously misleading.
C. 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 47-9503,  subsection A,  the name provided does not make the financing statement seriously misleading.
D. For purposes of section 47-9508,  subsection B,  the " debtor's correct name"  in subsection C of this section means the correct name of the new debtor.
2023 Arizona Revised Statutes › Title 47 - Uniform Commercial Code › § 47-9507 - Effect of certain events on effectiveness of financing statement

47-9507.
Effect of certain events on effectiveness of financing statement
A. 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. Except as otherwise provided in subsection C of this section and section 47-9508,  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 47-9506.
C. If the name that a filed financing statement provides for a debtor becomes insufficient as the name of the debtor under section 47-9503,  subsection A so that the financing statement becomes seriously misleading under section 47-9506:
1. The financing statement is effective to perfect a security interest in collateral acquired by the debtor before,  or within four 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 four months after the filed financing statement becomes seriously misleading,  unless an amendment to the financing statement that renders the financing statement not seriously misleading is filed within four months after the financing statement became seriously misleading.
2023 Arizona Revised Statutes › Title 47 - Uniform Commercial Code › § 47-9508 - Effectiveness of financing statement if new debtor becomes bound by security agreement

47-9508.
Effectiveness of financing statement if new debtor becomes bound by security agreement
A. 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. 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 of this section to be seriously misleading under section 47-9506:
1. The financing statement is effective to perfect a security interest in collateral acquired by the new debtor before,  and within four months after,  the new debtor becomes bound under section 47-9203,  subsection D;  and
2. The financing statement is not effective to perfect a security interest in collateral acquired by the new debtor more than four months after the new debtor becomes bound under section 47-9203,  subsection D unless an initial financing statement providing the name of the new debtor is filed before the expiration of that time.
C. This section does not apply to collateral as to which a filed financing statement remains effective against the new debtor under section 47-9507,  subsection A.
2023 Arizona Revised Statutes › Title 47 - Uniform Commercial Code › § 47-9509 - Persons entitled to file a record

47-9509.
Persons entitled to file a record
A. 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 of this section;  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. 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 47-9315,  subsection A,  paragraph 2,  whether or not the security agreement expressly covers proceeds.
C. 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 47-9513,  subsection A or C,  the debtor authorizes the filing and the termination statement indicates that the debtor authorized it to be filed.
D. If there is more than one secured party of record for a financing statement,  each secured party of record may authorize the filing of an amendment under subsection C of this section.
2023 Arizona Revised Statutes › Title 47 - Uniform Commercial Code › § 47-9510 - Effectiveness of filed record

47-9510.
Effectiveness of filed record
A. A filed record is effective only to the extent that it was filed by a person that may file it under section 47-9509.
B. A record authorized by one secured party of record does not affect the financing statement with respect to another secured party of record.
C. A continuation statement that is not filed within the six month period prescribed by section 47-9515,  subsection D is ineffective.
2023 Arizona Revised Statutes › Title 47 - Uniform Commercial Code › § 47-9511 - Secured party of record

47-9511.
Secured party of record
A. 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 47-9514,  subsection A,  the assignee named in the initial financing statement is the secured party of record with respect to the financing statement.
B. If an amendment of a financing statement that 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 47-9514,  subsection B,  the assignee named in the amendment is a secured party of record.
C. A person remains a secured party of record until the filing of an amendment of the financing statement that deletes the person.
2023 Arizona Revised Statutes › Title 47 - Uniform Commercial Code › § 47-9512 - Amendment of financing statement

47-9512.
Amendment of financing statement
A. Subject to section 47-9509,  a person may add or delete collateral covered by,  continue or terminate the effectiveness of or,  subject to subsection E of this section,  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 47-9501,  subsection A,  paragraph 1,  provides the name of the debtor provided in the initial financing statement and the information specified in section 47-9502,  subsection B.
B. Except as otherwise provided in section 47-9515,  the filing of an amendment does not extend the period of effectiveness of the financing statement.
C. 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. 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. 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.
F. A secured party may change the name or mailing address of the secured party in more than one financing statement by filing a master amendment setting forth the name of the secured party and file number of each financing statement and the new name or mailing address of the secured party. The secured party shall also provide filing information in computer-readable form prescribed by the secretary of state.
2023 Arizona Revised Statutes › Title 47 - Uniform Commercial Code › § 47-9513 - Termination statement

47-9513.
Termination statement
A. 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. To comply with subsection A of this section,  a secured party shall cause the secured party of record to file the termination statement:
1. Within one 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 twenty days after the secured party receives an authenticated demand from a debtor.
C. In cases not governed by subsection A of this section,  within twenty 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. Except as otherwise provided in section 47-9510,  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 47-9510,  for purposes of section 47-9519,  subsection G,  section 47-9522,  subsection A and section 47-9523,  subsection 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.
2023 Arizona Revised Statutes › Title 47 - Uniform Commercial Code › § 47-9514 - Assignment of powers of secured party of record

47-9514.
Assignment of powers of secured party of record
A. Except as otherwise provided in subsection C of this section,  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. Except as otherwise provided in subsection C of this section,  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 that:
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. An assignment of record of a security interest in a fixture covered by a record of a mortgage that is effective as a financing statement filed as a fixture filing under section 47-9502,  subsection 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 title.
D. A secured party of record may assign of record all of the secured party s rights under more than one financing statement filed with the secretary of state by filing a master assignment setting forth the name of the secured party of record and file number of each financing statement and the name and mailing address of the assignee. The secured party shall also provide filing information in computer-readable form prescribed by the secretary of state.
2023 Arizona Revised Statutes › Title 47 - Uniform Commercial Code › § 47-9515 - Duration and effectiveness of financing statement; effect of lapsed financing statement

47-9515.
Duration and effectiveness of financing statement;  effect of lapsed financing statement
A. Except as otherwise provided in subsections B,  E,  F and G of this section,  a filed financing statement is effective for a period of five years after the date of filing.
B. Except as otherwise provided in subsections E,  F and G of this section,  an initial financing statement filed in connection with a manufactured home transaction is effective for a period of thirty years after the date of filing if it indicates that it is filed in connection with a manufactured home transaction.
C. 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 of this section. 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. A continuation statement may be filed only within six months before the expiration of the five year period specified in subsection A of this section or the thirty year period specified in subsection B of this section,  whichever is applicable.
E. Except as otherwise provided in section 47-9510,  on timely filing of a continuation statement,  the effectiveness of the initial financing statement continues for a period of five years commencing on the day on which the financing statement would have become ineffective in the absence of the filing. On the expiration of the five year period,  the financing statement lapses in the same manner as provided in subsection C of this section,  unless,  before the lapse,  another continuation statement is filed pursuant to subsection D of this section. Succeeding continuation statements may be filed in the same manner to continue the effectiveness of the initial financing statement.
F. 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. A record of a mortgage that is effective as a financing statement filed as a fixture filing under section 47-9502,  subsection 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.
2023 Arizona Revised Statutes › Title 47 - Uniform Commercial Code › § 47-9518 - Claim concerning inaccurate or wrongfully filed record

47-9518.
Claim concerning inaccurate or wrongfully filed record
A. A person may file in the filing office an information statement with respect to a record indexed there under the person's name if the person believes that the record is inaccurate or was wrongfully filed.
B. An information statement under subsection A of this section must:
1. Identify the record to which it relates by the file number assigned to the initial financing statement to which the record relates;
2. If the information statement relates to a record filed or recorded in a filing office described in section 47-9501,  subsection A,  paragraph 1,  identify the name of the debtor provided in the initial financing statement and the information specified in section 47-9502,  subsection B;
3. Indicate that it is an information statement;  and
4. Provide the basis for the person's belief that the record is inaccurate and indicate the manner in which the person believes the record should be amended to cure any inaccuracy or provide the basis for the person's belief that the record was wrongfully filed.
C. A person may file in the filing office an information statement with respect to a record filed there if the person is a secured party of record with respect to the financing statement to which the record relates and believes that the person that filed the record was not entitled to do so under section 47-9509,  subsection D.
D. An information statement under subsection C of this section must:
1. Identify the record to which it relates by the file number assigned to the initial financing statement to which the record relates;
2. Indicate that it is an information statement;  and
3. Provide the basis for the person's belief that the person that filed the record was not entitled to do so under section 47-9509,  subsection D.
E. The filing of an information statement does not affect the effectiveness of an initial financing statement or other filed record.
2023 Arizona Revised Statutes › Title 47 - Uniform Commercial Code › § 47-9520 - Acceptance and refusal to accept record

47-9520.
Acceptance and refusal to accept record
A. A filing office shall refuse to accept a record for filing for a reason set forth in section 47-9516,  subsection B and may refuse to accept a record for filing only for a reason set forth in section 47-9516,  subsection B.
B. If a filing office refuses to accept a record for filing,  it shall communicate to the person that presented the record the fact of and reason for the refusal and the date and time of the refusal to accept the record. The communication shall be made at the time and in the manner prescribed by filing office rule but,  in the case of a filing office described in section 47-9501,  subsection A,  paragraph 2,  not more than five business days after the filing office receives the record.
C. A filed financing statement satisfying section 47-9502,  subsections A and B is effective,  even if the filing office is required to refuse to accept it for filing under subsection A of this section. However,  section 47-9338 applies to a filed financing statement providing information that is described in section 47-9516,  subsection B,  paragraph 5 and that is incorrect at the time the financing statement is filed.
D. If a record communicated to a filing office provides information that relates to more than one debtor,  this article applies as to each debtor separately.
2023 Arizona Revised Statutes › Title 47 - Uniform Commercial Code › § 47-9521 - Uniform form of written financing statement and amendment

47-9521.
Uniform form of written financing statement and amendment
A. A filing office that accepts written records may not refuse to accept a written initial financing statement in the form and format set forth in the official text of the 2010 amendments to article 9 of the uniform commercial code promulgated by the American law institute and the national conference of commissioners on uniform state laws except for a reason set forth in section 47-9516,  subsection B.
B. A filing office that accepts written records may not refuse to accept a written record in the form and format set forth as Form UCC3 and Form UCC3Ad in the final official text of the 2010 amendments to article 9 of the uniform commercial code promulgated by the American law institute and the national conference of commissioners on uniform state laws except for a reason set forth in section 47-9516,  subsection B.
2023 Arizona Revised Statutes › Title 47 - Uniform Commercial Code › § 47-9522 - Maintenance and destruction of records

47-9522.
Maintenance and destruction of records
A. The filing office shall maintain a record of the information provided in a filed financing statement for at least one year after the effectiveness of the financing statement has lapsed under section 47-9515 with respect to all secured parties of record. The record shall be retrievable by using the name of the debtor if the record was filed or recorded in the filing office described in section 47-9501,  subsection A,  paragraph 1 and,  if the record was filed in the filing office described in section 47-9501,  subsection A,  paragraph 2,  by using the file number assigned to the initial financing statement to which the record relates.
B. Except to the extent that a statute governing disposition of public records provides otherwise,  the filing office immediately may destroy any written record evidencing a financing statement. However,  if the filing office destroys a written record,  it shall maintain another record of the financing statement that complies with subsection A of this section.
2023 Arizona Revised Statutes › Title 47 - Uniform Commercial Code › § 47-9524 - Delay by filing office

47-9524.
Delay by filing office
Delay by the filing office beyond a time limit prescribed by this article is excused if:
1. The delay is caused by interruption of communication or computer facilities,  war,  emergency conditions,  failure of equipment or other circumstances beyond control of the filing office;  and
2. The filing office exercises reasonable diligence under the circumstances.
2023 Arizona Revised Statutes › Title 47 - Uniform Commercial Code › § 47-9525 - Fees

47-9525.
Fees
A. Except as otherwise provided in subsection E of this section and except for a filing office described in section 47-9501,  subsection A,  paragraph 1,  the fee for filing and indexing a record under this article,  other than an initial financing statement of the kind described in section 47-9502,  subsection C,  is not more than nine dollars as provided in sections 18-441 and 41-126,  if the record is communicated in writing or by any other medium authorized by filing office rule.
B. Except as otherwise provided in subsection E of this section,  the fee for filing and indexing an initial financing statement of the kind described in section 47-9502,  subsection C is not more than nine dollars as provided in sections 18-441 and 41-126 if the financing statement indicates that it is filed in connection with a manufactured home transaction.
C. The number of names required to be indexed does not affect the amount of the fee in subsections A and B of this section.
D. The fee for responding to a request for information from the filing office,  including for issuing a certificate showing whether there is on file any financing statement naming a particular debtor,  is not more than nine dollars as provided in sections 18-441 and 41-126 if the request is communicated in writing or by any other medium authorized by filing office rule.
E. This section does not require a fee with respect to a record of a mortgage that is effective as a financing statement filed as a fixture filing or as a financing statement covering as-extracted collateral or timber to be cut under section 47-9502,  subsection C. However,  the recording and satisfaction fees that otherwise would be applicable to the record of the mortgage apply.
F. The filing fee for filing,  indexing and furnishing filing data about a statement of master amendment pursuant to section 47-9512,  subsection F or master assignment pursuant to section 47-9514,  subsection D is not more than four hundred fifty dollars plus fifty cents for each financing statement covered by the master statement in excess of fifty financing statements.
2023 Arizona Revised Statutes › Title 47 - Uniform Commercial Code › § 47-9526 - Filing office rules

47-9526.
Filing office rules
A. The secretary of state shall adopt rules to implement this chapter. The filing office rules must be:
1. Consistent with this article;  and
2. Adopted pursuant to title 41,  chapter 6.
B. To keep the filing office rules and practices of the filing office in harmony with the rules and practices of filing offices in other jurisdictions that enact substantially this article,  and to keep the technology used by the filing office compatible with the technology used by filing offices in other jurisdictions that enact substantially this article,  the secretary of state,  so far as is consistent with the purposes,  policies and provisions of this chapter,  in adopting,  amending and repealing filing office rules,  shall:
1. Consult with filing offices in other jurisdictions that enact substantially this article;  and
2. Consult the most recent version of the model rules promulgated by the international association of corporate administrators or any successor organization;  and
3. Take into consideration the rules and practices of,  and the technology used by,  filing offices in other jurisdictions that enact substantially this article.
2023 Arizona Revised Statutes › Title 47 - Uniform Commercial Code › § 47-9528 - Nonconsensual lien

47-9528.
Nonconsensual lien
A. A nonconsensual lien,  other than a lien filed by a governmental entity or political subdivision or agency,  a validly licensed utility or water delivery company,  a mechanics' lien claimant or an entity created under covenants,  conditions,  restrictions or declarations affecting real property,  shall not be recorded unless the lien is accompanied by an order or judgment from a court of competent jurisdiction authorizing the filing of the lien.
B. If a nonconsensual lien is accepted for filing as described in subsection A,  the recording officer shall accept for filing a notice of invalid lien that is signed and submitted by the attorney general or county attorney. The attorney general or county attorney shall mail a copy of the notice of invalid lien to the person who is designated as creditor and to the person who filed the nonconsensual lien at the address of each as stated on the filed document. The purported lien is conclusively presumed to be invalid on the filing of the invalid lien.
C. The secretary of state,  a recording officer or a county is not liable for accepting a nonconsensual lien for filing pursuant to subsection A or a notice of invalid lien pursuant to subsection B.