reglab/statecodes huggingface dataset:
2023 Pennsylvania Consolidated & Unconsolidated Statutes › Title 13 - COMMERCIAL CODE › Chapter 96 - Default › Section 9617 - Rights of transferee of collateral

§ 9617. Rights of transferee of collateral.
(a) Effects of disposition.
--A secured party's disposition of collateral after default:
(1) transfers to a transferee for value all of the debtor's rights in the collateral;
(2) discharges the security interest under which the disposition is made; and
(3) discharges any subordinate security interest or other subordinate lien.
(b) Rights of good-faith transferee.
--A transferee that acts in good faith takes free of the rights and interests described in subsection (a) even if the secured party fails to comply with this division or the requirements of any judicial proceeding.
(c) Rights of other transferee.
--If a transferee does not take free of the rights and interests described in subsection (a), the transferee takes the collateral subject to:
(1) the debtor's rights in the collateral;
(2) the security interest or agricultural lien under which the disposition is made; and
(3) any other security interest or other lien.
2023 Pennsylvania Consolidated & Unconsolidated Statutes › Title 13 - COMMERCIAL CODE › Chapter 96 - Default › Section 9618 - Rights and duties of certain secondary obligors

§ 9618. Rights and duties of certain secondary obligors.
(a) Rights and duties of secondary obligor.
--A secondary obligor acquires the rights and becomes obligated to perform the duties of the secured party after the secondary obligor:
(1) receives an assignment of a secured obligation from the secured party;
(2) receives a transfer of collateral from the secured party and agrees to accept the rights and assume the duties of the secured party; or
(3) is subrogated to the rights of a secured party with respect to collateral.
(b) Effect of assignment, transfer or subrogation.
--An assignment, transfer or subrogation described in subsection (a):
(1) is not a disposition of collateral under section 9610 (relating to disposition of collateral after default); and
(2) relieves the secured party of further duties under this division.
2023 Pennsylvania Consolidated & Unconsolidated Statutes › Title 13 - COMMERCIAL CODE › Chapter 96 - Default › Section 9619 - Transfer of record or legal title

§ 9619. Transfer of record or legal title.
(a) Transfer statement.
--As used in this section, the term "transfer statement" means a record authenticated by a secured party stating:
(1) that the debtor has defaulted in connection with an obligation secured by specified collateral;
(2) that the secured party has exercised its postdefault remedies with respect to the collateral;
(3) that, by reason of the exercise, a transferee has acquired the rights of the debtor in the collateral; and
(4) the name and mailing address of the secured party, debtor and transferee.
(b) Effect of transfer statement.
--A transfer statement entitles the transferee to the transfer of record of all rights of the debtor in the collateral specified in the statement in any official filing, recording, registration or certificate-of- title system covering the collateral. If a transfer statement is presented with the applicable fee and request form to the official or office responsible for maintaining the system, the official or office shall:
(1) accept the transfer statement;
(2) promptly amend its records to reflect the transfer; and
(3) if applicable, issue a new appropriate certificate of title in the name of the transferee.
(c) Transfer not a disposition; no relief of secured party's duties.
--A transfer of the record or legal title to collateral to a secured party under subsection (b) or otherwise is not of itself a disposition of collateral under this division and does not of itself relieve the secured party of its duties under this division.
2023 Pennsylvania Consolidated & Unconsolidated Statutes › Title 13 - COMMERCIAL CODE › Chapter 96 - Default › Section 9621 - Notification of proposal to accept collateral

§ 9621. Notification of proposal to accept collateral.
(a) Persons to which proposal to be sent.
--A secured party that desires to accept collateral in full or partial satisfaction of the obligation it secures shall send its proposal to all of the following:
(1) Any person from which the secured party has received, before the debtor consented to the acceptance, an authenticated notification of a claim of an interest in the collateral.
(2) Any other secured party or lienholder that, ten days before the debtor consented to the acceptance, held a security interest in or other lien on the collateral perfected by the filing of a financing statement which:
(i) identified the collateral;
(ii) was indexed under the debtor's name as of that date; and
(iii) was filed in the office or offices in which to file a financing statement against the debtor covering the collateral as of that date.
(3) Any other secured party that, ten days before the debtor consented to the acceptance, held a security interest in the collateral perfected by compliance with a statute, regulation or treaty described in section 9311(a) (relating to security interest subject to other law).
(b) Proposal to be sent to secondary obligor in partial satisfaction.
--A secured party that desires to accept collateral in partial satisfaction of the obligation it secures shall send its proposal to any secondary obligor in addition to the persons described in subsection (a).
Cross References.
Section 9621 is referred to in sections 9102, 9602, 9620 of this title.
2023 Pennsylvania Consolidated & Unconsolidated Statutes › Title 13 - COMMERCIAL CODE › Chapter 96 - Default › Section 9622 - Effect of acceptance of collateral

§ 9622. Effect of acceptance of collateral.
(a) Effect of acceptance.
--A secured party's acceptance of collateral in full or partial satisfaction of the obligation it secures:
(1) discharges the obligation to the extent consented to by the debtor;
(2) transfers to the secured party all of a debtor's rights in the collateral;
(3) discharges the security interest or agricultural lien which is the subject of the debtor's consent and any subordinate security interest or other subordinate lien; and
(4) terminates any other subordinate interest.
(b) Discharge of subordinate interest notwithstanding noncompliance.
--A subordinate interest is discharged or terminated under subsection (a) even if the secured party fails to comply with this division.
Cross References.
Section 9622 is referred to in sections 9102, 9602, 9623 of this title.
2023 Pennsylvania Consolidated & Unconsolidated Statutes › Title 13 - COMMERCIAL CODE › Chapter 96 - Default › Section 9623 - Right to redeem collateral

§ 9623. Right to redeem collateral.
(a) Persons that may redeem.--
A debtor, any secondary obligor or any other secured party or lienholder may redeem collateral.
(b) Requirements for redemption.--
To redeem collateral, a person shall tender:
(1) fulfillment of all obligations secured by the collateral; and
(2) the reasonable expenses and attorney fees described in section 9615(a)(1) (relating to application of proceeds).
(c) When redemption may occur.--
A redemption may occur at any time before a secured party:
(1) has collected collateral under section 9607 (relating to collection and enforcement by secured party);
(2) has disposed of collateral or entered into a contract for its disposition under section 9610 (relating to disposition of collateral after default); or
(3) has accepted collateral in full or partial satisfaction of the obligation it secures under section 9622 (relating to effect of acceptance of collateral).
Cross References.
Section 9623 is referred to in sections 9602, 9614, 9624 of this title; section 6259 of Title 12 (Commerce and Trade).
2023 Pennsylvania Consolidated & Unconsolidated Statutes › Title 13 - COMMERCIAL CODE › Chapter 96 - Default › Section 9624 - Waiver

§ 9624. Waiver.
(a) Waiver of disposition notification.--
A debtor or secondary obligor may waive the right to notification of disposition of collateral under section 9611 (relating to notification before disposition of collateral) only by an agreement to that effect entered into and authenticated after default.
(b) Waiver of mandatory disposition.--
A debtor may waive the right to require disposition of collateral under section 9620(e) (relating to mandatory disposition of consumer goods) only by an agreement to that effect entered into and authenticated after default.
(c) Waiver of redemption right.--
Except in a consumer-goods transaction, a debtor or secondary obligor may waive the right to redeem collateral under section 9623 (relating to right to redeem collateral) only by an agreement to that effect entered into and authenticated after default.
Cross References.
Section 9624 is referred to in sections 9602, 9620 of this title; section 6259 of Title 12 (Commerce and Trade).
2023 Pennsylvania Consolidated & Unconsolidated Statutes › Title 13 - COMMERCIAL CODE › Chapter 96 - Default › Section 9626 - Action in which deficiency or surplus is in issue

§ 9626. Action in which deficiency or surplus is in issue.
(a) Applicable rules if amount of deficiency or surplus in issue.
--In an action arising from a transaction, other than a consumer transaction, in which the amount of a deficiency or surplus is in issue, the following rules apply:
(1) A secured party need not prove compliance with the provisions of this chapter relating to collection, enforcement, disposition or acceptance unless the debtor or a secondary obligor places the secured party's compliance in issue.
(2) If the secured party's compliance is placed in issue, the secured party has the burden of establishing that the collection, enforcement, disposition or acceptance was conducted in accordance with this chapter.
(3) Except as otherwise provided in section 9628
(relating to nonliability and limitation on liability of secured party; liability of secondary obligor), if a secured party fails to prove that the collection, enforcement, disposition or acceptance was conducted in accordance with the provisions of this chapter relating to collection, enforcement, disposition or acceptance, the liability of a debtor or a secondary obligor for a deficiency is limited to an amount by which the sum of the secured obligation, expenses and attorney fees exceeds the greater of:
(i) the proceeds of the collection, enforcement, disposition or acceptance; or
(ii) the amount of proceeds which would have been realized had the noncomplying secured party proceeded in accordance with the provisions of this chapter relating to collection, enforcement, disposition or acceptance.
(4) For purposes of paragraph (3)(ii), the amount of proceeds which would have been realized is equal to the sum of the secured obligation, expenses and attorney fees unless the secured party proves that the amount is less than that sum.
(5) If a deficiency or surplus is calculated under section 9615(f) (relating to calculation of surplus or deficiency in disposition to person related to secured party), the debtor or obligor has the burden of establishing that the amount of proceeds of the disposition is significantly below the range of prices which a complying disposition to a person other than the secured party, a person related to the secured party or a secondary obligor would have brought.
(b) Nonconsumer transactions; no inference.
--The limitation of the rules in subsection (a) to transactions other than consumer transactions is intended to leave to the court the determination of the proper rules in consumer transactions. The court may not infer from that limitation the nature of the proper rule in consumer transactions and may continue to apply established approaches.
Cross References.
Section 9626 is referred to in sections 9602, 9625 of this title.
2023 Pennsylvania Consolidated & Unconsolidated Statutes › Title 13 - COMMERCIAL CODE › Chapter 96 - Default › Section 9627 - Determination of whether conduct was commercially reasonable

§ 9627. Determination of whether conduct was commercially
reasonable.
(a) Greater amount obtainable under other circumstances; no preclusion of commercial reasonableness.
--The fact that a greater amount could have been obtained by a collection, enforcement, disposition or acceptance at a different time or in a different method from that selected by the secured party is not of itself sufficient to preclude the secured party from establishing that the collection, enforcement, disposition or acceptance was made in a commercially reasonable manner.
(b) Dispositions which are commercially reasonable.
--A disposition of collateral is made in a commercially reasonable manner if the disposition is made:
(1) in the usual manner on any recognized market;
(2) at the price current in any recognized market at the time of the disposition; or
(3) otherwise in conformity with reasonable commercial practices among dealers in the type of property which was the subject of the disposition.
(c) Approval by court or on behalf of creditors.
--A collection, enforcement, disposition or acceptance is commercially reasonable if it has been approved:
(1) in a judicial proceeding;
(2) by a bona fide creditors' committee;
(3) by a representative of creditors; or
(4) by an assignee for the benefit of creditors.
(d) Approval under subsection (c) not necessary; absence of approval has no effect.
--Approval under subsection (c) need not be obtained, and lack of approval does not mean that the collection, enforcement, disposition or acceptance is not commercially reasonable.
2023 Pennsylvania Consolidated & Unconsolidated Statutes › Title 13 - COMMERCIAL CODE › Chapter 96 - Default › Section 9628 - Nonliability and limitation on liability of secured party; liability of secondary obligor

§ 9628. Nonliability and limitation on liability of secured
party; liability of secondary obligor.
(a) Limitation of liability of secured party for noncompliance with division.
--Unless a secured party knows that a person is a debtor or obligor, knows the identity of the person and knows how to communicate with the person:
(1) the secured party is not liable to the person or to a secured party or lienholder that has filed a financing statement against the person for failure to comply with this division; and
(2) the secured party's failure to comply with this division does not affect the liability of the person for a deficiency.
(b) Limitation of liability based on status as secured party.
--A secured party is not liable because of its status as secured party to any of the following:
(1) A person that is a debtor or obligor unless the secured party knows:
(i) that the person is a debtor or obligor;
(ii) the identity of the person; and
(iii) how to communicate with the person.
(2) A secured party or lienholder that has filed a financing statement against a person unless the secured party knows:
(i) that the person is a debtor; and
(ii) the identity of the person.
(c) Limitation of liability if reasonable belief that transaction not a consumer-goods transaction or consumer transaction.--A secured party is not liable to any person, and a person's liability for a deficiency is not affected, because of any act or omission arising out of the secured party's reasonable belief that a transaction is not a consumer-goods transaction or a consumer transaction or that goods are not consumer goods if the secured party's belief is based on its reasonable reliance on:
(1) a debtor's representation concerning the purpose for which collateral was to be used, acquired or held; or
(2) an obligor's representation concerning the purpose for which a secured obligation was incurred.
(d) Limitation of liability for statutory damages.
--A secured party is not liable to any person under section 9625(c)(2) (relating to remedies for secured party's failure to comply with division) for its failure to comply with section 9616 (relating to explanation of calculation of surplus or deficiency).
(e) Limitation of multiple liability for statutory damages.
--A secured party is not liable under section 9625(c)(2) more than once with respect to any one secured obligation.
Cross References.
Section 9628 is referred to in sections 9625, 9626 of this title.
2023 Pennsylvania Consolidated & Unconsolidated Statutes › Title 13 - COMMERCIAL CODE › Chapter 97 - Transition Provisions › Section 9700 - Definitions

§ 9700. Definitions.
The following words and terms when used in this chapter shall have the meanings given to them in this section:
"Former Division 9."
The provisions of this title, other than Division 5 (relating to letters of credit), as in effect before the effective date of Revised Division 9.
"Revised Division 9."
The provisions of this title, other than sections 5101 (relating to short title of division) through 5117 (relating to subrogation of issuer, applicant and nominated person), as amended by the Uniform Commercial Code Modernization Act of 2001 and as they may be further amended.
2023 Pennsylvania Consolidated & Unconsolidated Statutes › Title 13 - COMMERCIAL CODE › Chapter 97 - Transition Provisions › Section 9702 - Savings clause

§ 9702. Savings clause.
(a) Pre-effective-date transactions or liens.
--Except as otherwise provided in this chapter, Revised Division 9 applies to a transaction or lien within its scope even if the transaction or lien was entered into or created before the effective date of Revised Division 9.
(b) Continuing validity.
--Except as otherwise provided in subsection (c) and sections 9703 (relating to security interest perfected before effective date) through 9709 (relating to priority) of Revised Division 9:
(1) transactions and liens which were not governed by Former Division 9, were validly entered into or created before the effective date of Revised Division 9 and would be subject to Revised Division 9 if they had been entered into or created after the effective date of Revised Division 9 and the rights, duties and interests flowing from those transactions and liens remain valid after the effective date of Revised Division 9; and
(2) transactions and liens may be terminated, completed, consummated and enforced as required or permitted by Revised Division 9 or by the law which otherwise would apply if Revised Division 9 had not taken effect.
(c) Pre-effective-date proceedings.
--Revised Division 9 does not affect an action, case or proceeding commenced before the effective date of Revised Division 9.
2023 Pennsylvania Consolidated & Unconsolidated Statutes › Title 13 - COMMERCIAL CODE › Chapter 97 - Transition Provisions › Section 9703 - Security interest perfected before effective date

§ 9703. Security interest perfected before effective date.
(a) Continuing priority over lien creditor: perfection requirements satisfied.
--A security interest which is enforceable immediately before the effective date of Revised Division 9 and would have priority over the rights of a person that becomes a lien creditor at that time is a perfected security interest under Revised Division 9 if, when Revised Division 9 takes effect, the applicable requirements for enforceability and perfection under Revised Division 9 are satisfied without further action.
(b) Continuing priority over lien creditor: perfection requirements not satisfied.
--Except as otherwise provided in section 9705 of Revised Division 9 (relating to effectiveness of action taken before effective date), if, immediately before Revised Division 9 takes effect, a security interest is enforceable and would have priority over the rights of a person that becomes a lien creditor at that time, but the applicable requirements for enforceability or perfection under Revised Division 9 are not satisfied when Revised Division 9 takes effect, the security interest:
(1) is a perfected security interest for one year after Revised Division 9 takes effect;
(2) remains enforceable thereafter only if the security interest becomes enforceable under section 9203 of Revised Division 9 (relating to attachment and enforceability of security interest; proceeds; supporting obligations; formal requisites) before the year expires; and
(3) remains perfected thereafter only if the applicable requirements for perfection under Revised Division 9 are satisfied before the year expires.
Cross References.
Section 9703 is referred to in section 9702 of this title.
2023 Pennsylvania Consolidated & Unconsolidated Statutes › Title 13 - COMMERCIAL CODE › Chapter 97 - Transition Provisions › Section 9704 - Security interest unperfected before effective date

§ 9704. Security interest unperfected before effective date.
A security interest which is enforceable immediately before Revised Division 9 takes effect but which would be subordinate to the rights of a person that becomes a lien creditor at that time:
(1) Remains an enforceable security interest for one year after Revised Division 9 takes effect.
(2) Remains enforceable thereafter if the security interest becomes enforceable under section 9203 of Revised Division 9 (relating to attachment and enforceability of security interest; proceeds; supporting obligations; formal requisites) when Revised Division 9 takes effect or within one year thereafter.
(3) Becomes perfected:
(i) without further action when Revised Division 9 takes effect if the applicable requirements for perfection under Revised Division 9 are satisfied before or at that time; or
(ii) when the applicable requirements for perfection are satisfied if the requirements are satisfied after that time.
Cross References.
Section 9704 is referred to in section 9702 of this title.
2023 Pennsylvania Consolidated & Unconsolidated Statutes › Title 13 - COMMERCIAL CODE › Chapter 97 - Transition Provisions › Section 9706 - When initial financing statement suffices to continue effectiveness of financing statement

§ 9706. When initial financing statement suffices to continue
effectiveness of financing statement.
(a) Initial financing statement in lieu of continuation statement.
--The filing of an initial financing statement in the office specified in section 9501 of Revised Division 9 (relating to filing office) continues the effectiveness of a financing statement filed before Revised Division 9 takes effect if:
(1) the filing of an initial financing statement in that office would be effective to perfect a security interest under Revised Division 9;
(2) the pre-effective-date financing statement was filed in an office in another state or another office in this Commonwealth;
(3) the initial financing statement satisfies subsection
(c); and
(4) with respect to a pre-effective-date financing statement which, but for section 9705(c)(2) (relating to effectiveness of action taken before effective date), would cease to be effective after June 30, 2006, the initial financing statement is filed:
(i) after December 29, 2005; and
(ii) before July 1, 2006.
(b) Period of continued effectiveness.
--The filing of an initial financing statement under subsection (a) continues the effectiveness of the pre-effective-date financing statement:
(1) if the initial financing statement is filed before Revised Division 9 takes effect, for the period provided in section 9403 of Former Division 9 (relating to what constitutes filing; duration of filing; effect of lapsed filing; duties of filing officer) with respect to a financing statement; and
(2) if the initial financing statement is filed after Revised Division 9 takes effect, for the period provided in section 9515 of Revised Division 9 (relating to duration and effectiveness of financing statement; effect of lapsed financing statement) with respect to an initial financing statement.
(c) Requirements for initial financing statement under subsection (a).
--To be effective for purposes of subsection (a), an initial financing statement must:
(1) satisfy the requirements of Chapter 95 of Revised Division 9 (relating to filing) for an initial financing statement;
(2) identify the pre-effective-date financing statement by indicating the office in which the financing statement was filed and providing the dates of filing and file numbers, if any, of the financing statement and of the most recent continuation statement filed with respect to the financing statement; and
(3) indicate that the pre-effective-date financing statement remains effective. (June 30, 2006, P.L.290, No.64, eff. imd.)
2006 Amendment.
Act 64 amended subsec. (a). Section 2 of Act 64 provided that nothing in the amendment of subsec. (a) shall render ineffective a continuation statement that was filed prior to the effective date of section 2.
Cross References.
Section 9706 is referred to in sections 9702, 9705, 9707 of this title.
2023 Pennsylvania Consolidated & Unconsolidated Statutes › Title 13 - COMMERCIAL CODE › Chapter 97 - Transition Provisions › Section 9708 - Persons entitled to file initial financing statement or continuation statement

§ 9708. Persons entitled to file initial financing statement or
continuation statement.
A person may file an initial financing statement or a continuation statement under this chapter if all of the following paragraphs apply:
(1) The secured party of record authorizes the filing.
(2) The filing is necessary under this chapter:
(i) to continue the effectiveness of a financing statement filed before Revised Division 9 takes effect; or
(ii) to perfect or continue the perfection of a security interest.
Cross References.
Section 9708 is referred to in section 9702 of this title.
2023 Pennsylvania Consolidated & Unconsolidated Statutes › Title 13 - COMMERCIAL CODE › Chapter 97 - Transition Provisions › Section 9709 - Priority

§ 9709. Priority.
(a) Law governing priority.
--Revised Division 9 determines the priority of conflicting claims to collateral. However, if the relative priorities of the claims were established before Revised Division 9 takes effect, Former Division 9 determines priority.
(b) Priority if security interest becomes enforceable under section 9203 of Revised Division 9.
--For purposes of section 9322(a) of Revised Division 9 (relating to general priority rules), the priority of a security interest which becomes enforceable under section 9203 of Revised Division 9 (relating to attachment and enforceability of security interest; proceeds; supporting obligations; formal requisites) dates from the time Revised Division 9 takes effect if the security interest is perfected under Revised Division 9 by the filing of a financing statement before Revised Division 9 takes effect which financing statement would not have been effective to perfect the security interest under Former Division 9. This subsection does not apply to conflicting security interests each of which is perfected by the filing of such a financing statement.
Cross References.
Section 9709 is referred to in section 9702 of this title.
2023 Pennsylvania Consolidated & Unconsolidated Statutes › Title 13 - COMMERCIAL CODE › Chapter 97 - Transition Provisions › Section 9710 - Operations of prothonotaries' offices after effective date

§ 9710. Operations of prothonotaries' offices after effective
date.
(a) Definitions.
--As used in this section, the following words and phrases shall have the meanings given to them in this subsection: "Former Division 9 records." The following records:
(1) Financing statements and other records that have been filed in a prothonotary's office pursuant to Former Division 9 before July 1, 2001, and that are, or upon processing and indexing will be, reflected in the index maintained as of June 30, 2001, by the prothonotary's office for financing statements and other records filed in the prothonotary's office before July 1, 2001.
(2) The index as of June 30, 2001. The term does not include records presented to a prothonotary's office for filing after June 30, 2001, whether or not the records relate to financing statements filed in the prothonotary's office before July 1, 2001. "Prothonotary's office." The office of a prothonotary of a county of this Commonwealth.
(b) No records to be accepted after June 30, 2001.
--A prothonotary's office must not accept for filing a record presented after June 30, 2001, whether or not the record relates to a financing statement filed in the prothonotary's office before July 1, 2001.
(c) Maintenance of Former Division 9 records.
--Until July 1, 2008, each prothonotary's office must maintain all Former Division 9 records in accordance with Former Division 9. A Former Division 9 record that is not reflected on the index maintained at June 30, 2001, by the prothonotary's office must be processed and indexed and reflected on the index as of June 30, 2001, as soon as practicable but in any event no later than July 30, 2001.
(d) Response to information requests.
--Until June 30, 2008, each prothonotary's office shall respond to requests for information with respect to Former Division 9 records relating to a debtor and issue certificates in accordance with Former Division 9. The fees charged for responding to requests for information relating to a debtor and issuing certificates with respect to Former Division 9 records must be the fees in effect under Former Division 9 on June 30, 2001, unless a different fee is established by regulation issued by the Department of State pursuant to section 9525 of Revised Division 9 (relating to fees).
(e) Removal and destruction of Former Division 9 records.
-- After June 30, 2008, each prothonotary's office may remove and destroy, in accordance with any then applicable record retention law of this Commonwealth, all Former Division 9 records, including the related index.
2023 Pennsylvania Consolidated & Unconsolidated Statutes › Title 13 - COMMERCIAL CODE › Chapter 98 - Transition Provisions for 2013 Amendments › Section 9800 - Definitions

§ 9800. Definitions.
The following words and phrases when used in this chapter shall have the meanings given to them in this section unless the context clearly indicates otherwise:
"2013 Revision."
The amendments which:
(1) affect this division; and
(2) are made by the act of June 27, 2013 (P.L.154, No.30), entitled "An act amending Titles 13 (Commercial Code), 30 (Fish) and 75 (Vehicles) of the Pennsylvania Consolidated Statutes, revising secured transaction provisions relating to definitions, to control of electronic chattel paper, to location of debtor, to perfection of security interests in property subject to certain statutes, regulations and treaties, to continued perfection of security interest following change in governing law, to interests which take priority over or take free of security interest or agricultural lien, to priority of security interests created by new debtor, to discharge of account debtor, notification of assignment, identification and proof of assignment, restrictions on assignment of accounts, chattel paper, payment intangibles and promissory notes ineffective, to restrictions on assignment of promissory notes, health-care-insurance receivables and certain general intangibles ineffective, to contents of financing statement, record of mortgage as financing statement, time of filing financing statement, to name of debtor and secured party, to effect of certain events on effectiveness of financing statement, to duration and effectiveness of financing statement, effect of lapsed financing statement, to what constitutes filing, effectiveness of filing, to claim concerning inaccurate or wrongfully filed record and to collection and enforcement by secured party; providing for transition provisions for 2013 amendments; imposing duties upon the Department of State and the Department of Transportation; and making editorial changes."
2023 Pennsylvania Consolidated & Unconsolidated Statutes › Title 13 - COMMERCIAL CODE › Chapter 98 - Transition Provisions for 2013 Amendments › Section 9802 - Savings clause

§ 9802. Savings clause.
(a) Pre-effective-date transactions or liens.--
Except as otherwise provided in this division, the 2013 Revision applies to a transaction or lien within its scope, even if the transaction or lien was entered into or created before the 2013 Revision takes effect.
(b) Pre-effective-date proceedings.--
The 2013 Revision does not affect an action, case or proceeding commenced before the 2013 Revision takes effect.
2023 Pennsylvania Consolidated & Unconsolidated Statutes › Title 13 - COMMERCIAL CODE › Chapter 98 - Transition Provisions for 2013 Amendments › Section 9803 - Security interest perfected before effective date

§ 9803. Security interest perfected before effective date.
(a) Continuing perfection; perfection requirements satisfied.--
A security interest that is a perfected security interest immediately before the 2013 Revision takes effect is a perfected security interest under this division as amended by the 2013 Revision if, when the 2013 Revision takes effect, the applicable requirements for attachment and perfection under this division as amended by the 2013 Revision are satisfied without further action.
(b) Continuing perfection; perfection requirements not satisfied.--
Except as otherwise provided in section 9805 (relating to effectiveness of action taken before effective date), if, immediately before the 2013 Revision takes effect, a security interest is a perfected security interest, but the applicable requirements for perfection under this division as amended by the 2013 Revision are not satisfied when the 2013 Revision takes effect, the security interest remains perfected thereafter only if the applicable requirements for perfection under this division as amended by the 2013 Revision are satisfied within one year after the 2013 Revision takes effect.
2023 Pennsylvania Consolidated & Unconsolidated Statutes › Title 13 - COMMERCIAL CODE › Chapter 98 - Transition Provisions for 2013 Amendments › Section 9804 - Security interest unperfected before effective date

§ 9804. Security interest unperfected before effective date.
A security interest that is an unperfected security interest immediately before the 2013 Revision takes effect becomes a perfected security interest:
(1) without further action when the 2013 Revision takes effect if the applicable requirements for perfection under this division as amended by the 2013 Revision are satisfied before or at that time; or
(2) when the applicable requirements for perfection are satisfied if the requirements are satisfied after that time.
2023 Pennsylvania Consolidated & Unconsolidated Statutes › Title 13 - COMMERCIAL CODE › Chapter 98 - Transition Provisions for 2013 Amendments › Section 9806 - When initial financing statement suffices to continue effectiveness of financing statement

§ 9806. When initial financing statement suffices to continue effectiveness of financing statement.
(a) Initial financing statement in lieu of continuation statement.--
The filing of an initial financing statement in the office specified in section 9501 (relating to filing office) continues the effectiveness of a financing statement filed before the 2013 Revision takes effect if:
(1) the filing of an initial financing statement in that office would be effective to perfect a security interest under this division as amended by the 2013 Revision;
(2) the pre-effective-date financing statement was filed in an office in another state; and
(3) the initial financing statement satisfies subsection (c).
(b) Period of continued effectiveness.--
The filing of an initial financing statement under subsection (a) continues the effectiveness of the pre-effective-date financing statement:
(1) if the initial financing statement is filed before the 2013 Revision takes effect, for the period provided in section 9515(a), (b), (c), (d), (e) and (g) (relating to duration and effectiveness of financing statement; effect of lapsed financing statement) with respect to an initial financing statement; and
(2) if the initial financing statement is filed after the 2013 Revision takes effect, for the period provided in section 9515(f) as amended by the 2013 Revision with respect to an initial financing statement.
(c) Requirements for initial financing statement under subsection (a).--
To be effective for purposes of subsection (a), an initial financing statement must:
(1) satisfy the requirements of Chapter 95 (relating to filing) as amended by the 2013 Revision for an initial financing statement;
(2) identify the pre-effective-date financing statement by indicating the office in which the financing statement was filed and providing the dates of filing and file numbers, if any, of the financing statement and of the most recent continuation statement filed with respect to the financing statement; and
(3) indicate that the pre-effective-date financing statement remains effective.
Cross References.
Section 9806 is referred to in sections 9805, 9807 of this title.
2023 Pennsylvania Consolidated & Unconsolidated Statutes › Title 13 - COMMERCIAL CODE › Chapter 98 - Transition Provisions for 2013 Amendments › Section 9807 - Amendment of pre-effective-date financing statement

§ 9807. Amendment of pre-effective-date financing statement.
(a) Definitions.--
Refer to subsection (f).
(b) Applicable law.--
After the 2013 Revision takes effect, a person may add or delete collateral covered by, continue or terminate the effectiveness of, or otherwise amend the information provided in, a pre-effective-date financing statement only in accordance with the law of the jurisdiction governing perfection as provided in this division as amended by the 2013 Revision. However, the effectiveness of a pre-effective-date financing statement also may be terminated in accordance with the law of the jurisdiction in which the financing statement is filed.
(c) Method of amending: general rule.--
Except as otherwise provided in subsection (d), if the law of this Commonwealth governs perfection of a security interest, the information in a pre-effective-date financing statement may be amended after the 2013 Revision takes effect only if:
(1) the pre-effective-date financing statement and an amendment are filed in the office specified in section 9501 (relating to filing office);
(2) an amendment is filed in the office specified in section 9501 concurrently with, or after the filing in that office of, an initial financing statement that satisfies section 9806(c) (relating to when initial financing statement suffices to continue effectiveness of financing statement); or
(3) an initial financing statement that provides the information as amended and satisfies section 9806(c) is filed in the office specified in section 9501.
(d) Method of amending: continuation.--
If the law of this Commonwealth governs perfection of a security interest, the effectiveness of a pre-effective-date financing statement may be continued only under section 9805(c) and (e) (relating to effectiveness of action taken before effective date) or 9806.
(e) Method of amending: additional termination rule.--
Whether or not the law of this Commonwealth governs perfection of a security interest, the effectiveness of a pre-effective-date financing statement filed in this Commonwealth may be terminated after the 2013 Revision takes effect by filing a termination statement in the office in which the pre-effective-date financing statement is filed, unless an initial financing statement that satisfies section 9806(c) has been filed in the office specified by the law of the jurisdiction governing perfection as provided in this division as amended by the 2013 Revision as the office in which to file a financing statement.
(f) Definition.--
As used in this section, the term "pre-effective-date financing statement" means a financing statement filed before the 2013 Revision takes effect.
2023 Pennsylvania Consolidated & Unconsolidated Statutes › Title 13 - COMMERCIAL CODE › Chapter 98 - Transition Provisions for 2013 Amendments › Section 9808 - Person entitled to file initial financing statement or continuation statement

§ 9808. Person entitled to file initial financing statement or continuation statement.
A person may file an initial financing statement or a continuation statement under this part if:
(1) the secured party of record authorizes the filing; and
(2) the filing is necessary under this part:
(i) to continue the effectiveness of a financing statement filed before the 2013 Revision takes effect; or
(ii) to perfect or continue the perfection of a security interest.
2023 Pennsylvania Consolidated & Unconsolidated Statutes › Title 13 - COMMERCIAL CODE › Chapter 98 - Transition Provisions for 2013 Amendments › Section 9809 - Priority

§ 9809. Priority.
The 2013 Revision determines the priority of conflicting claims to collateral. However, if the relative priorities of the claims were established before the 2013 Revision takes effect, this division as it existed before amendment determines priority.
2023 Pennsylvania Consolidated & Unconsolidated Statutes › Title 15 - CORPORATIONS AND UNINCORPORATED ASSOCIATIONS › Chapter 1 - General Provisions › Extra - Chapter Notes

Enactment.
Chapter 1 was added December 21, 1988, P.L.1444, No.177, effective October 1, 1989.
Prior Provisions.
Former Chapter 1, which related to the same subject matter, was added November 15,
            1972, P.L.1063, No.271, and repealed December 21, 1988, P.L.1444, No.177, effective
            October 1, 1989.
Cross References.
Chapter 1 is referred to in sections 7102, 8415, 8615, 8815 of this title.
Cross References.
Subchapter B is referred to in section 7123 of this title; section 102 of Title 54
            (Names).
Enactment.
Subchapter C was added December 19, 1990, P.L.834, No.198, effective January 1, 1991.
Prior Provisions.
Former Subchapter C, which related to definitive and contingent domestication of foreign
            associations, was added December 21, 1988, P.L.1444, No.177, and relettered to Subchapter
            D December 19, 1990, P.L.834, No.198, effective immediately.
Cross References.
Subchapter C is referred to in sections 105, 8221, 8998 of this title.
Enactment.
Subchapter D was added as Subchapter C December 21, 1988, P.L.1444, No.177, effective
            October 1, 1989, and was relettered to Subchapter D December 19, 1990, P.L.834, No.198,
            effective immediately.
2023 Pennsylvania Consolidated & Unconsolidated Statutes › Title 15 - CORPORATIONS AND UNINCORPORATED ASSOCIATIONS › Chapter 1 - General Provisions › Section 101 - Short title and application of title

§ 101. Short title and application of title.
(a) Short title of title.--
This title shall be known and may be cited as the Associations Code.
(b) Application of title.--
Except as otherwise provided in the scope provisions of subsequent provisions of this title, this title shall apply to every association heretofore or hereafter incorporated or otherwise organized.
(c) References to prior statutes.--
A reference in the organic rules of an association to any provision of law supplied or repealed by this title shall be deemed to be a reference to the superseding provision of this title.
(Nov. 21, 2016, P.L.1328, No.170, eff. 90 days)
2016 Amendment.
Act 170 amended subsec. (c).
Cross References.
Section 101 is referred to in sections 1102, 2541, 2551, 5102 of this title.
2023 Pennsylvania Consolidated & Unconsolidated Statutes › Title 15 - CORPORATIONS AND UNINCORPORATED ASSOCIATIONS › Chapter 1 - General Provisions › Section 103 - Subordination of title to regulatory laws

§ 103. Subordination of title to regulatory laws.
(a) Regulatory laws unaffected.--
This title is not intended to authorize any corporation or other association to do any act prohibited by any statute regulating the business of the association or by any rule or regulation validly promulgated thereunder by any department, board or commission of this Commonwealth. Except as otherwise provided by the statutes and prescribed by the rules and regulations promulgated thereunder applicable to the business of the association, the issuance by the Department of State of any certificate evidencing the incorporation of a corporation or the filing of an instrument with respect to or the organization or qualification of an association under this title or any amendment to its articles or certificate or other change in its status or other action under this title shall not be effective to exempt the association from any of the requirements of those statutes or rules and regulations.
(b) Compliance with regulatory laws condition precedent to effectiveness of corporate or other action.--
Any document filed in the Department of State or any bylaw adopted or other corporate or other action taken under the authority of this title or other action pursuant thereto in violation of any statutes or rules or regulations regulating the business of the association shall be ineffective as against the Commonwealth, including the departments, boards and commissions thereof, unless and until the violation is cured.
(c) Structural provisions in regulatory statutes controlling.--
If and to the extent that a statute regulating the business of a corporation or other association sets forth provisions relating to the government and regulation of the affairs of associations that are inconsistent with the provisions of this title on the same subject, the provisions of the other statute shall control.
(Dec. 18, 1992, P.L.1333, No.169, eff. 60 days)
1992 Amendment.
Act 169 amended subsec. (a).
Cross References.
Section 103 is referred to in sections 202, 318, 1501, 1524, 1903, 2105, 5501, 5903, 8102, 8204 of this title.
2023 Pennsylvania Consolidated & Unconsolidated Statutes › Title 15 - CORPORATIONS AND UNINCORPORATED ASSOCIATIONS › Chapter 1 - General Provisions › Section 104 - Equitable remedies

§ 104. Equitable remedies.
Except to the extent otherwise provided in this title in cases where a statutory remedy is provided by this title, the court shall have the powers of a court of equity or chancery insofar as those powers relate to the supervision and control of corporations and other associations.
2023 Pennsylvania Consolidated & Unconsolidated Statutes › Title 15 - CORPORATIONS AND UNINCORPORATED ASSOCIATIONS › Chapter 1 - General Provisions › Section 105 - Fees

§ 105. Fees.
(a) General rule.--
The Department of State shall be entitled to receive for services performed, as required by this title and other applicable provisions of law, such fees as are specified in or pursuant to Subchapter C (relating to Corporation Bureau and UCC fees).
(b) Other services.--
Any other department, board, commission or officer of this Commonwealth shall be entitled to receive for services performed, as required by this title, such fees as are or may be lawfully charged for those or similar services.
(Dec. 19, 1990, P.L.834, No.198, eff. imd.)
2023 Pennsylvania Consolidated & Unconsolidated Statutes › Title 15 - CORPORATIONS AND UNINCORPORATED ASSOCIATIONS › Chapter 1 - General Provisions › Section 106 - Effect of filing papers required to be filed

§ 106. Effect of filing papers required to be filed.
The filing of articles or of any other papers or documents pursuant to the provisions of this title is required for the purpose of affording all persons the opportunity of acquiring knowledge of the contents thereof, but, except as otherwise provided by statute, no person shall be charged with constructive notice of the contents of any articles, papers or documents by reason of the filing.
2023 Pennsylvania Consolidated & Unconsolidated Statutes › Title 15 - CORPORATIONS AND UNINCORPORATED ASSOCIATIONS › Chapter 1 - General Provisions › Section 107 - Form of records

§ 107. Form of records.
(a) General rule.--
Information maintained or administered by or on behalf of a corporation or other association in the regular course of its business or activities, including shareholder or membership records, books of account and minute books, may be kept in record form.
(b) Meaning of "written".--
References in this title to a document in writing or to a written provision of an agreement or other document shall be deemed to include and be satisfied by a document or provision of an agreement or document in record form.
(July 9, 2013, P.L.476, No.67, eff. 60 days; Nov. 3, 2022, P.L.1791, No.122, eff. 60 days)
2022 Amendment.
Act 122 amended subsec. (a).
Cross References.
Section 107 is referred to in sections 1508, 1512, 5508, 5512 of this title.