Article 9

Article 9

The section of the Uniform Commercial Code on collateral. It discusses what collateral can be used, who owns it in the event of default, and the circumstances under which a creditor can take possession of property.
References in periodicals archive ?
Installing or using software to damage, hinder or obstruct use of devices (viruses, malware), to intercept data (spyware) or to change network protocol address (Article 8, Article 9, Article 10, Article 15.) Punishment is different if:
The place of supply for services is determined in accordance with Article 9 and Article 28b(C), (D), (E), and (F).
Besides the broad interpretive claims of the Court and the formal amendment process mentioned above, both of which are certain to continuously enlarge the ICC's global reach, the ICC's powers easily may be expanded ad infinitum by amendment of its institutional structure (Article 122), the Rules of Procedure and Evidence (Article 51), or the Elements of Crimes (Article 9).
Important revisions to Article 9 of the UCC Code, which governs secured transactions, were signed into law, effective July 1.
The revised Article 9 defines, for the first time, a "cooperative interest" as an interest in a "cooperative organization," which is now coupled with the right to occupy (possessory rights of a proprietary nature) an identifiable physical space belonging to the cooperative corporation.
In fact, on the NYS Department of State's web site, filers are now warned that the standard forms used for filing under the former Article 9 are no longer compatible with the new requirements under the revised Article 9, and will no longer be accepted for filing.
These new definitions and rules take on further significance to all current secured parties who perfected their liens under the old Article 9 in cooperative organizations.
"Popular organizations" and the "cooperative societies" are defined as organizations incorporating the working forces of the people with the view to develop society and realize the interests of its individual members (Article 9); the "People's Council" (Parliament) - as the democratically elected institution through which the citizens exercise their rights of administration of the state and leadership of society; and finally the "state" - as an instrument in the service of the people and its institutions committed to the defense of the basic rights of the citizens, the development of their lives and the support of the popular organization (Article 12).
Article 8 of the Law of 1958 determined that UAR Consulates abroad will maintain records of persons granted Certificates of Emigre Citizens; Article 9 granted the holders of these Certificates the right of entry into the UAR (presumably on a foreign passport) without obtaining an entry visa; the right of residence in the UAR; the right to work in the UAR; and the enjoyment of other rights as determined by the President of the Republic.
The Standard REBNY commercial office lease attempts to address the duties and obligations associated with the happening of these events in two paragraphs: Events requiring relatively minor repairs are dealt with in Article 4, the "repair" clause; while major casualties are addressed in Article 9, the "destruction.
The no-rent-abatement clause of Article 4 specifically cross-references the destruction clause of Article 9, under which a tenant may be eligible for an abatement of rent.