Editing Uniform Commercial Code (section)

==Article 9==

{{further|Secured transactions in the United States}}

Article 9 governs security interests in [[personal property]] as [[collateral (finance)|collateral]] to secure a [[debt]]. A [[creditor]] with a security interest is called a ''secured party''.

Fundamental concepts under Article 9 include how a security interest is created (called ''attachment''); how to give notice of a security interest to the public, which makes the security interest enforceable against others who may claim an interest in the collateral (called ''perfection''); when multiple claims to the same collateral exist, determining which interests prevail over others (called ''priority''); and what remedies a secured party has if the debtor defaults in payment or performance of the secured obligation.

Article 9 does not govern security interests in real property, except fixtures to real property. Security interests in real property include [[mortgage loan|mortgage]]s, [[deed of trust (real estate)|deeds of trust]]s, and [[land contract|installment land contract]]s. There may be significant legal issues around security interests in [[bitcoin]].<ref>{{cite web|last1=Cowan|first1=Miles|title=Uniform Commercial Code and Bitcoin|url=https://www.weusecoins.com/uniform-commercial-code-bitcoin/|website=We Use Coins|access-date=27 November 2014}}</ref>

The obligee which is the debtor shall return all assets stated in the collateral to secured party after the perfection of default by secured party in response to protest by the Obligee within specified time frame in the civil code and UCC Article 9-3.

The [[Model Tribal Secured Transactions Act]] (MTSTA) is a [[model act]] written by the [[Uniform Law Commission]] (ULC) and tailored to provide [[Tribe (Native American)|Native American tribes]] with a legal system to govern secured transactions in [[Indian country]].  It was derived from the UCC, primarily Article 9.