Michigan Compiled Laws 174-1962-9-2-1. Subpart 1. Effectiveness And Attachment (440.9201...440.9206)

• Section 440.9201 General Effectiveness Of Security Agreement.
  (1) Except as otherwise provided in this act, a security agreement is effective according to its terms between the parties, against purchasers of the...
• Section 440.9202 Title To Collateral Immaterial.
  Except as otherwise provided with respect to consignments or sales of accounts, chattel paper, payment intangibles, or promissory notes, the provisions of this article...
• Section 440.9203 Attachment And Enforcement Of Security Interest; Proceeds; Supporting Obligations; Formal Requisites.
  (1) A security interest attaches to collateral when it becomes enforceable against the debtor with respect to the collateral, unless an agreement expressly postpones...
• Section 440.9204 After-acquired Property; Future Advances.
  (1) Except as otherwise provided in subsection (2), a security agreement may create or provide for a security interest in after-acquired collateral. (2) A...
• Section 440.9205 Use Or Disposition Of Collateral Permissible.
  (1) A security interest is not invalid or fraudulent against creditors solely because of either of the following: (a) The debtor has the right...
• Section 440.9206 Security Interest Arising In Purchase Or Delivery Of Financial Asset.
  (1) A security interest in favor of a securities intermediary attaches to a person's security entitlement if the person buys a financial asset through...

Last modified: October 10, 2016