J. MILLARD TAWES, Governor                        917

same rights and privileges as the issuer has in regard to those
functions.

(2) Notice to an authenticating trustee, transfer agent, registrar
or other such agent is notice to the issuer with respect to the func-
tions performed by the agent.

Sub-title 9

Secured Transactions; Sales

Of Accounts, Contract
Rights and Chattel Paper

Part 1

Short Title, Applicability and Definitions
9—101. Short Title.

This Sub-title shall be known and may be cited as Uniform Com-
mercial Code—Secured Transactions.

9—102. Policy and Scope of Sub-title.

(1)  Except as otherwise provided in Section 9—103 on multiple
state transactions and in Section 9—104 on excluded transactions,
this Sub-title applies so far as concerns any personal property and
fixtures within the jurisdiction of this State

(a)  to any transaction (regardless of its form) which is intended
to create a security interest in personal property or fixtures including
goods, documents, instruments, general intangibles, chattel paper,
accounts or contract rights; and also

(b)  to any sale of accounts, contract rights or chattel paper.

(2)   This Sub-title applies to security interests created by contract
including pledge, assignment, chattel mortgage, chattel trust, trust
deed, factor's lien, equipment trust, conditional sale, trust receipt,
other lien or title retention contract and lease or consignment in-
tended as security. This Sub-title does not apply to statutory liens
except as provided in Section 9—310.

(3)   The application of this Sub-title to a security interest in a
secured obligation is not affected by the fact that the obligation is
itself secured by a transaction or interest to which this Sub-title does
not apply.

9—103. Accounts, Contract Rights, General Intangibles and Equip-
ment Relating to Another Jurisdiction; and Incoming Goods Already
Subject to a Security Interest.

(1)  If the office where the assignor of accounts or contract rights
keeps his records concerning them is in this state, the validity and
perfection of a security interest therein and the possibility and effect
of proper filing is governed by this Sub-title; otherwise by the law
(including the conflict of laws rules) of the jurisdiction where such
office is located.

(2)  If the chief place of business of a debtor is in this state, this