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Session Laws, 1999
Volume 796, Page 2040   View pdf image
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(21) "CONSIGNOR" MEANS A PERSON THAT DELIVERS GOODS TO A
CONSIGNEE IN A CONSIGNMENT.

(22) "CONSUMER DEBTOR" MEANS A DEBTOR IN A CONSUMER
TRANSACTION.

(23) "CONSUMER GOODS" MEANS GOODS THAT ARE USED OR BOUGHT
FOR USE PRIMARILY FOR PERSONAL, FAMILY, OR HOUSEHOLD PURPOSES.

(24) "CONSUMER-GOODS TRANSACTION" MEANS A CONSUMER
TRANSACTION IN WHICH:

(A) AN INDIVIDUAL INCURS AN OBLIGATION PRIMARILY FOR
PERSONAL, FAMILY, OR HOUSEHOLD PURPOSES; AND

(B) A SECURITY INTEREST IN CONSUMER GOODS SECURES THE

OBLIGATION.

(25) "CONSUMER OBLIGOR" MEANS AN OBLIGOR WHO IS AN INDIVIDUAL
AND WHO INCURRED THE OBLIGATION AS PART OF A TRANSACTION ENTERED INTO
PRIMARILY FOR PERSONAL, FAMILY, OR HOUSEHOLD PURPOSES.

(26) "CONSUMER TRANSACTION" MEANS A TRANSACTION IN WHICH (I) AN
INDIVIDUAL INCURS AN OBLIGATION PRIMARILY FOR PERSONAL, FAMILY, OR
HOUSEHOLD PURPOSES, (II) A SECURITY INTEREST SECURES THE OBLIGATION, AND
(III) THE COLLATERAL IS HELD OR ACQUIRED PRIMARILY FOR PERSONAL, FAMILY, OR
HOUSEHOLD PURPOSES. THE TERM INCLUDES CONSUMER-GOODS TRANSACTIONS.

(27) "CONTINUATION STATEMENT" MEANS AN AMENDMENT OF A
FINANCING STATEMENT WHICH:

(A) IDENTIFIES, BY ITS FILE NUMBER THE INITIAL FINANCING
STATEMENT TO WHICH IT RELATES; AND

(B) INDICATES THAT IT IS A CONTINUATION STATEMENT FOR, OR
THAT IT IS FILED TO CONTINUE THE EFFECTIVENESS OF, THE IDENTIFIED
FINANCING STATEMENT.

(28) "DEBTOR" MEANS:

(A) A PERSON HAVING AN INTEREST, OTHER THAN A SECURITY
INTEREST OR OTHER LIEN, IN THE COLLATERAL, WHETHER OR NOT THE PERSON IS
AN OBLIGOR;

(B) A SELLER OF ACCOUNTS, CHATTEL PAPER, PAYMENT
INTANGIBLES, OR PROMISSORY NOTES; OR

(C) A CONSIGNEE.

(29) "DEPOSIT ACCOUNT" MEANS A DEMAND, TIME, SAVINGS, PASSBOOK,
OR SIMILAR ACCOUNT MAINTAINED WITH A BANK. THE TERM DOES NOT INCLUDE
INVESTMENT PROPERTY OR ACCOUNTS EVIDENCED BY AN INSTRUMENT.

 

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Session Laws, 1999
Volume 796, Page 2040   View pdf image
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