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Session Laws, 1999
Volume 796, Page 2042   View pdf image
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9-502(A) AND (B). THE TERM INCLUDES THE FILING OF A FINANCING STATEMENT
COVERING GOODS OF A TRANSMITTING UTILITY WHICH ARE OR ARE TO BECOME
FEATURES.

(41) "FIXTURES" MEANS GOODS THAT HAVE BECOME SO RELATED TO
PARTICULAR REAL PROPERTY THAT AN INTEREST IN THEM ARISES UNDER REAL
PROPERTY LAW.

(42) "GENERAL INTANGIBLE" MEANS ANY PERSONAL PROPERTY,
INCLUDING THINGS IN ACTION, OTHER THAN ACCOUNTS, CHATTEL PAPER,
COMMERCIAL TORT CLAIMS, DEPOSIT ACCOUNTS, DOCUMENTS, GOODS,
INSTRUMENTS, INVESTMENT PROPERTY, LETTER-OF-CREDIT RIGHTS, LETTERS OF
CREDIT, MONEY, AND OIL, GAS, OR OTHER MINERALS BEFORE EXTRACTION. THE
TERM INCLUDES PAYMENT INTANGIBLES AND SOFTWARE.

(43) "GOOD FAITH" MEANS HONESTY IN FACT AND THE OBSERVANCE OF
REASONABLE COMMERCIAL STANDARDS OF FAIR DEALING.

(44) "GOODS" MEANS ALL THINGS THAT ARE MOVABLE WHEN A
SECURITY INTEREST ATTACHES. THE TERM INCLUDES (I) FIXTURES, (II) STANDING
TIMBER THAT IS TO BE CUT AND REMOVED UNDER A CONVEYANCE OR CONTRACT
FOR SALE, (III) THE UNBORN YOUNG OF ANIMALS, (IV) CROPS GROWN, GROWING, OR
TO BE GROWN, EVEN IF THE CROPS ARE PRODUCED ON TREES, VINES, OR BUSHES,
AND (V) MANUFACTURED HOMES. THE TERM ALSO INCLUDES A COMPUTER
PROGRAM EMBEDDED IN GOODS AND ANY SUPPORTING INFORMATION PROVIDED IN
CONNECTION WITH A TRANSACTION RELATING TO THE PROGRAM IF (I) THE
PROGRAM IS ASSOCIATED WITH THE GOODS IN SUCH A MANNER THAT IT
CUSTOMARILY IS CONSIDERED PART OF THE GOODS, OR (II) BY BECOMING THE
OWNER OF THE GOODS, A PERSON ACQUIRES A RIGHT TO USE THE PROGRAM IN
CONNECTION WITH THE GOODS. THE TERM DOES NOT INCLUDE A COMPUTER
PROGRAM EMBEDDED IN GOODS THAT CONSIST SOLELY OF THE MEDIUM WITH
WHICH THE PROGRAM IS EMBEDDED. THE TERM ALSO DOES NOT INCLUDE
ACCOUNTS, CHATTEL PAPER, COMMERCIAL TORT CLAIMS, DEPOSIT ACCOUNTS,
DOCUMENTS, GENERAL INTANGIBLES, INSTRUMENTS, INVESTMENT PROPERTY,
LETTER-OF-CREDIT RIGHTS, LETTERS OF CREDIT, MONEY, OR OIL, GAS, OR OTHER
MINERALS BEFORE EXTRACTION.

(45) "GOVERNMENTAL UNIT" MEANS A SUBDIVISION, AGENCY,
DEPARTMENT, COUNTY, PARISH, MUNICIPALITY, OR OTHER UNIT OF THE
GOVERNMENT OF THE UNITED STATES, A STATE, OR A FOREIGN COUNTRY. THE TERM
INCLUDES AN ORGANIZATION HAVING A SEPARATE CORPORATE EXISTENCE IF THE
ORGANIZATION IS ELIGIBLE TO ISSUE DEBT ON WHICH INTEREST IS EXEMPT FROM
INCOME TAXATION UNDER THE LAWS OF THE UNITED STATES.

(46) "HEALTH-CARE-INSURANCE RECEIVABLE" MEANS AN INTEREST IN
OR CLAIM UNDER A POLICY OF INSURANCE WHICH IS A RIGHT TO PAYMENT OF A
MONETARY OBLIGATION FOR HEALTH-CARE GOODS OR SERVICES PROVIDED.

(47) "INSTRUMENT" MEANS A NEGOTIABLE INSTRUMENT OR ANY OTHER
WRITING THAT EVIDENCES A RIGHT TO THE PAYMENT OF A MONETARY OBLIGATION,

 

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Session Laws, 1999
Volume 796, Page 2042   View pdf image
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