Section 2--401. 2--505, 2--711(3), 2-A-508(5), 4--210, or 5--118  


Latest version.
  • (73) "Security agreement" means  an  agreement  that  creates  or
                  provides  for a security interest. A cooperative record that
                  provides that the owner of a  cooperative  interest  has  an
                  obligation  to  pay  amounts to the cooperative organization
                  incident to ownership of that cooperative interest and which
                  states that the cooperative organization has a direct remedy
                  against that cooperative interest if such  amounts  are  not
                  paid   is   a  security  agreement  creating  a  cooperative
                  organization security interest.
             (74) "Send", in connection with a record or notification, means:
                 (A) to deposit in the  mail,  deliver  for  transmission,  or
                     transmit  by any other usual means of communication, with
                     postage or cost of transmission provided  for,  addressed
                     to any address reasonable under the circumstances; or
                 (B) to cause the record or notification to be received within
                     the  time  that  it  would have been received if properly
                     sent under subparagraph (A).
             (75) "Software" means  a  computer  program  and  any  supporting
                  information   provided  in  connection  with  a  transaction
                  relating to  the  program.  The  term  does  not  include  a
                  computer  program  that  is  included  in  the definition of
                  goods.
             (76) "State" means a state of the United States, the District  of
                  Columbia,  Puerto Rico, the United States Virgin Islands, or
    
                  any  territory  or  insular  possession   subject   to   the
                  jurisdiction of the United States.
             (77) "Supporting  obligation"  means  a letter-of-credit right or
                  secondary  obligation   that   supports   the   payment   or
                  performance  of  an  account,  chattel  paper, a document, a
                  general intangible, an instrument, or investment property.
             (78) "Tangible chattel paper" means chattel paper evidenced by  a
                  record   or   records  consisting  of  information  that  is
                  inscribed on a tangible medium.
             (79) "Termination 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 either that it is a  termination  statement  or
                     that  the  identified  financing  statement  is no longer
                     effective.
             (80) "Transmitting utility" means a person primarily  engaged  in
                  the business of:
                 (A) operating  a railroad, subway, street railway, or trolley
                     bus;
                 (B) transmitting         communications         electrically,
                     electromagnetically, or by light;
                 (C) transmitting goods by pipeline or sewer; or
                 (D) transmitting  or  producing and transmitting electricity,
                     steam, gas, or water.
      (b) Definitions in other articles. The following  definitions  in  other
      articles apply to this article:
     
           "Applicant"                                  Section 5--102.
           "Beneficiary"                                Section 5--102.
           "Broker"                                     Section 8--102.
           "Certificated security"                      Section 8--102.
           "Clearing corporation"                       Section 8--102.
           "Contract for sale"                          Section 2--106.
           "Customer"                                   Section 4--104.
           "Entitlement holder"                         Section 8--102.
           "Financial asset"                            Section 8--102.
           "Holder in due course"                       Section 3--302.
           "Issuer" (with respect to a letter of
              credit or letter-of-credit right)         Section 5--102.
           "Issuer" (with respect to a security)        Section 8--201.
           "Lease"                                      Section 2-A-103.
           "Lease agreement"                            Section 2-A-103.
           "Lease contract"                             Section 2-A-103.
           "Leasehold interest"                         Section 2-A-103.
           "Lessee"                                     Section 2-A-103.
           "Lessee in ordinary course of business"      Section 2-A-103.
           "Lessor"                                     Section 2-A-103.
           "Lessor's residual interest"                 Section 2-A-103.
           "Letter of credit"                           Section 5--102.
           "Merchant"                                   Section 2--104.
           "Negotiable instrument"                      Section 3--104.
           "Nominated person"                           Section 5--102.
           "Note"                                       Section 3--104.
           "Proceeds of a letter of credit"             Section 5--114.
           "Sale"                                       Section 2--106.
           "Securities account"                         Section 8--501.
           "Securities intermediary"                    Section 8--102.
           "Security"                                   Section 8--102.
           "Security certificate"                       Section 8--102.
           "Security entitlement"                       Section 8--102.
           "Uncertificated security"                    Section 8--102.
      (c) Article  1  definitions  and  principles. Article 1 contains general
      definitions and principles of construction and interpretation applicable
      throughout this article.