1997 Minnesota Statutes

     336.9-102 Policy and scope of article. 

    (1) Except as otherwise provided in section 336.9-104 on 
 excluded transactions, this article applies 

    (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 or accounts; and also 

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

    (2) This article 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 intended as security.  This article does 
 not apply to statutory liens except as provided in section 
 336.9-310. 

    (3) The application of this article 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 article does not apply. 

    HIST: 1965 c 811 s 336.9-102; 1976 c 135 s 5