Session of 1999
By Representative O'Neal

  9             AN  ACT concerning the uniform commercial code; relating to secured
10             transactions; sale of accounts and chattels; amending K.S.A. 84-9-102
11             and repealing the existing section.
13       Be it enacted by the Legislature of the State of Kansas:
14             Section  1. K.S.A. 84-9-102 is hereby amended to read as follows: 84-
15       9-102. (1) Except as otherwise provided in section K.S.A. 84-9-104 and
16       amendments thereto on excluded transactions, this article applies:
17             (a) To any transaction (, regardless of its form), which is intended to
18       create a security interest in personal property or fixtures including goods,
19       documents, instruments, general intangibles, chattel paper or accounts;
20       and also
21             (b) to any sale of accounts or chattel paper.
22             (2) This article applies to security interests created by contract in-
23       cluding pledge, assignment, chattel mortgage, chattel trust, trust deed,
24       factor's lien, equipment trust, conditional sale, trust receipt, other lien or
25       title retention contract and lease or consignment intended as security.
26       This article does not apply to statutory liens except as provided in section
27       K.S.A. 84-9-310 and amendments thereto.
28             (3) The application of this article to a security interest in a secured
29       obligation is not affected by the fact that the obligation is itself secured
30       by a transaction or interest to which this article does not apply.
31             (4) This article does not prevent the transfer of ownership of accounts
32       or chattel paper. The determination of whether a particular transfer of
33       accounts or chattel paper constitutes a sale or transfer for security pur-
34       poses is not governed by this article. 
35       Sec.  2. K.S.A. 84-9-102 is hereby repealed.
36        Sec.  3. This act shall take effect and be in force from and after its
37       publication in the Kansas register.