Connecticut General Statutes 42a-9-201 – General effectiveness of security agreement
(a) Except as otherwise provided in this title, a security agreement is effective according to its terms between the parties, against purchasers of the collateral and against creditors.
Terms Used In Connecticut General Statutes 42a-9-201
- Statute: A law passed by a legislature.
(b) A transaction subject to this article is subject to any applicable rule of law which establishes a different rule for consumers and sections 36a-555 to 36a-573, inclusive, and sections 36a-770 to 36a-786, inclusive.
(c) In case of conflict between this article and a rule of law, statute or regulation described in subsection (b), the rule of law, statute or regulation controls. Failure to comply with a statute or regulation described in subsection (b) has only the effect the statute or regulation specifies.
(d) This article does not:
(1) Validate any rate, charge, agreement or practice that violates a rule of law, statute or regulation described in subsection (b); or
(2) Extend the application of the rule of law, statute or regulation to a transaction not otherwise subject to it.