New Jersey § 12a:9-109

§ 12a:9-109.

(a) General scope of chapter. Except as otherwise provided in subsections (c) and (d) , this chapter applies to: (1) a transaction, regardless of its form, that creates a security interest in personal

property or fixtures by contract; (2) an agricultural lien; (3) a sale of accounts, chattel paper, payment intangibles, or promissory notes; (4) a consignment; (5) a security interest arising under 12A:2-401, 12A:2-505, 12A:2-711(3), or 12A:2A-508(5),

as provided in 12A:9-110; and (6) a security interest arising under 12A:4-210 or 12A:5-118 . (b) Security interest in secured obligation. The application of this chapter 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 chapter does not apply. (c) Extent to which chapter does not apply. This chapter does not apply to the extent that: (1) a statute, regulation, or treaty of the United States preempts this chapter;

or (2) the rights of a transferee beneficiary or nominated person under a letter of credit

are independent and superior under 12A:5-114. (d) Inapplicability of chapter. This chapter does not apply to: (1) a landlord's lien, other than an agricultural lien; (2) a lien, other than an agricultural lien, given by statute or other rule of law

for services or materials, but 12A:9-333 applies with respect to priority of the lien; (3) an assignment of a claim for wages, salary, or other compensation of an employee; (4) a sale of accounts, chattel paper, payment intangibles, or promissory notes as

part of a sale of the business out of which they arose; (5) an assignment of accounts, chattel paper, payment intangibles, or promissory notes

which is for the purpose of collection only; (6) an assignment of a right to payment under a contract to an assignee that is also

obligated to perform under the contract; (7) an assignment of a single account, payment intangible, or promissory note to an

assignee in full or partial satisfaction of a preexisting indebtedness; (8) a transfer of an interest in or an assignment of a claim under a policy of insurance,

other than an assignment by or to a health-care provider of a health-care-insurance

receivable and any subsequent assignment of the right to payment, but 12A:9-315 and

12A:9-322 apply with respect to proceeds and priorities in proceeds; (9) an assignment of a right represented by a judgment, other than a judgment taken

on a right to payment that was collateral; (10) a right of recoupment or set-off, but: (A) 12A:9-340 applies with respect to the effectiveness of rights of recoupment or set-off

against deposit accounts; and (B) 12A:9-404 applies with respect to defenses or claims of an account debtor; (11) the creation or transfer of an interest in or lien on real property, including

a lease or rents thereunder, except to the extent that provision is made for: (A) liens on real property in 12A:9-203 and 12A:9-308; (B) fixtures in 12A:9-334; and (C) fixture filings in 12A:9-501, 12A:9-502, 12A:9-512 , 12A:9-516 and 12A:9-519 ; and (D) security agreements covering personal and real property in 12A:9-604; (12) an assignment of a claim arising in tort, other than a commercial tort claim,

but 12A:9-315 and 12A:9-322 apply with respect to proceeds and priorities in proceeds; (13) an assignment of a deposit account in a consumer transaction, but 12A:9-315 and

12A:9-322 apply with respect to proceeds and priorities in proceeds; or (14) a transfer by a government or governmental unit.