Connecticut General Statutes/Title 36a/Chapter 669/Section 36a-779

CGS § 36a-779. (Formerly Sec. 42-92). Assignment of contract.

Any sales finance company may purchase or acquire from the original holder thereof or from any other sales finance company any retail installment contract or any installment loan contract on such terms and conditions as may be mutually agreed upon not inconsistent with the provisions of sections 36a-770 to 36a-788, inclusive, 42-100b and 42-100c. Such contracts constitute chattel paper, as defined in subdivision (11) of subsection (a) of section 42a-9-102, and are governed by article 9 of title 42a except as otherwise provided in said sections.

Short History

(1949 Rev., S. 6699, (d); 1957, P.A. 361, S. 1 (e); 1961, P.A. 116, S. 21; P.A. 01-132, S. 171.)

Long History

History: 1961 act coordinated this section with the Uniform Commercial Code; Sec. 42-92 transferred to Sec. 36a-779 in 1995; P.A. 01-132 replaced reference to Sec. 42a-9-105(1)(b) with Sec. 42a-9-102(a)(11).

Citations

Annotation to former section 42-92:

Waiver of defense clause in consumer goods credit transaction void as against public policy in Connecticut. 158 C. 543.

See Also

See Sec. 42a-9-203 re attachment and enforceability of security interests.

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