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Rhode Island General Laws Title 6A. Uniform Commercial Code § 6A-1-301. Territorial applicability--Parties' power to choose applicable law

Current as of January 01, 2022 | Updated by FindLaw Staff

(a) Except as otherwise provided in this section, when a transaction bears a reasonable relation to this state and also to another state or nation, the parties may agree that the law either of this state or of such other state or nation shall govern their rights and duties.

(b) In the absence of an agreement effective under subsection (a), and except as provided in subsection (c), the Uniform Commercial Code applies to transactions bearing an appropriate relation to this state.

(c) If one of the following provisions of title 6A specifies the applicable law, that provision governs and a contrary agreement is effective only to the extent permitted by the law so specified:

(1) Section 6A-2-402;

(2) Sections 6A-2.1-105 and 6A-2.1-106;

(3) Section 6A-4-102;

(4) Section 6A-4.1-507;

(5) Section 6A-5-116;

(6) [RESERVED]

(7) Section 6A-8-110;

(8) Sections 6A-9-301 through 6A-9-307.

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Cite this article: FindLaw.com - Rhode Island General Laws Title 6A. Uniform Commercial Code § 6A-1-301. Territorial applicability--Parties' power to choose applicable law - last updated January 01, 2022 | https://codes.findlaw.com/ri/title-6a-uniform-commercial-code/ri-gen-laws-sect-6a-1-301/

Read this complete Rhode Island General Laws Title 6A. Uniform Commercial Code § 6A-1-301. Territorial applicability--Parties' power to choose applicable law on Westlaw

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