West Virginia § 46-1-301 Territorial applicability; parties' power to choose applicable law

West Virginia Statutes

§ 46-1-301 — Territorial applicability; parties' power to choose applicable law

West Virginia·Ch. 46 UNIFORM COMMERCIAL CODE·Art. 1 GENERAL PROVISIONS

(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), this chapter applies to transactions bearing an appropriate relation to this state.

(c)If one of the following provisions of this chapter 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 2-402;

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

(3)Section 4-102;

(4)Section 4A-507;

(5)Section 5-116;

(6)Section 8-11

Free access — add to your briefcase to read the full text and ask questions with AI

(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), this chapter applies to transactions bearing an appropriate relation to this state.

(c) If one of the following provisions of this chapter 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 2-402;

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

(3) Section 4-102;

(4) Section 4A-507;

(5) Section 5-116;

(6) Section 8-110;

(7) Sections 9-301 through 9-307.

West Virginia § 46-1-301 (Territorial applicability; parties' power to choose applicable law) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.