14-9-102. POLICY AND SCOPE OF CHATER.

1. Except as otherwise provided in Section 104 on excluded transactions, this Chapter applies:
   1. To any transaction (regardless of its form) which is intended to create a security interest in personal property of fixtures, including: goods, documents, instruments, general intangible, chattel paper or accounts, and
   2. To any sale of accounts or chattel paper.
2. This Chapter applies to security interests created by contract including: a pledge, and assignment, a chattel mortgage, a chattel trust, a trust deed, a factor’s lien, an equipment trust, a conditional sale, a trust receipt, a lien or title retention contract and a lease or consignment intended as security. This Chapter does not apply to statutory liens except as provided in Section 310.
3. The applicant of this chapter to a security interest in a second 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.