That can only happen if the principal stalk of slavery, namely the possibility of chattel property in human beings, is cut down and dug up by the root. 407 electronic chattel paper: invitation accepted jane k winn abstract: in 1999, revised ucc article 9 governing secured lending was updated to permit the creation of ―electronic chattel paper‖ (―ecp‖). Boston college law review volume 3|issue 3 article 7 4-1-1962 article 9: secured transactions sales of accounts, contract rights and chattel paper. (a) general rule: control of electronic chattel paper a secured party has control of electronic chattel paper if a system employed for evidencing the transfer of interests in the chattel paper reliably establishes the secured party as the person to which the chattel paper was assigned.
Noun: 1 chattel - personal as opposed to real property any tangible movable property (furniture or domestic animals or a car etc). Chattel defined and explained with examples chattel is any property that is not land or physical items belonging to that land. I'm taking a business law course this semester, and i'm unclear about what a chattel paper is i've looked it up in my book and i've looked around online, but for some reason i'm just not grasping the concept.
Ken weinberg dissects the super-priority rule in relation to possessors and filers of chattel paper, examining the requirements of new value and possession. 2 secured by chattel mortgage (lien on property other than real estate) or conditional sales contract - chattel paper can be perfected either way, . This document is an assignment of chattel paper clause it is designed to be inserted into a loan agreement the defined terms in this clause have the same meaning as those in the precedent called “basic loan agreement”. Chattel paper chattel paper see paper source: merriam-webster's dictionary of law ©1996 merriam-webster, incorporated published under license with merriam-webster, incorporated. Report error website feedback we cannot respond to questions regarding the law § 28:9-330 priority of purchaser of chattel paper or instrument.
(a) perfection by filing permitted a security interest in chattel paper, negotiable documents, instruments, or investment property may be perfected by filing. Chattel in the world of tangible chattel, multiple physical documents could comprise the chattel paper (such as a note and a separate security agreement) there are often multiple copies of the same item of chattel paper. A creditor has a security interest in collateral, and becomes a secured party, if and when a security interest “attaches” under the ucc, a security interest generally does not attach unless three basic requirements are met in simplest form, the requirements are that: value be given for the . glossaryelectronic chattel paperdefined in the ucc as chattel paperevidenced by a record or records consisting additional content available upon purchase. Lease chattel paper: unitary treatment of a special kind of commercial specialtyt amelia h boss at the time of its adoption thirty five years ago the uniform com-.
Perfection of security interests in chattel paper, deposit accounts, documents, goods covered by documents, instruments, investment property, letter-of-credit rights, and money perfection by permissive filing temporary perfection without filing or transfer of possession. Col070307 13gcauniform commercial code div 9secured transactions sales of accounts and chattel paper 2 § 9113 security interests arising under division on sales § 9114. (dd) document means a document of title or a receipt of the type described in section 7201(2) (ee) electronic chattel paper means chattel paper evidenced by a record or records consisting of. Uniform commercial code revised article 9 secured transactions sales of accounts, chattel paper, and payment intangibles reporters’ prefatory notes 1. 9101 this division may be cited as the uniform commercial code-secured transactions (repealed and added by stats 1999, ch 991, sec 35 effective january 1, 2000.
Division 9 secured transactions [9101 - 9907] ( division 9 repealed and added by stats 1999, ch 991, sec 35. Chattel (chăt`əl), in law, any property other than a freehold estate in land (see tenure tenure, in law, manner in which property in land is held the nature of tenure has long. Gs 25-9-105 page 1 § 25-9-105 control of electronic chattel paper (a) general rule: control of electronic chattel paper – a secured party has control of. Document that evidences a chattel mortgage, and establishes the mortgagor's monetary obligation and the mortgagee's security interest.
The legal definition of chattel is moveable items of property which are neither land nor permanently attached to land or a building, either directly or vicariously through attachment to real property. A movable item of personal property, as a piece of furniture, an automobile, or a head of livestock in full chattel personal any interest in real estate less than a freehold .
Chattel paper means all chattel paper, as such term is defined in the ucc, now owned or hereafter acquired by any person, wherever located, but excluding leases. Assignment of receivables under article 9: structural incoherence and wasteful filing t homas e p lank article 9 is a comprehensive and remarkable statute regulating the granting.