Definition of electronic chattel paper

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August undefined, 2024

Webelectronic chattel paper provisions in Revised Article 9 are based on the premise that business information systems can in fact create the electronic equivalent of paper chattel paper and that the special priority rules that apply to chattel paper financiers will be available only to electronic chattel paper that is in significant respects the ... WebDec 20, 2024 · This section enables secured parties and other purchasers of chattel paper (both electronic and tangible) and instruments to obtain priority over earlier-perfected security interests. ... Concerning the last, this Article deletes former Section 9-108 and adds to Section 9-102 a completely different definition of the term “new value.” Under ...

The UCC Catches up to Emerging Technology - Lexology

WebTangible Chattel Paper means chattel paper evidenced by a record or records consisting of information that is inscribed on a tangible medium. Electronic Chattel Paper means chattel paper evidenced by a record or records consisting of information stored in an electronic medium. Xxxxxxx Money Deposit shall have the meaning set forth in Section … Web(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 … treiber color laserjet pro mfp m477fdw

Electronic Chattel Paper Definition: 2k Samples Law Insider

WebThe UCC defines chattel paper as “a record or records that evidence both a monetary obligation and a security interest in specific goods… or a lease of specific goods.” 1 The … WebElectronic chattel paper is defined to be “chattel paper evidenced by a record or records consisting of information stored in an electronic medium.”. UCC §9-102 (a) (31). As the … WebFeb 9, 2015 · To extend quasi-negotiability to electronic chattel paper, it also introduced the concept of “control” as an analogue to possession of tangible chattel paper. The … treiber clickshare

Electronic chattel paper definition · LSData

http://www.leg.state.fl.us/statutes/index.cfm?App_mode=Display_Statute&URL=0600-0699/0679/0679.html WebMay 12, 2024 · As explained above, control of electronic chattel paper replicates functionally in an electronic medium the possession of tangible chattel paper by … treiber conexantWeb(a) [Purchaser's priority: security interest claimed merely as proceeds.] A purchaser of chattel paper has priority over a security interest in the chattel paper which is claimed merely as proceeds of inventory subject to a security interest if: (1) in good faith and in the ordinary course of the purchaser's business, the purchaser gives new value and takes … temperature in china spring tx right now

"WebChattel Paper means any “chattel paper,” as such term is defined in the Code, including electronic chattel paper, now owned or hereafter acquired by any Credit Party, wherever located. electronic cash ledger means the electronic cash ledger referred to in sub-section (1) of section 49; " - Definition of electronic chattel paper

Definition of electronic chattel paper

§ 9-105. CONTROL OF ELECTRONIC CHATTEL PAPER

WebMay 19, 2024 · "electronic chattel paper" means chattel paper created, recorded, transmitted or stored in digital form or other intangible form by electronic, magnetic or optical means; and "tangible chattel paper" … WebApr 6, 2024 · Definition. "Chattel" is a catch-all term for movable personal property or possessions, such as electronics, clothing, livestock, or cars. Owners may use chattel as collateral and borrow against it with a chattel mortgage. "Chattel" is the general term for tangible personal property that can be moved from one place to another.

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WebChattel paper is a legal document used in secured transactions to sell property on credit while still keeping some interest in the property. It is important that the document shows: WebElectronic Chattel Paper means any “Electronic chattel paper,” as such term is defined in the UCC, now owned or hereafter acquired by the Debtor or in which the Debtor now …

WebElectronic chattel paper is a type of legal document that shows both a monetary obligation and a security interest in or a lease of specific goods. It is similar to traditional chattel … Web(a) and (b) designators, amended Subsec. (a) to add provision that secured party has control 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” and amended Subsec.

WebChattel paper refers to a document used in secured transactions to sell property on credit while retaining some interest in the property. Chattel paper must show: A monetary … Web(a) and (b) designators, amended Subsec. (a) to add provision that secured party has control if “a system employed for evidencing the transfer of interests in the chattel paper …

WebElectronic chattel paper is a type of legal document that shows both a monetary obligation and a security interest in or a lease of specific goods. It is similar to traditional chattel paper, which is used in consumer transactions when someone buys goods on credit and promises to pay for them by executing a promissory note.

temperature in chintpurniWebRelated to Chattel Check. Chattel Paper means any “chattel paper,” as such term is defined in the Code, including electronic chattel paper, now owned or hereafter acquired by any Credit Party, wherever located. Tangible Chattel Paper means chattel paper evidenced by a record or records consisting of information that is inscribed on a ... treiber conexant smartaudioWebView Property Security Outline.docx from LAW 925 at University of Idaho. Property Security Spring ‘22 Definitions Creditor – anyone who is owed a legal obligation that can be reduced to a money treiber conexant smartaudio hdWeb(31) "Electronic chattel paper" means chattel paper evidenced by a record or records consisting of information stored in an electronic medium. (32) "Encumbrance" means a right, other than an ownership interest, in real property. The term includes mortgages and other liens on real property. (33) "Equipment" means goods other than inventory, farm ... temperature in chipley flWebThe definition of “goods” includes “inventory”. 168 C. 152. Cited. 182 C. 437; 209 C. 163; 212 C. 167; 221 C. 530. ... electronic chattel paper, electronic documents, general intangibles or investment property other than a certificated security” with “collateral other than tangible chattel paper, tangible documents, goods ... temperature in chino hills caWeb‹ § 9-105. control of electronic chattel paper. up § 9-107. control of letter-of-credit right. ... temperature in chirawa rajasthanWebChattel Paper means any “chattel paper,” as such term is defined in the Code, including electronic chattel paper, now owned or hereafter acquired by any Credit Party, … temperature in chishtian