Since its inception, article 9 has authorized both non-possessory assignment of chattel paper perfected by the filing of a financing statement and a possessory. 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-. In a simple example of a setting in which a chattel paper might be used, an equipment rental company could rent equipment to a business, and retain a. Special consideration for perfection opinions covering electronic chattel paper as collateral out of stock. 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.
The world law dictionary project english may be the common language of the world, but the common law is not the common law of the world that’s why, in a unique project, translegal has teamed up with leading law schools from around the world to create an online multilingual law dictionary linking the world’s legal languages to a single. A writing or writings that evidence both a monetary obligation and a security interest in or a lease of specific goods in many instances chattel paper will consist of a negotiable instrument coupled with a security agreement when a transaction is evidenced both by such a security agreement or a. This abandonment scenario does not raise the same question addressed under the rubric of constructive possession by courts when there is a conflict between the finder of a chattel and the owner of the premises where the chattel is found. Chattel - traduzione del vocabolo e dei suoi composti, e discussioni del forum.
(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. Translation for 'chattel paper' in the free english-spanish dictionary and many other spanish translations. Chattel paper is an asset type over which an entity can grant a security interest under article 9 of the ucc for more information on security interests in chattel paper, see practice note, ucc creation, perfection and priority of security interests. Chattel - translation to spanish, pronunciation, and forum discussions.
Definition of chattel paper in the definitionsnet dictionary meaning of chattel paper what does chattel paper mean information and translations of chattel paper in the most comprehensive dictionary definitions resource on the web. For the 2010 revisions, see ucc - article 9 - secured transactions part 1 general provisions [table of contents] [subpart 1 short title, definitions, and general concepts] [table of contents] § 9-101. Chattel paper chattel paper see paper source: merriam-webster's dictionary of law ©1996 merriam-webster, incorporated published under license with merriam-webster, incorporated. 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.
Noun: 1 chattel - personal as opposed to real property any tangible movable property (furniture or domestic animals or a car etc). Embodiment of rights in goods and the concept of chattel paper thomas h jacksont in the scheme of classifying collateral under article 9 of the. 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‖).
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. A method processes a portfolio of chattel paper, typically including retail installment sales contracts, transferred from an originator to its spe and then to a first trust, the trust creating a certificate of beneficial interest (cbi) for the transferred portfolio. 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.
Chattel paper is one of the categories of personal property identified in the personal property securities act 2009 (cth) (ppsa)the concept derives from art 9 of the united states uniform commercial code and it appears also in all the canadian provincial personal property security statutes and the new zealand personal property securities act 1999. A writing which evidences both a monetary obligation and a security interest in, or lease of, specific goods for example, a hire-purchase agreement it would not include a negotiable instrument, an investment instrument, an investment entitlement or a document of title. At one time, the children of black slaves were also considered chattel packed up all her chattels and moved to a new state.Download