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Definition of chattel paper

Web(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 … 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).

Chattel Definition & Meaning - Merriam-Webster

WebHistory: P.A. 76-369 deleted references to contract rights throughout section, redefined “chattel paper” to specifically exclude charters or contracts involving use or hire of vessels, redefined “document” to include receipts described in Sec. 42a-7-201(2), redefined “goods” to exclude minerals before extraction and to include ... WebThe definition of “goods” includes “inventory”. 168 C. 152. Cited. 182 C. 437; 209 C. 163; 212 C. 167; 221 C. 530. ... In the case of chattel paper or an instrument, reasonable care includes taking necessary steps to preserve rights against prior parties unless otherwise agreed. (b) Except as otherwise provided in subsection (d), if a ... historische filme mittelalter youtube https://theinfodatagroup.com

Chattel: Definition, How They Work, Chattel Mortgages …

WebJan 16, 2024 · chattel paper (plural chattel papers) A document that demonstrates both a monetary obligation and a security interest either in certain goods, or in a lease on … 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 … Webbuyers of chattel paper in whose favor section 9-301(1) (c) might operate are buyers of chattel paper as part of a sale of the business out of which they arose (hereinafter called "9-104(f) buyers"). All other buyers of chattel paper are secured parties; 7 . their priority rights are determined according to other provisions of the Code." ... honda classic 2022 live streaming

Chattel Definition & Meaning Dictionary.com

Category:Chattel: Definition, How They Work, Chattel Mortgages and Exam…

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Definition of chattel paper

chattel paper - Wiktionary

WebEX-10.2 4 exhibit3.htm EX-10.2 EX-10.2 . Execution Copy. SECURITY AGREEMENT. VIASPACE, INC., a Nevada corporation, whose principal place of business and mailing address is 2102 Business Center Drive, suite 130, Irvine, CA 92612 (hereinafter “Debtor”), hereby grants to SUNG HSIEN CHANG (hereinafter sometimes “Noteholder” or … WebTangible Chattel Paper means any “tangible chattel paper”, as such term is defined in the UCC, now owned or hereafter acquired by any Person. Sample 1 Sample 2 Sample 3. Based on 18 documents. Tangible Chattel Paper means all right, title, and interest of each Grantor (in each case whether now or hereafter existing, owned, arising, or ...

Definition of chattel paper

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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 obligation from Party A to Party B, and A security interest or other interest retained in the … Web(3) "Account debtor" means a person obligated on an account, chattel paper, or general intangible. The term does not include persons obligated to pay a negotiable instrument, …

Web(a) [Perfection by filing permitted.] A security interest in chattel paper, negotiable documents, instruments, or investment property may be perfected by filing. (b) [Control or possession of certain collateral.] Except as otherwise provided in Section 9 … Webnoun chattel. goods — morally excellent; virtuous; righteous; pious: a good man.; slave — a person who is the property of and wholly subject to another; a bond servant.; gear — Machinery. a part, as a disk, wheel, or section of a shaft, having cut teeth of such form, size, and spacing that they mesh with teeth in another part to transmit or receive force and …

WebChattel Paper: 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 … WebMay 19, 2024 · The amended PPSA provides that electronic chattel paper can be perfected by "control" (a method intended to be equivalent to perfection by possession). To establish perfection of electronic chattel paper by control, the following six criteria, as set out in subsection 1 (3) of the Act, must be met: (emphasis added): (3) For the purposes of this ...

WebChattel definition, a movable article of personal property. See more.

Web, chattel paper, or general intangible. The term does not include persons obligated to pay a negotiable instrument, even if the instrument constitutes part of chattel paper. … honda classic 2023 bear trapWebvariable noun chattel Chattels are things that belong to you. 3. noun chattel a movable item of personal property, as a piece of furniture, an automobile, or a head of livestock 3. … historische etf kurse downloadWebChattel 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 … historische filme auf youtubeWebMar 30, 2024 · noun : slavery in which a person is owned as a chattel (see chattel sense 2) chattel slave noun plural chattel slaves Example Sentences Recent Examples on the … honda classic 2022 scoresWebChattel Paper means any “chattel paper,” as such term is defined in the UCC, now owned or hereafter acquired by Borrower or in which Borrower now holds or hereafter acquires any interest. Sample 1 Sample 2 Sample 3. Based on 112 documents. Chattel Paper. Has the meaning given that term in the UCC. historische methodeWebChattel paper may take different forms, but the basic characteristic of chattel paper is a security interest in specific goods arising from a monetary obligation. Chattel paper is … historisation dans power biWebFeb 26, 2013 · Unlike the transfer of general payment intangibles or promissory notes, the delivery of “aircraft object” chattel paper is a legal act that purports to transfer associated rights for the... historische presse