2024 Definition of electronic chattel paper

Definition of electronic chattel paper

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August undefined, 2024

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 cigarette means any oral device that provides a vapor of liquid nicotine, lobelia, and/or other similar substance, and the use or inhalation of ... WebView 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

Chattel paper in the electronic age Asset Finance in Brief

WebDec 20, 2024 · The definition of electronic chattel paper does not dictate that it be created in any particular fashion. For example, a record consisting of a tangible writing may be converted to electronic form (e.g., by creating electronic images of a signed writing). Or, records may be initially created and executed in electronic form (e.g., a lessee might ... WebChattel Paper. One or more documents that evidences both a monetary obligation and a security interest in, or a lease of, specific goods. Common examples of chattel paper include a promissory note coupled with a security agreement, or a motor vehicle financing agreement that includes both a payment obligation and a security interest in the ... alexandra vittoz

§ 9-105. CONTROL OF ELECTRONIC CHATTEL PAPER

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; WebJan 15, 2024 · An important subset of these electronic contracts consists of “electronic chattel paper.” Chattel paper evidences a loan secured by a specific good, such as an … 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" … alexandra ustinova

Chattel Paper Practical Law - Thomson Reuters

WebChattel Paper. One or more documents that evidences both a monetary obligation and a security interest in, or a lease of, specific goods. Common examples of 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. alexandra victoria edwina diana knatchbullWebChattel 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 … alexandra vitale

"WebApr 21, 2024 · As amended, the definition of “chattel paper” (see §9-102(11)) will no longer refer to the tangible or electronic record evidencing the right to payment and associated goods securing that ... " - Definition of electronic chattel paper

Definition of electronic chattel paper

chattel paper Wex US Law LII / Legal Information …

WebThe 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 ... WebAug 16, 2013 · Authoritative Electronic Copy: With respect to any Contract stored in an electronic medium, the single electronic “authoritative copy” (within the meaning of Section 9-105 of the UCC) of such Contract (i) that constitutes the single authoritative copy of the record or records comprising the related chattel paper which is unique, identifiable ...

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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, … 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 …

WebMar 25, 2024 · Definition of "Controllable Electronic Record" ... They include electronic chattel paper, electronic documents, investment property, transferable records under the federal E-SIGN law or the Uniform Electronic Transactions Act (“UETA”), deposit accounts, and, to some extent, electronic money (discussed below). ... WebJun 10, 2024 · The OPPSA will be amended to include the definition of “electronic chattel paper”, revise the definition of “chattel paper” and add the definition of “tangible chattel paper”. “Tangible chattel paper” refers to chattel paper evidenced by a record or records consisting of information inscribed on a tangible medium; that is, a ...

WebThe definition of electronic chattel paper does not dictate that it be created in any particular fashion. For example, a record consisting of a tangible writing may be converted to electronic form (e.g., by creating electronic images of a signed writing). Or, records may be initially created and executed in electronic form (e.g., a lessee might ...

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 …

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 … alexandra vitaliaApr 21, 2015 · alexandra zsigmondWebTo extend quasi-negotiability to electronic chattel paper, it also introduced the concept of “control” as an analogue to possession of tangible chattel paper. The initial definition of … alexandra zellnerWebElectronic 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. alexandra zaballa mdWeb(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. alexandra\u0027s pizza menuWebElectronic 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 … alexandra\u0027s pizza burnsideWebChattel 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: alexandra\u0027s pizza dartmouth