Traditional or tangible chattel paper has long been used to finance equipment purchases.
Electronic Chattel Paper
One of the significant benefits bestowed upon chattel paper financers is the ability to perfect a security interest via possession, and in so doing potentially achieve priority over pre-existing secured lenders who perfected by filing a UCC Financing Statement. Now, the system is moving toward electronic chattel paper. What does this mean?
By
Benjamin J. CourtThis premium content is locked for LawJournalNewsletters subscribers only
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