§ 36-9-313. When possession by or delivery to secured party perfects security interest without filing.
67 words·~1 min read·
/sc/title-36-commercial-code/chapter-9/commercial-code-secured-transactions/36-9-313-2·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
§ 36-9-313. When possession by or delivery to secured party perfects security interest without filing.
(a)Except as otherwise provided in subsection (b), a secured party may perfect a security interest in tangible negotiable documents, goods, instruments, money, or tangible chattel paper by taking possession of the collateral. A secured party may perfect a security interest in certificated securities by taking delivery of the certificated securities under