Minnesota § 336.9-314A 336.9-314A PERFECTION BY POSSESSION AND CONTROL OF CHATTEL PAPER.

Minnesota Statutes

§ 336.9-314A — 336.9-314A PERFECTION BY POSSESSION AND CONTROL OF CHATTEL PAPER.

Minnesota § 336.9-314A

PartTRADE REGULATIONS, CONSUMER PROTECTION

Ch. 336UNIFORM COMMERCIAL CODE

This text of Minnesota § 336.9-314A (336.9-314A PERFECTION BY POSSESSION AND CONTROL OF CHATTEL PAPER.) is published on Counsel Stack Legal Research, covering Minnesota primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Minn. Stat. § 336.9-314A (2026).

Text

(a)Perfection by possession and control.A secured party may perfect a security interest in chattel paper by taking possession of each authoritative tangible copy of the record evidencing the chattel paper and obtaining control of each authoritative electronic copy of the electronic record evidencing the chattel paper.

(b)Time of perfection; continuation of perfection.A security interest is perfected under subsection (a) not earlier than the time the secured party takes possession and obtains control and remains perfected under subsection (a) only while the secured party retains possession and control.

(c)Application of section336.9-313to perfection by possession of chattel paper.Section336.9-313(c) and (f) through (i) applies to perfection by possession of an authoritative tangible copy of

Free access — add to your briefcase to read the full text and ask questions with AI

(a)Perfection by possession and control.A secured party may perfect a security interest in chattel paper by taking possession of each authoritative tangible copy of the record evidencing the chattel paper and obtaining control of each authoritative electronic copy of the electronic record evidencing the chattel paper.
(b)Time of perfection; continuation of perfection.A security interest is perfected under subsection (a) not earlier than the time the secured party takes possession and obtains control and remains perfected under subsection (a) only while the secured party retains possession and control.
(c)Application of section336.9-313to perfection by possession of chattel paper.Section336.9-313(c) and (f) through (i) applies to perfection by possession of an authoritative tangible copy of a record evidencing chattel paper.