Oklahoma § 12A-1-9-314A Perfection by possession and control of chattel

Oklahoma Statutes

§ 12A-1-9-314A — Perfection by possession and control of chattel

Oklahoma·Title 12A Uniform Commercial Code

paper. PERFECTION BY POSSESSION AND CONTROL OF CHATTEL PAPER (a) 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)A security interest is perfected under subsection (a) of this section not earlier than the time the secured party takes possession and obtains control and remains perfected under subsection (a) of this section only while the secured party retains possession and control.

(c)Subsections (c) and (f) through (i) of Section 1-9-313 of this title apply to perfection by possession of an authoritative tangible copy of a record evidencing chattel paper.

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paper. PERFECTION BY POSSESSION AND CONTROL OF CHATTEL PAPER (a) 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) A security interest is perfected under subsection (a) of this section not earlier than the time the secured party takes possession and obtains control and remains perfected under subsection (a) of this section only while the secured party retains possession and control. (c) Subsections (c) and (f) through (i) of Section 1-9-313 of this title apply to perfection by possession of an authoritative tangible copy of a record evidencing chattel paper.

Oklahoma § 12A-1-9-314A (Perfection by possession and control of chattel) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.