Pennsylvania Statutes

§ 9312 — Perfection of security interests in chattel paper, controllable accounts, controllable

Pennsylvania § 9312
JurisdictionPennsylvania
Title 13COMMERCIAL CODE
Ch. 93PERFECTION AND PRIORITY
Subch.PERFECTION

This text of Pennsylvania § 9312 (Perfection of security interests in chattel paper, controllable accounts, controllable) is published on Counsel Stack Legal Research, covering Pennsylvania primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook
13 Pa. Cons. Stat. § 9312 (2026).

Text

(a)Perfection by filing permitted.--A security interest in chattel paper, controllable accounts, controllable electronic records, controllable payment intangibles, instruments, investment property or negotiable documents may be perfected by filing.
(b)Control or possession of certain collateral.--Except as otherwise provided in section 9315(c) (relating to perfection of security interest in proceeds) and (d) (relating to continuation of perfection) for proceeds:
(1)a security interest in a deposit account may be perfected only by control under section 9314 (relating to perfection by control);
(2)except as otherwise provided in section 9308(d) (relating to supporting obligation), a security interest in a letter-of-credit right may be perfected only by control under section 9314; and

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Legislative History

(Apr. 16, 2008, P.L.57, No.13, eff. 60 days; July 1, 2024, P.L.450, No.41, eff. 60 days) 2024 Amendment.Act 41 amended the section heading and subsecs. (a) and (e). See section 1 of Act 41 in the appendix to this title for special provisions relating to findings and declarations. Cross References.Section 9312 is referred to in sections 9310, 9323, 9324 of this title.

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Bluebook (online)
Pennsylvania § 9312, Counsel Stack Legal Research, https://law.counselstack.com/statute/pa/13/9312.