Pennsylvania Statutes

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

Pennsylvania·Title 13 COMMERCIAL CODE·Ch. 93 PERFECTION AND PRIORITY·Subch. PERFECTION
(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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