Definition of chattel paper
WebThe definition of “goods” includes “inventory”. 168 C. 152. Cited. 182 C. 437; 209 C. 163; 212 C. 167; 221 C. 530. ... In the case of chattel paper or an instrument, reasonable care includes taking necessary steps to preserve rights against prior parties unless otherwise agreed. (b) Except as otherwise provided in subsection (d), if a ... WebFeb 9, 2015 · The initial definition of control required, in part, the existence of a “single authoritative copy” which is “unique.” Given that an electronic record may be perfectly replicated, this definition created challenges for achieving this standard, but the chattel paper finance industry has developed methods for complying with this definition.
Definition of chattel paper
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WebMar 30, 2024 · noun : slavery in which a person is owned as a chattel (see chattel sense 2) chattel slave noun plural chattel slaves Example Sentences Recent Examples on the … Webchattel: [noun] an item of tangible movable or immovable property except real estate and things (such as buildings) connected with real property.
WebMay 12, 2024 · At its broadest, this term refers to any electronic process that indicates acceptance of an agreement or record, including digitised images of handwritten paper signatures, typed notations such as “/s/ John Smith” at the end of a digital document or email, or even just an email signature block. Webvariable noun chattel Chattels are things that belong to you. 3. noun chattel a movable item of personal property, as a piece of furniture, an automobile, or a head of livestock 3. …
WebTangible Chattel Paper means any “tangible chattel paper”, as such term is defined in the UCC, now owned or hereafter acquired by any Person. Sample 1 Sample 2 Sample 3. Based on 18 documents. Tangible Chattel Paper means all right, title, and interest of each Grantor (in each case whether now or hereafter existing, owned, arising, or ... WebDec 18, 2024 · Chattel mortgage is a legal term used to describe a loan arrangement in which an item of movable personal property is used as security for the loan. The movable property, or chattel , guarantees ...
WebJan 15, 2024 · The definition of control required the creation of a single, unique, authoritative copy of the electronic chattel paper that cannot be altered without consent of the party with control. The very specific definition of control was intended to mimic possession of tangible chattel paper.
WebChattel paper is a distinct asset class in which a security interest may be created pursuant to the personal property security acts in Canadian common law provinces. Several provinces, including both Ontario and Saskatchewan, create a distinction between two different types of chattel paper: humana compared to blue crossWebnature, namely, the recognition of "chattel paper" as a specialty, the transfer of which is perfected by delivery rather than by assignment. "Chattel Paper" is defined as a writing of a type whose transfer customarily requires delivery, and which evidences a security interest in, or lease of, goods.5 The definition is made significant by provisions humana.com over the counterWebMeaning of chattel paper. What does chattel paper mean? Information and translations of chattel paper in the most comprehensive dictionary definitions resource on the web. humana.com/myaccount.comWebApr 6, 2024 · Definition. "Chattel" is a catch-all term for movable personal property or possessions, such as electronics, clothing, livestock, or cars. Owners may use chattel … humana.com over the counter productsWeb, chattel paper, or general intangible. The term does not include persons obligated to pay a negotiable instrument, even if the instrument constitutes part of chattel paper. … humana.com over the counter medicationWeb(3) "Account debtor" means a person obligated on an account, chattel paper, or general intangible. The term does not include persons obligated to pay a negotiable instrument, … humana company backgrounderWebHistory: P.A. 76-369 deleted references to contract rights throughout section, redefined “chattel paper” to specifically exclude charters or contracts involving use or hire of vessels, redefined “document” to include receipts described in Sec. 42a-7-201(2), redefined “goods” to exclude minerals before extraction and to include ... humana compensation professional salary