- Collection:
- Dean Rusk International Law Center Collections
- Title:
- Priorities in Chattel Paper: Analysis of § 9-308 of the U.C.C.
- Creator:
- Wilson, Joseph
- Date of Original:
- 1995-01-01
- Subject:
- University of Georgia. School of Law
Law--Study and teaching
International law - Location:
- United States, Georgia, Clarke County, Athens, 33.96095, -83.37794
- Medium:
- dissertations
- Type:
- Text
- Format:
- application/pdf
- Description:
- Commercial Law
Article 9 of the Uniform Commercial Code (UCC) governs any transaction which creates a security interest in personal property or fixtures. Generally when there is a conflict between secured parties in the same collateral, the UCC’s default priority rule declares the first secured party to file a financing statement or perfect its interest to have priority. However, section 9-308 creates an exception to this default rule when the security interest is claimed in chattel paper. Chattel paper is a group of writings taken together that evidence both a monetary obligation and a security interest in or a lease of specific goods. Section 9-308 gives priority to a purchaser of chattel paper that perfects its interest in the chattel paper by taking possession. This thesis reviews Article 9’s “first-to-file” rule and critiques the exception to this rule found in section 9-308, with the author suggesting section 9-308 is unnecessary and should be deleted. - External Identifiers:
- Metadata URL:
- https://digitalcommons.law.uga.edu/stu_llm/127
- Holding Institution:
- Alexander Campbell King Law Library
- Rights:
-
