Tangible Chattel Paper | Practical Law
Tangible Chattel Paper
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Tangible Chattel Paper
Practical Law Glossary Item 1-382-9826
(Approx. 2 pages)
Glossary
Tangible Chattel Paper
Defined in the
UCC
as
chattel paper
evidenced by a record or records consisting of information inscribed on a tangible medium (
UCC § 9-102(a)(79)
).
Tangible chattel paper is an asset type over which an entity can grant a security interest under Article 9 of the UCC.