Taking security over choses in action

A note on taking security over choses in action.  A chose in action is an asset that can only be claimed or enforced by action at law or equity, rather than by taking physical possession of the asset.

The note looks at how to take security over various types of choses in action such as rights under contracts, debts, financial instruments and cash deposits in bank accounts.

For a global guide to finance, which includes information on taking security over claims and receivables in various jurisdictions, see Finance Global Guide.


The full text of this resource is available by logging in or by requesting a trial. If you have any questions, please contact us or your Practical Law Account Executive.

Free trial

A free trial will give you:

Unlimited access to our online legal know-how services during the trial period
Full training and support
Four issues of Practical Law The Journal, the companion to Practical Law online
Weekly update e-mails on current legal developments in your practice area

Log in using Practical Law username

Only use this login if you have not set up OnePass for Practical Law

{ "siteName" : "PLC", "objType" : "PLC_Doc_C", "objID" : "1247243576630", "objName" : "Taking security over choses in action", "userID" : "2", "objUrl" : "http://us.practicallaw.com/cs/Satellite/us/resource/4-201-9675?source=relatedcontent", "pageType" : "Resource", "academicUserID" : "", "contentAccessed" : "false", "analyticsPermCookie" : "2-3b01f5d1:15b04781cd2:35a", "analyticsSessionCookie" : "2-3b01f5d1:15b04781cd2:35b", "statisticSensorPath" : "http://analytics.practicallaw.com/sensor/statistic" }