Purchase Money Security Interests under the Revised Article Nine of the Uniform Commercial Code

Content Provider	Scilit
Author	Meyer, Keith
Copyright Year	2017
Description	The Uniform Commercial Code (UCC) was conceived in 1940. The UCC facilitates the development of uniform laws without the involvement of Congress. Since 1944, National Conference of Commissioners on Uniform State Laws (NCCUSL), and the American Law Institute (ALI) have been co-sponsors of the UCC and have worked to preserve and update it. Many of the transactions involving goods and services involve the extension of credit. Article 9 governs secured transactions in personal or movable property. The creation of an enforceable security interest requires more than an appropriate security agreement. This chapter focuses on the unique treatment of a purchase money security interest (PMSI) in Revised Article 9. Revised Article 9 specifically restricts the rules dealing with the dual status, transformation and cross-collateral rules to commercial transactions. PMSIs in certain circumstances are treated differently and given a priority often called a "super-priority". Book Name: Security Interests in Mobile Equipment
Related Links	https://api.taylorfrancis.com/content/chapters/edit/download?identifierName=doi&identifierValue=10.4324/9781315184562-7&type=chapterpdf
Ending Page	290
Page Count	40
Starting Page	251
DOI	10.4324/9781315184562-7
Language	English
Publisher	Informa UK Limited
Publisher Date	2017-11-30
Access Restriction	Open
Subject Keyword	Book Name: Security Interests in Mobile Equipment Security Interest Revised Article Uniform Purchase Money
Content Type	Text
Resource Type	Chapter