New Jersey § 12a:9-318
Full text of New Jersey New Jersey Statutes § 12a:9-318, with citation guidance and answers to common questions.
§ 12a:9-318.
(a) Seller retains no interest. A debtor that has sold an account, chattel paper, payment intangible, or promissory
note does not retain a legal or equitable interest in the collateral sold. (b) Deemed rights of debtor if buyer's security interest unperfected. For purposes of determining the rights of creditors of, and purchasers for value
of an account or chattel paper from, a debtor that has sold an account or chattel
paper, while the buyer's security interest is unperfected, the debtor is deemed to
have rights and title to the account or chattel paper identical to those the debtor
sold.
Frequently Asked Questions About New Jersey § 12a:9-318
What does New Jersey Statutes § 12a:9-318 cover?
Section 12a:9-318 is part of the New Jersey Statutes, the codified statutory law of New Jersey. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite New Jersey § 12a:9-318?
A common citation format is "New Jersey Statutes § 12a:9-318" (New Jersey). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of New Jersey law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the New Jersey official source linked on this page or consult a licensed New Jersey attorney.
How does New Jersey § 12a:9-318 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in New Jersey can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in New Jersey.