Pennsylvania § 9314.1 - Perfection by possession and control of chattel paper.
Full text of Pennsylvania Pennsylvania Consolidated Statutes § 9314.1 — Perfection by possession and control of chattel paper., with citation guidance and answers to common questions.
§ 9314.1. Perfection by possession and control of chattel paper.
(a) Perfection by possession and control.--A secured party may perfect a security interest in chattel paper by taking possession of each authoritative tangible copy of the record evidencing the chattel paper and obtaining control of each authoritative electronic copy of the electronic record evidencing the chattel paper.
(b) Time of perfection; continuation of perfection.--A security interest is perfected under subsection (a) not earlier than the time the secured party takes possession and obtains control and remains perfected under subsection (a) only while the secured party retains possession and control.
(c) Application of section 9313 to perfection by possession of chattel paper.--Section 9313(c), (f), (g), (h) and (i) (relating to when possession by or delivery to secured party perfects security interest without filing) applies to perfection by possession of an authoritative tangible copy of a record evidencing chattel paper.
(July 1, 2024, P.L.450, No.41, eff. 60 days)
2024 Amendment. Act 41 added section 9314.1. See section 1 of Act 41 in the appendix to this title for special provisions relating to findings and declarations.
Cross References. Section 9314.1 is referred to in sections 9203, 9306.1, 9310 of this title.
Source: official Pennsylvania text · Last verified 2026-08-27
Frequently Asked Questions About Pennsylvania § 9314.1
What does Pennsylvania Consolidated Statutes § 9314.1 cover?
Section 9314.1 ("Perfection by possession and control of chattel paper.") is part of the Pennsylvania Consolidated Statutes, the codified statutory law of Pennsylvania. 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 Pennsylvania § 9314.1?
A common citation format is "Pennsylvania Consolidated Statutes § 9314.1" (Pennsylvania). 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 Pennsylvania law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Pennsylvania official source linked on this page or consult a licensed Pennsylvania attorney.
How does Pennsylvania § 9314.1 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Pennsylvania 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 Pennsylvania.