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Personal Property
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Personal Property
Practical Law Glossary Item 9-382-3689
(Approx. 2 pages)
Glossary
Personal Property
Tangible and intangible assets of an entity, other than its real property. Article 9 of the
UCC
provides the framework for an entity granting a
security interest
over its personal property and
fixtures
to secure certain obligations to a secured party. For more information on taking a security interest over personal property, see
Practice Note, UCC Creation, Perfection, and Priority of Security Interests
.