Personal Property Secured Transactions.

The article explores legal developments involving personal property secured transactions. Topics discussed are scope of Article 9 of the Uniform Commercial Code (UCC) relating to the outright transfer of ownership and an interest to secure an obligation, requirements for a security interest to attach to collateral, methods of perfection of a security interest, first-to-file-or-perfect rule on determining priority perfected security interest, security interest enforcement and debtor liability.