[youngstyle]

I am currently using Becker to study regulation.

One of the questions in Becker says stocks, bonds, and negotiable instruments can be only perfected by

possession or control. So is it not possible to perfect by filing on those?

[youngstyle]

not one person knows this or just too lazy to answer…

[youngstyle]

not one person knows this or just too lazy to answer…

[teeteenounouche]

youngstyle, below are the notes I have on perfection:

If any 1 is satisfied, the creditor has a perfected security interest. Secured transactions cover intangible and tangible property.

– File a financing statement in the appropriate public office

– Automatic perfection (a PMSI – only to consumers not other resalers)

– Take possession of the collateral

Florida:
AUD: 73, 81! Thank you Lord!
BEC: 73, 77! Thank you Lord! and WTB
REG: 71, 82! Thank you Lord! and A71
FAR: 72, 78! Thank you God and my Mommy in Heaven!

CPA Excel, Ninja Notes & Audio, Wiley Test Bank, CPAreviewforfree

[teeteenounouche]

youngstyle, below are the notes I have on perfection:

If any 1 is satisfied, the creditor has a perfected security interest. Secured transactions cover intangible and tangible property.

– File a financing statement in the appropriate public office

– Automatic perfection (a PMSI – only to consumers not other resalers)

– Take possession of the collateral

Florida:
AUD: 73, 81! Thank you Lord!
BEC: 73, 77! Thank you Lord! and WTB
REG: 71, 82! Thank you Lord! and A71
FAR: 72, 78! Thank you God and my Mommy in Heaven!

CPA Excel, Ninja Notes & Audio, Wiley Test Bank, CPAreviewforfree

[youngstyle]

The word “only” caught my eyes. I was just scared if my exam is that specific..haha

I asked a few of my friends who took regulation, but they all thought even bonds, stocks could be perfected with filing.

hmm..

[youngstyle]

The word “only” caught my eyes. I was just scared if my exam is that specific..haha

I asked a few of my friends who took regulation, but they all thought even bonds, stocks could be perfected with filing.

hmm..

[Anonymous]

I just got up to reviewing for this part and here is what I have:

For perfecting through filing -> any type is allowed except deposit accounts and money (so I would assume investment property is allowed).

For perfecting through possession -> any type is allowed except intangible property (A/R, N/R, etc)

For perfecting through control -> only used for investment property (but doesn't mean investment property can't used other methods)

[Anonymous]

I just got up to reviewing for this part and here is what I have:

For perfecting through filing -> any type is allowed except deposit accounts and money (so I would assume investment property is allowed).

For perfecting through possession -> any type is allowed except intangible property (A/R, N/R, etc)

For perfecting through control -> only used for investment property (but doesn't mean investment property can't used other methods)

[youngstyle]

thank you

I guess I need to study more on that part!

[youngstyle]

thank you

I guess I need to study more on that part!

[Author]

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