Title to Collateral Immaterial.
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Law
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Michigan Compiled Laws
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Uniform Commercial Code
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174 of 1962 - Uniform Commercial Code (440.1101 - 440.11102)
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Secured Transactions (440.9101...440.9994)
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Part 2 Effectiveness of Security Agreement; Attachment of Security Interest; Rights of Parties to Security Agreement (440.9201...440.9210)
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Subpart 1. Effectiveness and Attachment (440.9201...440.9206)
- Title to Collateral Immaterial.
Sec. 9202.
Except as otherwise provided with respect to consignments or sales of accounts, chattel paper, payment intangibles, or promissory notes, the provisions of this article with regard to rights and obligations apply whether title to collateral is in the secured party or the debtor.
History: 1962, Act 174, Eff. Jan. 1, 1964 ;-- Am. 2000, Act 348, Eff. July 1, 2001
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