---
title: O.C.G.A. § 11-9-314A. Perfection by possession and control of chattel paper.
collection: code
id: 11-9-314A
cite_as: O.C.G.A. § 11-9-314A (2025)
canonical_url: https://georgiacommons.org/code/11-9-314A
md_url: https://georgiacommons.org/code/11-9-314A.md
text_url: https://georgiacommons.org/code/11-9-314A/text
source_url: https://www.legis.ga.gov/api/document/docs/default-source/joint-features-document-library/t11-(v9)-pdf.pdf?sfvrsn=df925151_0#page=114
date: 2025
status: active
corpus_version: 2025-supplement-89aa39ab3c68
license: CC0-1.0
publisher: Georgia Commons, an independent project of Georgia Civic Data. Not the State of Georgia. Not legal advice.
up: https://georgiacommons.org/code/11-9.md
previous: https://georgiacommons.org/code/11-9-314.md
next: https://georgiacommons.org/code/11-9-315.md
index: https://georgiacommons.org/code/index.md
version: the only printed version
in_force: true
current_through: Including Acts of the 2025 Regular Session of the General Assembly
heading_path: COMMERCIAL CODE / SECURED TRANSACTIONS / PERFECTION AND PRIORITY / Perfection
---

# O.C.G.A. § 11-9-314A. 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) of this Code section not earlier than the time the secured party takes possession and obtains control and remains perfected under subsection (a) of this Code section only while the secured party retains possession and control.

(c) Application of Code Section 11-9-313 to perfection by possession of chattel paper. Subsections (c) and (f) through (i) of Code Section 11-9-313 apply to perfection by possession of an authoritative tangible copy of a record evidencing chattel paper.

## History

Code 1981, § 11-9-314A, enacted by Ga. L. 2024, p. 817, § 5-60/HB 1240, effective July 1, 2024.

## Editor's Notes

Ga. L. 2024, p. 817, § 1-1/HB 1240, not codified by the General Assembly, provides: “This Act shall be known and may be cited as the ‘Uniform Commercial Code Modernization Act of 2024.’”

Ga. L. 2024, p. 817, § 1-2/HB 1240, not codified by the General Assembly, provides: “Nothing in this Act shall be construed to support, endorse, create, or implement a national digital currency.”

## Effective Date

This Code section became effective July 1, 2024.