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0 tracked cards Supplemental - Not MEE July 2026

Which combination is generally required for a security interest to attach to collateral under Article 9?

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The collateral has a resale value greater than the debt. Value has been given, the debtor has rights in the collateral or power to transfer rights, and the debtor has authenticated a security agreement describing the collateral or an Article 9 substitute such as possession or control applies. The debtor has signed a promissory note, regardless of whether any collateral is described. The secured party has filed a financing statement and the debtor has defaulted.

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