Taking security over choses in action

Resource type: Practice note

Status: Maintained

Jurisdictions: England, Wales

A note on taking security over choses in action. A chose in action is an asset that can only be claimed or enforced by action at law or equity, rather than by taking physical possession of the asset.

The note looks at how to take security over various types of choses in action such as rights under contracts, debts, financial instruments and cash deposits in bank accounts.

PLC Finance

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Resource information

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Resource ID: 4-201-9675
Products: PLC UK Finance, PLC UK Public Sector
This resource is maintained, meaning that we monitor developments on a regular basis and update it as soon as possible.

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Related content

Topics

Asset FinanceAsset Finance (http://corporate.practicallaw.com/5-201-5200)
Project FinanceProject Finance (http://corporate.practicallaw.com/3-201-5282)
Real Estate Finance and InvestmentReal Estate Finance and Investment (http://corporate.practicallaw.com/9-103-2086)
Security and Quasi SecuritySecurity and Quasi Security (http://corporate.practicallaw.com/6-103-1106)
Trade FinanceTrade Finance (http://corporate.practicallaw.com/0-103-1109)

Practice note: overview

Perfection and priority of security Perfection and priority of security (http://crossborder.practicallaw.com/topic6-107-5015)
Registration of charges created by companies and limited liability partnerships on or after 6 April 2013 Registration of charges created by companies and limited liability partnerships on or after 6 April 2013 (http://crossborder.practicallaw.com/topic4-520-9238)
Taking security Taking security (http://crossborder.practicallaw.com/topic2-107-4032)

Practice notes

Assignment of a claim or cause of action Assignment of a claim or cause of action (http://crossborder.practicallaw.com/topic1-522-7861)
Financial collateral arrangements Financial collateral arrangements (http://crossborder.practicallaw.com/topic8-212-1954)
Registration of charges created by companies and limited liability partnerships on or after 1 October 2009 Registration of charges created by companies and limited liability partnerships on or after 1 October 2009 (http://crossborder.practicallaw.com/topic7-385-5619)
Taking security over cash deposits Taking security over cash deposits (http://crossborder.practicallaw.com/topic8-201-9254)
Taking security over shares and debt securities Taking security over shares and debt securities (http://crossborder.practicallaw.com/topic8-200-4403)

Standard documents

Debenture Debenture (http://crossborder.practicallaw.com/topic3-202-3055)
Security assignment of contractual rights Security assignment of contractual rights (http://crossborder.practicallaw.com/topic9-508-0695)

Checklist

Taking security from an English company Taking security from an English company (http://crossborder.practicallaw.com/topic0-502-2898)

Glossary

Assignment Assignment (http://crossborder.practicallaw.com/topic1-107-6442)
Chose in action Chose in action (http://crossborder.practicallaw.com/topic2-107-5828)

Taking security over choses in action

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