UCC § 9-203 - Attachment and Enforceability of Security Interest

(b) A security interest is enforceable against the debtor and third parties with respect to the collateral only if:
  (1) value has been given;
  (2) the debtor has rights in the collateral or the power to transfer rights in the collateral to a secured party; and
  (3) one of the following conditions is met:
    (A) the debtor has authenticated a security agreement that provides a description of the collateral...

Effective: June 3, 2026