{"data":{"id":"us-de/6-del.-c.-9-111","jurisdiction":"us-de","citation":"6 Del. C. § 9-111","heading":"Law governing creation, attachment and enforcement of security interests; characterizations; and certain other rights.","body":"(a) Law governing classification of collateral and creation, attachment and enforcement of security interests. — If a security agreement is governed by the Laws of the State of Delaware, then those Laws shall govern, among other things:\n(1) The classification of the collateral subject to that agreement; and\n(2) The creation, attachment, validity and enforcement of the security interest.\n(b) Law governing characterization of certain transactions. — If an agreement is governed by the Laws of the State of Delaware, then those Laws shall govern, among other things:\n(1) The characterization of a transaction subject to that agreement as (A) an interest in personal property or fixtures that secures payment or performance of an obligation, or (B) a sale, lease, bailment or consignment; and\n(2) The characterization of a transaction subject to that agreement as a securitization transaction for purposes of Chapter 27A of this title.","path":["Title 6. Commerce and Trade","SUBTITLE I","Uniform Commercial Code","ARTICLE 9. Secured Transactions","Part 1","General Provisions"],"source_url":"https://delcode.delaware.gov/title6/c009/sc01/index.html#9-111","current_through":"2026-08-10 (85 Del. Laws, c. 421, 424)","vintage":"","retrieved_at":"2026-09-05T23:02:06Z","sha256":"e6a48d78e9a14c47af9b9dc46ecd88a33b2eec159844ab35b6921a49cc471ea8","source_id":"us-de","stale":true,"prev":"us-de/6-del.-c.-9-110","next":"us-de/6-del.-c.-9-201"},"notice":"GroundRules: Original legal text. Not legal advice."}