A security interest is enforceable only if the collateral is not in the debtor's possession.

Name: A security interest is enforceable only if the collateral is not in the debtor's possession.
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A security interest can still be enforceable even if the collateral is in the debtor's possession. However, in such cases, the security interest must be perfected through other means such as filing a UCC-1 financing statement or taking possession of the collateral.

A Security Interest Is Enforceable Only If the Collateral Is