§ 481.225.Tangible Personal Property
Title 6.5. Attachment · Chapter 1. Words and Phrases Defined · Enacted 1982 · no amendments on record · Last verified July 28, 2026
Full Text of § 481.225
Plain-English Summary
This definition is counterintuitive at first glance: chattel paper, documents of title, instruments, and securities are financial paper, not physical goods in the everyday sense, yet § 481.225 groups them with money as "tangible personal property." That classification matters because it determines which levy procedures in Chapter 8 apply — these items are attached by taking physical custody of the paper itself (or a comparable formal step), the same general approach used for tangible goods, rather than by the notice-based procedures used for accounts receivable and general intangibles, which are intangible in the ordinary sense.
Frequently Asked Questions
Why are documents of title and instruments classified as "tangible" personal property?
Section 481.225 groups chattel paper, documents of title, instruments, securities, and money together as tangible personal property because attachment of each is carried out by taking custody of the physical paper or a comparable formal step, unlike the notice-based levy used for intangibles.
Does "tangible personal property" under this title include cash?
Yes. Section 481.225 lists money alongside chattel paper, documents of title, instruments, and securities within its definition of tangible personal property.
Amendment History
Added by Stats. 1982, Ch. 1198, Sec. 21. Operative July 1, 1983, by Sec. 70 of Ch. 1198.