§ 488.435.To Attach Chattel Paper
Title 6.5. Attachment · Chapter 8. Levy Procedures; Lien of Attachment; Management and Disposition of Attached Property · Article 2. Methods of Levy · Enacted 1982 · no amendments on record · Last verified July 28, 2026
Full Text of § 488.435
Plain-English Summary
Chattel paper — records evidencing both a monetary obligation and a security interest in specific goods, such as a conditional sales contract — is attached under § 700.100. Section 488.435 adds a reach-through effect: the levy does not stop at the paper itself but also creates a lien on the defendant's rights in the underlying goods the paper describes, so the plaintiff's security is not limited to the document alone.
Frequently Asked Questions
Does attaching chattel paper also reach the goods it describes?
Yes. Section 488.435(b) creates a lien on the defendant's rights in the specific goods subject to the chattel paper, in addition to any lien on the paper itself.
What is chattel paper for purposes of this section?
It is a record evidencing both a monetary obligation and a security interest in specific goods, such as a conditional sales contract, which § 488.435 attaches under § 700.100.
Amendment History
Added by Stats. 1982, Ch. 1198, Sec. 50. Operative July 1, 1983, by Sec. 70 of Ch. 1198.