INTANGIBLES, QUASI-INTANGIBLES & TYPES OF INVESTMENT PROPERTY

Question 1

Types of Intangibles & Quasi-Intangibles

Intangibles, Quasi-Intangibles, & Types of Investment Property

Answer 1

• Accounts
• General Intangibles
• Documents
• Chattel Paper
• Deposit Accounts
• Commercial Tort Claims

Question 2

Types of Investment Property – Investment Property Definition
Intangibles, Quasi-Intangibles, & Types of Investment Property

Answer 2

“Investment Property” means a security, whether certificated or uncertificated, security entitlement, securities account, or commodities account.

Question 3

Types of Investment Property – Security Definition

Intangibles, Quasi-Intangibles, & Types of Investment Property

Answer 3

“Security,” except as otherwise provided, means an obligation of an issuer or a share, participation, or other interest in an issuer or in property or an enterprise of an issuer: (i) which is represented by a security certificate; (ii) which is one of a class or series or by its terms is divisible into a class or series of shares, participations, interests, or obligations; and (iii) which: (A) is, or is of a type, dealt in or traded on securities exchanges or securities markets; or (B) is a medium for investment and expressly provides that it is a security governed by this Article.

Question 4

Types of Investment Property – Security Entitlement Definition
Intangibles, Quasi-Intangibles, & Types of Investment Property

Answer 4

“Security entitlement” means the rights and property interest of an entitlement holder with respect to a final asset specified in Part 5 of Article 8.

Question 5

Types of Investment Property – Securities Account Definition
Intangibles, Quasi-Intangibles, & Types of Investment Property

Answer 5

“Securities Account” means an account to which a financial asset is or may be credited in accordance with an agreement under which the person maintaining the account undertakes to treat the person for whom the account is maintained as entitled to exercise the rights that comprise the financial asset.

Question 6

Types of Investment Property – Commodity Contract Definition
Intangibles, Quasi-Intangibles, & Types of Investment Property

Answer 6

“Commodity contract” means a commodity futures contract, an option on a commodity futures contract, a commodity option, or another contract if the contract or option is: (A) traded on or subject to the rules of a board of trade that has been designated as a contract market for such a contract pursuant to federal commodities laws; or (B) traded on a foreign commodity board of trade, exchange, or market, and is carried on the books of a commodity intermediary for a commodity customer.

Question 7

Types of Investment Property – Commodity Account Definition

Intangibles, Quasi-Intangibles, & Types of Investment Property

Answer 7

“Commodity account” means an account maintained by a commodity intermediary in which a commodity contract is carried for a commodity customer.