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The collateral, however, can be any kind of asset, tangible orintangible, existing or future, variable or fixed. Depending on the collateral,the formal requirements may vary (e.g. for real estate a public deed isrequired for the security agreement23)Articles 824-841 of the Swiss Civil Code. to validly establish (“perfect” in themeaning of UCC Article 9) the security, not only inter partes but also againstthird parties
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