The present study is divided into two main parts. Part One discusses the nature, distinctive characteristics and weaknesses of the major types of possessory and non-possessory security interests in personal property currently available in the Mexican legal system under its Civil Code and various applicable commercial laws. / Part Two suggests some modern approaches that shall be considered for adoption in Mexico based largely on a comparison with the advanced structure of secured transactions under Article 9 of the Uniform Commercial Code of the United States, Book Six of the Civil Code of Quebec, and the Canadian Personal Property Security Acts. All may serve as effective models for Mexican legislators to follow in their aim to modernize personal property security law.

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