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Code · Arizona · Title 47 — Welfare, Social Services, and Institutions

47-9309. Security interest perfected on attachment

254 words·~1 min read·/az/title-47/47-9309

A research copy — for the controlling text, always check the official state or federal source. Not legal advice.

The following security interests are perfected when they attach:
1. A purchase money security interest in consumer goods, except as otherwise provided in section 47-9311, subsection B with respect to consumer goods that are subject to a statute or treaty described in section 47-9311, subsection A;
2. An assignment of accounts or payment intangibles that does not by itself or in conjunction with other assignments to the same assignee transfer a significant part of the assignor's outstanding accounts or payment intangibles;
3. A sale of a payment intangible;
4. A sale of a promissory note;
5. A security interest created by the assignment of a health-care-insurance receivable to the provider of the health care goods or services;
6. A security interest arising under section 47-2401, section 47-2505, section 47-2711, subsection C or section 47-2A508, subsection E, until the debtor obtains possession of the collateral;
7. A security interest of a collecting bank arising under section 47-4210;
8. A security interest of an issuer or nominated person arising under section 47-5118;
9. A security interest arising in the delivery of a financial asset under section 47-9206, subsection C;
10. A security interest in investment property created by a broker or securities intermediary;
11. A security interest in a commodity contract or a commodity account created by a commodity intermediary;
12. An assignment for the benefit of all creditors of the transferor and subsequent transfers by the assignee thereunder; and
13. A security interest created by an assignment of a beneficial interest in a decedent's estate.
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