4-9-309. Security interest perfected upon attachment.
269 words·~1 min read·
/co/title-4-uniform-commercial-code/article-9-secured-transactions/4-9-309·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 4-9-311
(b)with respect to consumer goods that are subject to a statute or treaty described in section 4-9-311 (a);
(2)An assignment of accounts or payment intangibles which 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 4-2-401, 4-2-505, 4-2-711 (3), or 4-2.5-508 (5), until the debtor obtains possession of the collateral;
(7)A security interest of a collecting bank arising under section 4-4-210;
(8)A security interest of an issuer or nominated person arising under section 4-5-117.5;
(9)A security interest arising in the delivery of a financial asset under section 4-9-206 (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;
(13)A security interest created by an assignment of a beneficial interest in a decedent's estate; and
(14)A sale by an individual of an account that is a right to payment of winnings in a lottery or other game of chance.