11-9-309. Security interest perfected upon attachment.
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/ga/title-11-commercial-code/subpart-2-perfection/11-9-309·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:
A purchase money security interest in consumer goods, except as otherwise provided in subsection
(b)of Code Section 11-9-311 with respect to consumer goods that are subject to a statute or treaty described in subsection
(a)of Code Section 11-9-311;
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;
A sale of a payment intangible;
A sale of a promissory note;
A security interest created by the assignment of a health care insurance receivable to the provider of the health care goods or services;
A security interest arising under Code Section 11-2-401 or 11-2-505, subsection
(3)of Code Section 11-2-711, or subsection
(5)of Code Section 11-2A-508, until the debtor obtains possession of the collateral;
A security interest of a collecting bank arising under Code Section 11-4-210;
A security interest of an issuer or nominated person arising under Code Section 11-5-118;
A security interest arising in the delivery of a financial asset under subsection
(c)of Code Section 11-9-206;
A security interest in investment property created by a broker or securities intermediary;
A security interest in a commodity contract or a commodity account created by a commodity intermediary;
An assignment for the benefit of all creditors of the transferor and subsequent transfers by the assignee thereunder; and
A security interest created by an assignment of a beneficial interest in a decedent’s estate.