RS 10:9-310

344 words·~2 min read·/la/title-10/10-299

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

RS 10:9-310

§9-310. When filing required to perfect security interest or agricultural lien; security interests and agricultural liens to which filing provisions do not apply

(a)General rule: perfection by filing. Except as otherwise provided in Subsection

(b)and R.S. 10:9-312(b), a financing statement must be filed to perfect all security interests and agricultural liens.

(b)Exceptions: filing not necessary. The filing of a financing statement is not necessary to perfect a security interest:

(1)that is perfected under R.S. 10:9-308(d), (e), (f), or (g);

(2)that is perfected under R.S. 10:9-309 when it attaches;

(3)in property subject to a statute, regulation, or treaty described in R.S. 10:9-311(a);

(4)in goods in possession of a bailee when the security interest is perfected under R.S. 10:9-312(d)(1) or (2);

(5)in certificated securities, documents, goods, or instruments other than collateral mortgage notes which is perfected without filing, control, or possession under R.S. 10:9-312(e), (f), or (g);

(6)in collateral including a collateral mortgage note in the secured party's possession under R.S. 10:9-313;

(7)in a certificated security when the security interest is perfected by delivery of the security certificate to the secured party under R.S. 10:9-313;

(8)in controllable accounts, controllable electronic records, controllable payment intangibles, deposit accounts, electronic documents, investment property, letter-of-credit rights, or life insurance policies when the security interest is perfected by control under R.S. 10:9-314;

(8.1) in chattel paper which is perfected by possession and control under R.S. 10:9-314.1;

(9)in proceeds which is perfected under R.S. 10:9-315; or

(10)that is perfected under R.S. 10:9-316.

(c)Assignment of perfected security interest. If a secured party assigns a perfected security interest or agricultural lien, a filing under this Chapter is not required to continue the perfected status of the security interest against creditors of and transferees from the original debtor.

Acts 1988, No. 528, §1, eff. Jan. 1, 1990; Acts 1995, No. 1201, §3, eff. June 29, 1995; Acts 2001, No. 128, §1, eff. July 1, 2001; Acts 2009, No. 207, §5, eff. Jan. 1, 2010; Acts 2024, No. 773, §1.