§9-1309. Security interest perfected upon attachment
489 words·~2 min read·
/me/title-11-uniform-commercial-code/9-1309A 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: [PL 1999, c. 699, Pt. A, §2 (NEW); PL 1999, c. 699, Pt. A, §4 (AFF).]
(1). A purchase-money security interest in a consumer good having a purchase price of $10,000 or less, except as otherwise provided in section 9‑1311, subsection
(2)with respect to consumer goods that are subject to a statute or treaty described in section 9‑1311, subsection
(1);
[PL 1999, c. 699, Pt. A, §2 (NEW); PL 1999, c. 699, Pt. A, §4 (AFF).]
(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;
[PL 1999, c. 699, Pt. A, §2 (NEW); PL 1999, c. 699, Pt. A, §4 (AFF).]
(3). A sale of a payment intangible;
[PL 1999, c. 699, Pt. A, §2 (NEW); PL 1999, c. 699, Pt. A, §4 (AFF).]
(4). A sale of a promissory note;
[PL 1999, c. 699, Pt. A, §2 (NEW); PL 1999, c. 699, Pt. A, §4 (AFF).]
(5). A security interest created by the assignment of a health-care-insurance receivable to the provider of the health-care goods or services;
[PL 1999, c. 699, Pt. A, §2 (NEW); PL 1999, c. 699, Pt. A, §4 (AFF).]
(6). A security interest arising under section 2‑401 , 2‑505 , 2‑711, subsection
(3)or 2‑1508, subsection
(5), until the debtor obtains possession of the collateral;
[PL 1999, c. 699, Pt. A, §2 (NEW); PL 1999, c. 699, Pt. A, §4 (AFF).]
(7). A security interest of a collecting bank arising under section 4‑210 ;
[PL 1999, c. 699, Pt. A, §2 (NEW); PL 1999, c. 699, Pt. A, §4 (AFF).]
(8). A security interest of an issuer or nominated person arising under section 5‑1118 ;
[PL 1999, c. 699, Pt. A, §2 (NEW); PL 1999, c. 699, Pt. A, §4 (AFF).]
(9). A security interest arising in the delivery of a financial asset under section 9‑1206, subsection
(3);
[PL 1999, c. 699, Pt. A, §2 (NEW); PL 1999, c. 699, Pt. A, §4 (AFF).]
(10). A security interest in investment property created by a broker or securities intermediary;
[PL 1999, c. 699, Pt. A, §2 (NEW); PL 1999, c. 699, Pt. A, §4 (AFF).]
(11). A security interest in a commodity contract or a commodity account created by a commodity intermediary;
[PL 1999, c. 699, Pt. A, §2 (NEW); PL 1999, c. 699, Pt. A, §4 (AFF).]
(12). An assignment for the benefit of all creditors of the transferor and subsequent transfers by the assignee thereunder; and
[PL 1999, c. 699, Pt. A, §2 (NEW); PL 1999, c. 699, Pt. A, §4 (AFF).]
(13). A security interest created by an assignment of a beneficial interest in a decedent's estate.
[PL 1999, c. 699, Pt. A, §2 (NEW); PL 1999, c. 699, Pt. A, §4 (AFF).]