440.9310 When filing required to perfect security interest or agricultural lien; security interests and agricultural liens to which filing provisions do not apply.

308 words·~1 min read·/mi/chapter-440/440-9310

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

Sec. 9310.

(1)Except as otherwise provided in subsection

(2)and section 9312(2), a financing statement must be filed to perfect all security interests and agricultural liens.

(2)The filing of a financing statement is not necessary to perfect 1 or more of the following:

(a)A security interest that is perfected under section 9308(4), (5), (6), or (7).

(b)A security interest that is perfected under section 9309 when it attaches.

(c)A security interest in property subject to a statute, regulation, or treaty described in section 9311(1).

(d)A security interest in goods in possession of a bailee that is perfected under section 9312(4)(a) or (b).

(e)A security interest in certificated securities, documents, goods, or instruments that is perfected without filing, control, or possession under section 9312(5), (6), or (7).

(f)A security interest in collateral in the secured party's possession under section 9313.

(g)A security interest in a certificated security that is perfected by delivery of the security certificate to the secured party under section 9313.

(h)A security interest in deposit accounts, electronic chattel paper, electronic documents, investment property, or letter-of-credit rights that is perfected by control under section 9314.

(i)A security interest in proceeds that is perfected under section 9315.

(j)A security interest that is perfected under section 9316.

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

History: 1962, Act 174, Eff. Jan. 1, 1964 ;-- Am. 2000, Act 348 , Eff. July 1, 2001 ;-- Am. 2012, Act 87 , Eff. July 1, 2013