§ 36-9-312. Perfection of security interests in chattel paper, deposit accounts, documents, goods covered by documents, instruments,.
125 words·~1 min read·
/sc/title-36-commercial-code/chapter-9/commercial-code-secured-transactions/36-9-312·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
§ 36-9-312. Perfection of security interests in chattel paper, deposit accounts, documents, goods covered by documents, instruments, investment property, letter-of-credit rights, and money; perfection by permissive filing; temporary perfection without filing or transfer of possession.
(a)A security interest in chattel paper, negotiable documents, instruments, or investment property may be perfected by filing.
(b)Except as otherwise provided in Section 36-9-315(c) and
(d)for proceeds:
(1)a security interest in a deposit account may be perfected only by control under Section 36-9-314;
(2)and except as otherwise provided in Section 36-9-308(d), a security interest in a letter-of-credit right may be perfected only by control under Section 36-9-314; and
(3)a security interest in money may be perfected only by the secured party's taking possession under