57A-9-309. Security interests that are perfected when they attach.

251 words·~1 min read·/sd/title-57/chapter-57-9/57a-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:

(1)A purchase - money security interest in consumer goods, except as otherwise provided in § 57A-9-311(b) with respect to consumer goods that are subject to a statute or treaty described in § 57A-9-311(a);

(2)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;

(3)A sale of a payment intangible;

(4)A sale of a promissory note;

(5)A security interest created by the assignment of a health - care - insurance receivable to the provider of the health - care goods or services;

(6)A security interest arising under § 57A-2-401 , 57A-2-505 , 57A-2-711(3), or 57A-2A-508(5), until the debtor obtains possession of the collateral;

(7)A security interest of a collecting bank arising under § 57A-4-210 ;

(8)A security interest of an issuer or nominated person arising under § 57A-5-118 ;

(9)A security interest arising in the delivery of a financial asset under § 57A-9-206(c);

(10)A security interest in investment property created by a broker or securities intermediary;

(11)A security interest in a commodity contract or a commodity account created by a commodity intermediary;

(12)An assignment for the benefit of all creditors of the transferor and subsequent transfers by the assignee thereunder; and

(13)A security interest created by an assignment of a beneficial interest in a decedent's estate.