§ 9-309. 9-309
252 words·~1 min read·
/us/ucc/a9/s9-309A 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 Section 9-311(b) with respect to consumer goods that are subject to a statute or treaty described in Section 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 Section 2-401 , 2-505 , 2-711 (3), or 2A-508 (5), until the debtor obtains possession of the collateral;
(7)a security interest of a collecting bank arising under Section 4-210 ;
(8)a security interest of an issuer or nominated person arising under Section 5-118 ;
(9)a security interest arising in the delivery of a financial asset under Section 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.
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§ 9-309
9-309
Fed. Reg.×1
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