§ 12A-1-9-309. Security interest perfected upon attachment.  


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  • SECURITY INTEREST PERFECTED UPON ATTACHMENT

    The following security interests are perfected when they attach:

    (1)  a purchase-money security interest in consumer goods, except as otherwise provided in subsection (b) of Section 1-9-311 of this title with respect to consumer goods that are subject to a statute or treaty described in subsection (a) of Section 1-9-311 of this title;

    (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, paragraph (3) of Section 2-711, or paragraph (5) of Section 2A-508 of this title, until the debtor obtains possession of the collateral;

    (7)  a security interest of a collecting bank arising under Section 4-210 of this title;

    (8)  a security interest of an issuer or nominated person arising under Section 5-118 of this title;

    (9)  a security interest arising in the delivery of a financial asset under subsection (c) of Section 1-9-206 of this title;

    (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;

    (13)  a security interest created by an assignment of a beneficial interest in a decedent’s estate; and

    (14)  a sale by an individual of an account that is a right to payment of winnings in a lottery or other game of chance.

Added by Laws 2000, c. 371, § 29, eff. July 1, 2001.  Amended by Laws 2004, c. 153, § 4, eff. Nov. 1, 2004.