MARVIN MANDEL, Governor

275

of creditors is a lien creditor without knowledge even
though he personally has knowledge of the security
interest.

9—302. When filing is required to perfect security
interest; security interests to which filing provisions
of this [subtitle) TITLE do not apply.

(1)   A financing statement must be filed to perfect
all security interests except the following;

(a)    A security interest in collateral in
possession of the secured party under § 9—305;

(b)   A security interest temporarily perfected
in instruments or documents without delivery under §
9—304 or in proceeds for a ten day period under § 9—306;

(c)   A purchase money security interest in
farm equipment having a purchase price not in excess of
$500; but filing is required for a fixture under § 9—313
or for a motor vehicle required to be licensed;

(d)    A purchase money security interest in
consumer goods having a purchase price not in excess of
$500; but filing is required for a fixture under § 9—313
or for a motor vehicle required to be licensed;

(e)   An assignment of accounts or contract
rights which does not alone or in conjunction with other
assignments to the same assignee transfer a significant
part of the outstanding accounts or contract rights of
the assignor;

(f)   A security interest of a collecting bank
(§ 4—208) or arising under the [subtitle) TITLE on sales
(see § 9—113) or covered in subsection (3) of this
section.

(2)   If a secured party assigns a perfected security
interest, no filing under this [subtitle) TITLE is
required in order to continue the perfected status of the
security interest against creditors of and transferees
from the original debtor.

(3)    The filing provisions of this [subtitle) TITLE
do not apply to a security interest in property subject
to a statute

(a)   Of the United States which provides for a
national registration or filing of all security interests
in such property; or

(b)    Of this State which provides for central