HARRY HUGHES, Governor

2895

(3) A "lien creditor" means a creditor who has
acquired a lien on the property involved by attachment, levy
or the like and includes an assignee for benefit of
creditors from the time of assignment, and a trustee in
bankruptcy from the date of the filing of the petition or a
receiver in equity from the time of appointment. [Unless all
the creditors represented had knowledge of the security
interest such a representative of creditors is a lien
creditor without knowledge even though he personally has
knowledge of the security interest.]

9-302.

(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;]

(C) A SECURITY INTEREST CREATED BY AN ASSIGNMENT
OF A BENEFICIAL INTEREST IN A TRUST OR A DECEDENT'S ESTATE;

(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 title on sales (see § 9-113) or
covered in subsection (3) of this section[.];

(G) AN ASSIGNMENT FOR THE BENEFIT OF ALL THE
CREDITORS OF THE TRANSFEROR, AND SUBSEQUENT TRANSFERS BY THE
ASSIGNEE THEREUNDER.

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