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Session Laws, 1999
Volume 796, Page 2071   View pdf image
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(5) IN CERTIFICATED SECURITIES, DOCUMENTS, GOODS, OR
INSTRUMENTS WHICH IS PERFECTED WITHOUT FILING OR POSSESSION UNDER §
9-312(E), (F), OR (G);

(6) IN COLLATERAL IN THE SECURED PARTY'S POSSESSION UNDER §

9-313;

(7) IN A CERTIFICATED SECURITY WHICH IS PERFECTED BY DELIVERY
OF THE SECURITY CERTIFICATE TO THE SECURED PARTY UNDER § 9-313;

(8) IN DEPOSIT ACCOUNTS, ELECTRONIC CHATTEL PAPER, INVESTMENT
PROPERTY, OR LETTER-OF-CREDIT RIGHTS WHICH IS PERFECTED BY CONTROL
UNDER § 9-314;

(9) IN PROCEEDS WHICH IS PERFECTED UNDER § 9-315; OR

(10) THAT IS PERFECTED UNDER § 9-316.

(C) IF A SECURED PARTY ASSIGNS A PERFECTED SECURITY INTEREST OR
AGRICULTURAL LIEN, A FILING UNDER THIS ARTICLE IS NOT REQUIRED TO
CONTINUE THE PERFECTED STATUS OF THE SECURITY INTEREST AGAINST
CREDITORS OF AND TRANSFEREES FROM THE ORIGINAL DEBTOR

9-311. PERFECTION OF SECURITY INTERESTS IN PROPERTY SUBJECT TO CERTAIN
STATUTES, REGULATIONS, AND TREATIES.

(A) EXCEPT AS OTHERWISE PROVIDED IN SUBSECTION (D), THE FILING OF A
FINANCING STATEMENT IS NOT NECESSARY OR EFFECTIVE TO PERFECT A SECURITY
INTEREST IN PROPERTY SUBJECT TO:

(1) A STATUTE, REGULATION, OR TREATY OF THE UNITED STATES
WHOSE REQUIREMENTS FOR A SECURITY INTEREST'S OBTAINING PRIORITY OVER
THE RIGHTS OF A LIEN CREDITOR WITH RESPECT TO THE PROPERTY PREEMPT §
9-310(A);

(2) ANY CERTIFICATE-OF-TITLE STATUTE OF THIS STATE WHICH
PROVIDES FOR A SECURITY INTEREST TO BE INDICATED ON THE CERTIFICATE AS A
CONDITION OR RESULT OF PERFECTION; OR

(3) A CERTIFICATE-OF-TITLE STATUTE OF ANOTHER JURISDICTION
WHICH PROVIDES FOR A SECURITY INTEREST TO BE INDICATED ON THE
CERTIFICATE AS A CONDITION OR RESULT OF THE SECURITY INTEREST'S OBTAINING
PRIORITY OVER THE RIGHTS OF A LIEN CREDITOR WITH RESPECT TO THE PROPERTY.

(B) COMPLIANCE WITH THE REQUIREMENTS OF A STATUTE, REGULATION, OR
TREATY DESCRIBED IN SUBSECTION (A) FOR OBTAINING PRIORITY OVER THE RIGHTS
OF A LIEN CREDITOR IS EQUIVALENT TO THE FILING OF A FINANCING STATEMENT
UNDER THIS TITLE, PROVIDED THAT THE TIME FOR PERFECTION WILL BE
GOVERNED BY THAT STATUTE, REGULATION, OR TREATY. EXCEPT AS OTHERWISE
PROVIDED IN SUBSECTION (D) AND §§ 9-313 AND 9-316(D) AND (E) FOR GOODS
COVERED BY A CERTIFICATE OF TITLE, A SECURITY INTEREST IN PROPERTY
SUBJECT TO A STATUTE, REGULATION, OR TREATY DESCRIBED IN SUBSECTION (A)

 

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Session Laws, 1999
Volume 796, Page 2071   View pdf image
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