MAY BE PERFECTED ONLY BY COMPLIANCE WITH THOSE REQUIREMENTS, AND A
SECURITY INTEREST SO PERFECTED REMAINS PERFECTED NOTWITHSTANDING A
CHANGE IN THE USE OR TRANSFER OF POSSESSION OF THE COLLATERAL.

(C) EXCEPT AS OTHERWISE PROVIDED IN SUBSECTION (D) AND § 9-316(D) AND
(E), DURATION AND RENEWAL OF PERFECTION OF A SECURITY INTEREST
PERFECTED BY COMPLIANCE WITH THE REQUIREMENTS PRESCRIBED BY A STATUTE,
REGULATION, OR TREATY DESCRIBED IN SUBSECTION (A) ARE GOVERNED BY THE
STATUTE, REGULATION, OR TREATY. IN OTHER RESPECTS, THE SECURITY INTEREST
IS SUBJECT TO THIS ARTICLE.

(D) DURING ANY PERIOD IN WHICH COLLATERAL IS INVENTORY HELD FOR
SALE OR LEASE BY A PERSON OR LEASED BY THAT PERSON AS LESSOR AND THAT
PERSON IS IN THE BUSINESS OF SELLING OR LEASING GOODS OF THAT KIND, THIS
SECTION DOES NOT APPLY TO A SECURITY INTEREST IN THAT COLLATERAL
CREATED BY THAT PERSON AS DEBTOR

9-312. PERFECTION OF SECURITY INTERESTS IN CHATTEL PAPER, DEPOSIT
ACCOUNTS, DOCUMENTS, GOODS COVERED BY DOCUMENTS, INSTRUMENTS,
INVESTMENT PROPERTY, LETTER-OF-CREDIT RIGHTS, AND MONEY; PERFECTION BY
PERMISSIVE FILING; TEMPORARY PERFECTION WITHOUT FILING OR TRANSFER OF
POSSESSION.

(A) A SECURITY INTEREST IN CHATTEL PAPER, NEGOTIABLE DOCUMENTS,
INSTRUMENTS, OR INVESTMENT PROPERTY MAY BE PERFECTED BY FILING.

(B) EXCEPT AS OTHERWISE PROVIDED IN § 9-315(C) AND (D) FOR PROCEEDS:

(1) A SECURITY INTEREST IN A DEPOSIT ACCOUNT MAY BE PERFECTED
ONLY BY CONTROL UNDER § 9-314;

(2) EXCEPT AS OTHERWISE PROVIDED IN § 9-308(D), A SECURITY
INTEREST IN A LETTER-OF-CREDIT RIGHT MAY BE PERFECTED. ONLY BY CONTROL
UNDER § 9-314; AND

(3) A SECURITY INTEREST IN MONEY MAY BE PERFECTED ONLY BY THE
SECURED PARTY'S TAKING POSSESSION UNDER § 9-313:

(C) WHILE GOODS ARE IN THE POSSESSION OF A BAILEE THAT HAS ISSUED A
NEGOTIABLE DOCUMENT COVERING THE GOODS:

(1) A SECURITY INTEREST IN THE GOODS MAY BE PERFECTED BY
PERFECTING A SECURITY INTEREST IN THE DOCUMENT; AND

(2) A SECURITY INTEREST PERFECTED IN THE DOCUMENT HAS
PRIORITY OVER ANY SECURITY INTEREST THAT BECOMES PERFECTED IN THE
GOODS BY ANOTHER METHOD DURING THAT TIME.

(D) WHILE GOODS ARE IN THE POSSESSION OF A BAILEE THAT HAS ISSUED A
NONNEGOTIABLE DOCUMENT COVERING THE GOODS, A SECURITY INTEREST IN THE
GOODS MAY BE PERFECTED BY:

(1) ISSUANCE OF A DOCUMENT IN THE NAME OF THE SECURED PARTY;