ROBERT L. EHRLICH, JR., Governor                           H.B. 140

(4) The local law of the jurisdiction in which the wellhead or minehead is
located governs perfection, the effect of perfection or nonperfection, and the priority of
a security interest in as-extracted collateral.

9-310.

(b) The filing of a financing statement is not necessary to perfect a security
interest:

(1)     That is perfected under § 9-308(d), (e), (f), or (g);

(2)     That is perfected under § 9-309 when it attaches;

(3)     In property subject to a statute, regulation, or treaty described in §
9-311(a);

(4)     In goods in possession of a bailee which is perfected under §
9-312(d)(1) or (2);

(5)     In certificated securities, documents, goods, or instruments which is
perfected without filing, CONTROL, 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, ELECTRONIC
DOCUMENTS, 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.

9-312.

(e) A security interest in certificated securities, negotiable documents, or
instruments is perfected without filing or the taking of possession OR CONTROL for a
period of 20 days from the time it attaches to the extent that it arises for new value
given under an authenticated security agreement.

9-313.

(a) Except as otherwise provided in subsection (b), a secured party may perfect
a security interest in TANGIBLE negotiable documents, goods, instruments, money, or
tangible chattel paper by taking possession of the collateral. A secured party may
perfect a security interest in certificated securities by taking delivery of the
certificated securities under § 8-301 of this article.

9-314.

(a) A security interest in investment property, deposit accounts,
letter-of-credit rights, [or] electronic chattel paper, OR ELECTRONIC DOCUMENTS

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