§ 9-313. When possession by or delivery to secured party perfects security interests without filing
(a) Perfection by possession or delivery. Except as otherwise provided in subsection (b), a secured party may perfect a security interest in 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 […]
§ 9-314. Perfection by control
(a) Perfection by control. A security interest in investment property, deposit accounts, letter-of-credit rights, or electronic chattel paper may be perfected by control of the collateral under § 9–104, 9–105; 9–106, or 9–107. (b) Specified collateral: time of perfection by control; continuation of perfection. A security interest in deposit accounts, electronic chattel paper, or letter-of-credit […]
§ 9-315. Secured party’s rights on disposition of collateral and in proceeds
(a) Disposition of collateral: continuation of security interest or agricultural lien; proceeds. Except as otherwise provided in this article and in § 2–403(2): (1) a security interest or agricultural lien continues in collateral notwithstanding sale, lease, license, exchange, or other disposition thereof unless the secured party authorized the disposition free of the security interest or […]
§ 9-316. Continued perfection of security interest following change in governing law
(a) General rule: effect on perfection of change in governing law. A security interest perfected pursuant to the law of the jurisdiction designated in § 9–301(1) or 9–305(c) remains perfected until the earliest of: (1) the time perfection would have ceased under the law of that jurisdiction; (2) the expiration of four months after a […]
§ 9-307. Location of debtor
(a) “Place of business.” In this section, “place of business” means a place where a debtor conducts its affairs. (b) Debtor’s location: general rules. Except as otherwise provided in this section, the following rules determine a debtor’s location: (1) A debtor who is an individual is located at the individual’s principal residence. (2) A debtor […]
§ 9-308. When security interest or agricultural lien is perfected; continuity of perfection
(a) Perfection of security interest. Except as otherwise provided in this section and § 9–309, a security interest is perfected if it has attached and all of the applicable requirements for perfection in Sections 9–310 through 9–316 have been satisfied. A security interest is perfected when it attaches if the applicable requirements are satisfied before […]
§ 9-309. Security interest perfected upon attachment
The following security interests are perfected when they attach: (1) a purchase-money security interest in consumer goods, except as otherwise provided in § 9–311(b) with respect to consumer goods that are subject to a statute or treaty described in § 9–311(a); (2) an assignment of accounts or payment intangibles which does not by itself or […]
§ 9-310. When filing required to perfect security interest or agricultural lien; security interests and agricultural liens to which filing provisions do not apply
(a) General rule: perfection by filing. Except as otherwise provided in subsection (b) and § 9–312(b), a financing statement must be filed to perfect all security interests and agricultural liens. (b) Exceptions: filing not necessary. The filing of a financing statement is not necessary to perfect a security interest: (1) that is perfected under § […]
§ 9-311. Perfection to security interests in property subject to certain statutes, regulations, and treaties
(a) Security interest subject to other law. 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 […]
§ 9-302. Law governing perfection and priority of agricultural liens
While farm products are located in a jurisdiction, the local law of that jurisdiction governs perfection, the effect of perfection or nonperfection, and the priority of an agricultural lien on the farm products.