§ 11-9-408. Restrictions on Assignment of Promissory Notes, Health Care Insurance Receivables, and Certain General Intangibles Ineffective
Term restricting assignment generally ineffective. Except as otherwise provided in subsection (b) of this Code section or in Code Section 53-12-80, a term in a promissory note or in an agreement between an account debtor and a debtor which relates to a health care insurance receivable or a general intangible, including a contract, permit, […]
§ 11-9-409. Restrictions on Assignment of Letter of Credit Rights Ineffective
Term or law restricting assignment generally ineffective. A term in a letter of credit or a rule of law, statute, regulation, custom, or practice applicable to the letter of credit which prohibits, restricts, or requires the consent of an applicant, issuer, or nominated person to a beneficiary’s assignment of or creation of a security […]
§ 11-9-501. Filing Office
Filing offices. Except as otherwise provided in subsection (b) of this Code section, if the law of this state governs perfection of a security interest or agricultural lien, the office in which to file a financing statement to perfect the security interest or agricultural lien is: The office designated for the filing or recording […]
§ 11-9-502. Contents of Financing Statement; Record of Mortgage as Fixture Filing or Financing Statement; Time of Filing Financing Statement
Sufficiency of financing statement. Subject to subsection (b) of this Code section, a financing statement is sufficient only if it: Provides the name of the debtor; Provides the name of the secured party or a representative of the secured party; Indicates the collateral covered by the financing statement; and Where both (A) the collateral […]
§ 11-9-503. Name of Debtor and Secured Party
Sufficiency of debtor’s name. A financing statement sufficiently provides the name of the debtor: Except as otherwise provided in paragraph (3) of this subsection, if the debtor is a registered organization or the collateral is held in a trust that is a registered organization, only if the financing statement provides the name that is […]
§ 11-9-504. Indication of Collateral
A financing statement sufficiently indicates the collateral that it covers if the financing statement provides: A description of the collateral pursuant to Code Section 11-9-108; or An indication that the financing statement covers all assets or all personal property. History. Code 1981, § 11-9-504 , enacted by Ga. L. 2001, p. 362, § 1. Law […]
§ 11-9-505. Filing and Compliance With Other Statutes and Treaties for Consignments, Leases, Other Bailments, and Other Transactions
Use of terms other than “debtor” and “secured party.” A consignor, lessor, or other bailor of goods, a licensor, or a buyer of a payment intangible or promissory note may file a financing statement, or may comply with a statute or treaty described in subsection (a) of Code Section 11-9-311, using the terms “consignor,” […]
§ 11-9-506. Effect of Errors or Omissions
Minor errors and omissions. A financing statement substantially satisfying the requirements of this part is effective, even if it has minor errors or omissions, unless the errors or omissions make the financing statement seriously misleading. Financing statement seriously misleading. Except as otherwise provided in subsection (c) of this Code section, a financing statement […]
§ 11-9-507. Effect of Certain Events on Effectiveness of Financing Statement
Disposition. A filed financing statement remains effective with respect to collateral that is sold, exchanged, leased, licensed, or otherwise disposed of and in which a security interest or agricultural lien continues, even if the secured party knows of or consents to the disposition. Information becoming seriously misleading. Except as otherwise provided in subsection […]
§ 11-9-508. Effectiveness of Financing Statement if New Debtor Becomes Bound by Security Agreement
Financing statement naming original debtor. Except as otherwise provided in this Code section, a filed financing statement naming an original debtor is effective to perfect a security interest in collateral in which a new debtor has or acquires rights to the extent that the financing statement would have been effective had the original debtor […]