US Lawyer Database

§ 11-9-335. Accessions

Creation of security interest in accession.    A security interest may be created in an accession and continues in collateral that becomes an accession. Perfection of security interest.    If a security interest is perfected when the collateral becomes an accession, the security interest remains perfected in the collateral. Priority of security interest.    Except […]

§ 11-9-336. Commingled Goods

“Commingled goods.”   As used in this Code section, the term “commingled goods” means goods that are physically united with other goods in such a manner that their identity is lost in a product or mass. No security interest in commingled goods as such.    A security interest does not exist in commingled goods as […]

§ 11-9-338. Priority of Security Interest or Agricultural Lien Perfected by Filed Financing Statement Providing Certain Incorrect Information

If a security interest or agricultural lien is perfected by a filed financing statement providing information described in paragraph (5) of subsection (b) of Code Section 11-9-516 which is incorrect at the time the financing statement is filed: The security interest or agricultural lien is subordinate to a conflicting perfected security interest in the collateral […]

§ 11-9-339. Priority Subject to Subordination

This article does not preclude subordination by agreement by a person entitled to priority. History. Code 1981, § 11-9-339 , enacted by Ga. L. 2001, p. 362, § 1. Cross references. Subordination of obligations, § 11-1-310 .

§ 11-9-340. Effectiveness of Right of Recoupment or Set-Off Against Deposit Account

Exercise of recoupment or set-off.    Except as otherwise provided in subsection (c) of this Code section, a bank with which a deposit account is maintained may exercise any right of recoupment or set-off against a secured party that holds a security interest in the deposit account. Recoupment or set-off not affected by security interest.  […]

§ 11-9-341. Bank’s Rights and Duties With Respect to Deposit Account

Except as otherwise provided in subsection (c) of Code Section 11-9-340, and unless the bank otherwise agrees in an authenticated record, a bank’s rights and duties with respect to a deposit account maintained with the bank are not terminated, suspended, or modified by: The creation, attachment, or perfection of a security interest in the deposit […]

§ 11-9-326. Priority of Security Interests Created by New Debtor

Subordination of security interest created by new debtor.    Subject to subsection (b) of this Code section, a security interest that is created by a new debtor in collateral in which the new debtor has or acquires rights and is perfected solely by a filed financing statement that would be ineffective to perfect the security […]

§ 11-9-327. Priority of Security Interests in Deposit Account

The following rules govern priority among conflicting security interests in the same deposit account: A security interest held by a secured party having control of the deposit account under Code Section 11-9-104 has priority over a conflicting security interest held by a secured party that does not have control; Except as otherwise provided in paragraphs […]