§ 11-9-310. When Filing Required to Perfect Security Interest or Agricultural Lien; Security Interests and Agricultural Liens to Which Filing Provisions Do Not Apply
General rule; perfection by filing. Except as otherwise provided in subsection (b) of this Code section and subsection (b) of Code Section 11-9-312, a financing statement must be filed to perfect all security interests and agricultural liens. Exceptions; filing not necessary. The filing of a financing statement is not necessary to perfect a […]
§ 11-9-325. Priority of Security Interests in Transferred Collateral
Subordination of security interest in transferred collateral. Except as otherwise provided in subsection (b) of this Code section, a security interest created by a debtor is subordinate to a security interest in the same collateral created by another person if: The debtor acquired the collateral subject to the security interest created by the other […]
§ 11-9-311. Perfection of Security Interests in Property Subject to Certain Statutes, Regulations, and Treaties
Security interest subject to other law. Except as otherwise provided in subsection (d) of this Code section, the filing of a financing statement is not necessary or effective to perfect a security interest in property subject to: A statute, regulation, or treaty of the United States whose requirements for a security interest’s obtaining priority […]
§ 11-9-312. 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
Perfection by filing permitted. A security interest in chattel paper, negotiable documents, instruments, or investment property may be perfected by filing. Control or possession of certain collateral. Except as otherwise provided in subsections (c) and (d) of Code Section 11-9-315 for proceeds: A security interest in a deposit account may be perfected only […]
§ 11-9-313. When Possession by or Delivery to Secured Party Perfects Security Interest Without Filing
Perfection by possession or delivery. Except as otherwise provided in subsection (b) of this Code section, 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 […]
§ 11-9-314. Perfection by Control
Perfection by control. A security interest in investment property, deposit accounts, letter of credit rights, electronic chattel paper, or electronic documents may be perfected by control of the collateral under Code Section 11-7-106, 11-9-104, 11-9-105, 11-9-106, or 11-9-107. Specified collateral; time of perfection by control; continuation of perfection. A security interest in deposit […]
§ 11-9-315. Secured Party’s Rights on Disposition of Collateral and in Proceeds
Disposition of collateral; continuation of security interest or agricultural lien; proceeds. Except as otherwise provided in this article and in subsection (2) of Code Section 11-2-403: 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 […]
§ 11-9-316. Effect of Change in Governing Law
General rule; effect on perfection of change in governing law. A security interest perfected pursuant to the law of the jurisdiction designated in paragraph (1) of Code Section 11-9-301 or subsection (c) of Code Section 11-9-305 remains perfected until the earliest of: The time perfection would have ceased under the law of that jurisdiction; […]
§ 11-9-317. Interests That Take Priority Over or Take Free of Security Interest or Agricultural Lien
Conflicting security interests and rights of lien creditors. A security interest or agricultural lien is subordinate to the rights of: A person entitled to priority under Code Section 11-9-322; and Except as otherwise provided in subsection (e) of this Code section, a person that becomes a lien creditor before the earlier of the time: […]
§ 11-9-318. No Interest Retained in Right to Payment That Is Sold; Rights and Title of Seller of Account or Chattel Paper With Respect to Creditors and Purchasers
Seller retains no interest. A debtor that has sold an account, chattel paper, payment intangible, or promissory note does not retain a legal or equitable interest in the collateral sold. Deemed rights of debtor if buyer’s security interest unperfected. For purposes of determining the rights of creditors of, and purchasers for value of […]