§ 11-9-110. Security Interests Arising Under Article 2 or 2a of This Title
A security interest arising under Code Section 11-2-401 or 11-2-505, subsection (3) of Code Section 11-2-711, or subsection (5) of Code Section 11-2A-508 is subject to this article. However, until the debtor obtains possession of the goods: The security interest is enforceable, even if paragraph (3) of subsection (b) of Code Section 11-9-203 has not […]
§ 11-9-207. Rights and Duties of Secured Party Having Possession or Control of Collateral
Duty of care when secured party in possession. Except as otherwise provided in subsection (d) of this Code section, a secured party shall use reasonable care in the custody and preservation of collateral in the secured party’s possession. In the case of chattel paper or an instrument, reasonable care includes taking necessary steps to […]
§ 11-9-208. Additional Duties of Secured Party Having Control of Collateral
Applicability of Code section. This Code section applies to cases in which there is no outstanding secured obligation and the secured party is not committed to make advances, incur obligations, or otherwise give value. Duties of secured party after receiving demand from debtor. Within ten days after receiving an authenticated demand by the […]
§ 11-9-209. Duties of Secured Party if Account Debtor Has Been Notified of Assignment
Applicability of Code section. Except as otherwise provided in subsection (c) of this Code section, this Code section applies if: There is no outstanding secured obligation; and The secured party is not committed to make advances, incur obligations, or otherwise give value. Duties of secured party after receiving demand from debtor. Within ten […]
§ 11-9-210. Request for Accounting; Request Regarding List of Collateral or Statement of Account
Definitions. As used in this Code section, the term: “Request” means a record of a type described in paragraph (2), (3), or (4) of this subsection. “Request for an accounting” means a record authenticated by a debtor requesting that the recipient provide an accounting of the unpaid obligations secured by collateral and reasonably identifying […]
§ 11-9-301. Law Governing Perfection and Priority of Security Interests
Except as otherwise provided in Code Sections 11-9-303 through 11-9-306, the following rules determine the law governing perfection, the effect of perfection or nonperfection, and the priority of a security interest in collateral: Except as otherwise provided in this Code section, while a debtor is located in a jurisdiction, the local law of that jurisdiction […]
§ 11-9-302. 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. History. Code 1981, § 11-9-302 , enacted by Ga. L. 2001, p. 362, § 1.
§ 11-9-303. Law Governing Perfection and Priority of Security Interests in Goods Covered by a Certificate of Title
Applicability of Code section. This Code section applies to goods covered by a certificate of title, even if there is no other relationship between the jurisdiction under whose certificate of title the goods are covered and the goods or the debtor. When goods covered by certificate of title. Goods become covered by a […]
§ 11-9-304. Law Governing Perfection and Priority of Security Interests in Deposit Accounts
Law of bank’s jurisdiction governs. The local law of a bank’s jurisdiction governs perfection, the effect of perfection or nonperfection, and the priority of a security interest in a deposit account maintained with that bank. Bank’s jurisdiction. The following rules determine a bank’s jurisdiction for purposes of this part: If an agreement between […]
§ 11-9-305. Law Governing Perfection and Priority of Security Interests in Investment Property
Governing law; general rules. Except as otherwise provided in subsection (c) of this Code section, the following rules apply: While a security certificate is located in a jurisdiction, the local law of that jurisdiction governs perfection, the effect of perfection or nonperfection, and the priority of a security interest in the certificated security represented […]