US Lawyer Database

Section 9-311 – Perfection of Security Interests in Property Subject to Certain Statutes, Regulations, and Treaties

    (a)    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 of a lien creditor with respect to the […]

Section 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

    (a)    A security interest in chattel paper, negotiable documents, instruments, or investment property may be perfected by filing.     (b)    Except as otherwise provided in § 9-315(c) and (d) for proceeds:         (1)    A security interest in a deposit account may be perfected only by control under § 9-314;         (2)    Except as otherwise provided in § 9-308(d), a security interest in […]

Section 9-313 – When Possession by or Delivery to Secured Party Perfects Security Interest Without Filing

    (a)    Except as otherwise provided in subsection (b), 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 delivery of the certificated securities under § 8-301 of this […]

Section 9-314 – Perfection by Control

    (a)    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 § 7-106, § 9-104, § 9-105, § 9-106, or § 9-107.     (b)    A security interest in deposit accounts, electronic chattel paper, letter-of-credit rights, or electronic documents is perfected by control under […]

Section 9-315 – Secured Party’s Rights on Disposition of Collateral and in Proceeds

    (a)    Except as otherwise provided in this title and in § 2-403(2) of this article:         (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 agricultural lien; and         (2)    A security interest attaches to any identifiable […]

Section 9-210 – Request for Accounting; Request Regarding List of Collateral or Statement of Account

    (a)    In this section:         (1)    “Request” means a record of a type described in paragraph (2), (3), or (4).         (2)    “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 the transaction or relationship that is the subject of the […]

Section 9-316 – Continued Perfection of Security Interest Following Change in Governing Law

    (a)    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 change of the debtor’s location to another jurisdiction; or         (3)    The expiration of […]

Section 9-301 – Law Governing Perfection and Priority of Security Interests

    Except as otherwise provided in §§ 9-303 through 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:         (1)    Except as otherwise provided in this section, while a debtor is located in a jurisdiction, the local law of that jurisdiction governs perfection, […]

Section 9-317 – Interests That Take Priority Over or Take Free of Unperfected Security Interest or Agricultural Lien

    (a)    A security interest or agricultural lien is subordinate to the rights of:         (1)    A person entitled to priority under § 9–322; and         (2)    Except as provided in subsection (e), a person that becomes a lien creditor before the earlier of the time:             (A)    The security interest or agricultural lien is perfected; or             (B)    One of the conditions specified in […]