Section 440.9312 – 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.
440.9312 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. Sec. 9312. (1) A security interest in chattel paper, negotiable documents, instruments, or investment property may be perfected by filing. (2) […]
Section 440.9313 – Possession by or Delivery to Secured Party Perfecting Security Interest Without Filing.
440.9313 Possession by or delivery to secured party perfecting security interest without filing. Sec. 9313. (1) Except as otherwise provided in subsection (2), 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 […]
Section 440.9314 – Perfection by Control.
440.9314 Perfection by control. Sec. 9314. (1) 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 section 7106, 9104, 9105, 9106, or 9107. (2) A security interest in deposit accounts, electronic chattel paper, letter-of-credit rights, or electronic documents is […]
Section 440.9315 – Secured Party’s Rights on Disposition of Collateral and in Proceeds.
440.9315 Secured party’s rights on disposition of collateral and in proceeds. Sec. 9315. (1) Except as otherwise provided in this article and in section 2403(2), both of the following apply: (a) A security interest or agricultural lien continues in collateral notwithstanding sale, lease, license, exchange, or other disposition thereof unless the secured party authorized the […]
Section 440.9316 – Continued Perfection of Security Interest Following Change in Governing Law.
440.9316 Continued perfection of security interest following change in governing law. Sec. 9316. (1) A security interest perfected pursuant to the law of the jurisdiction designated in section 9301(a) or 9305(3) remains perfected until the earliest of the following: (a) The time perfection would have ceased under the law of that jurisdiction. (b) The expiration […]
Section 440.9309 – Security Interest Perfected Upon Attachment.
440.9309 Security interest perfected upon attachment. Sec. 9309. Each of the following security interests is perfected when it attaches: (a) A purchase-money security interest in consumer goods, except as otherwise provided in section 9311(2) with respect to consumer goods that are subject to a statute or treaty described in section 9311(1). (b) An assignment of […]
Section 440.9310 – When Filing Required to Perfect Security Interest or Agricultural Lien; Security Interests and Agricultural Liens to Which Filing Provisions Do Not Apply.
440.9310 When filing required to perfect security interest or agricultural lien; security interests and agricultural liens to which filing provisions do not apply. Sec. 9310. (1) Except as otherwise provided in subsection (2) and section 9312(2), a financing statement must be filed to perfect all security interests and agricultural liens. (2) The filing of a […]
Section 440.9311 – Perfection of Security Interests in Property Subject to Certain Statutes, Regulations, and Treaties.
440.9311 Perfection of security interests in property subject to certain statutes, regulations, and treaties. Sec. 9311. (1) Except as otherwise provided in subsection (4), the filing of a financing statement is not necessary or effective to perfect a security interest in property subject to 1 or more of the following: (a) A statute, regulation, or […]
Section 440.9308 – When Security Interest or Agricultural Lien Is Perfected; Continuity of Perfection.
440.9308 When security interest or agricultural lien is perfected; continuity of perfection. Sec. 9308. (1) Except as otherwise provided in this section and section 9309, a security interest is perfected if it has attached and all of the applicable requirements for perfection in sections 9310 through 9316 have been satisfied. A security interest is perfected […]