57A-9-210. Response to request for accounting, statement of account, or list of collateral. (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 […]
57A-9-301. Law governing perfection, effect of perfection or nonperfection, and priority. Except as otherwise provided in §§57A-9-303 through 57A-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 […]
57A-9-302. Law governing perfection and priority issues relating to farm products. 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. Source: SL 2000, ch 231.
57A-9-303. Law governing perfection and priority issues relating to goods covered by a certificate of title. (a) This 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. (b) Goods […]
57A-9-304. Law governing perfection and priority issues relating to deposit accounts–Determination of bank’s jurisdiction. (a) 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. (b) The following rules determine a bank’s jurisdiction for purposes […]
57A-9-305. Law governing perfection and priority issues relating to investment property–Determination of commodity intermediary’s jurisdiction. (a) Except as otherwise provided in subsection (c), the following rules apply: (1)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 […]
57A-9-306. Law governing issues of perfection and priority relating to letter-of-credit rights. (a) Subject to subsection (c), the local law of the issuer’s jurisdiction or a nominated person’s jurisdiction governs perfection, the effect of perfection or nonperfection, and the priority of a security interest in a letter-of-credit right if the issuer’s jurisdiction or nominated person’s […]
57A-9-307. Location of debtor. (a) In this section, “place of business” means a place where a debtor conducts its affairs. (b) Except as otherwise provided in this section, the following rules determine a debtor’s location: (1)A debtor who is an individual is located at the individual’s principal residence. (2)A debtor that is an organization and […]
57A-9-308. What constitutes perfection of security interest or agricultural lien. (a) Except as otherwise provided in this section and §57A-9-309, a security interest is perfected if it has attached and all of the applicable requirements for perfection in §§57A-9-310 through 57A-9-316 have been satisfied. A security interest is perfected when it attaches if the applicable […]
57A-9-309. Security interests that are perfected when they attach. The following security interests are perfected when they attach: (1)A purchase-money security interest in consumer goods, except as otherwise provided in §57A-9-311(b) with respect to consumer goods that are subject to a statute or treaty described in §57A-9-311(a); (2)An assignment of accounts or payment intangibles which […]
57A-9-310. Requirement that financing statement be filed to perfect security interest or agricultural lien–Exceptions. (a) Except as otherwise provided in subsection (b) and §57A-9-312(b), a financing statement must be filed to perfect all security interests and agricultural liens. (b) The filing of a financing statement is not necessary to perfect a security interest: (1)That is […]
57A-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 […]
57A-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. (a) A security interest in chattel paper, negotiable documents, instruments, or investment property may be perfected by filing. (b) Except as otherwise provided in §57A-9-315(c) and (d) for proceeds: […]
57A-9-313. Perfection by taking possession of collateral or by delivery. (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 […]
57A-9-314. Perfection by control of collateral. (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 §57A-9-104, 57A-9-105, 57A-9-106, 57A-9-107, or 57A-7-106. (b) A security interest in deposit accounts, electronic chattel paper, letter-of-credit rights, or electronic documents is perfected […]
57A-9-315. Effect of disposition of collateral on security interest or agricultural lien–Interest in proceeds. (a) Except as otherwise provided in this chapter and in §57A-2-403(2): (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 […]
57A-9-316. Effect of change in governing law. (a) A security interest perfected pursuant to the law of the jurisdiction designated in §57A-9-301(1) or 57A-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 […]
57A-9-317. Interests that take priority over or take free of 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 §57A-9-322; and (2)Except as otherwise provided in subsection (e), a person that becomes a lien creditor before the earlier of the […]
57A-9-318. Effect of sale of collateral on rights of debtor. (a) 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. (b) For purposes of determining the rights of creditors of, and purchasers for value of an account or […]
57A-9-319. Rights of consignee in relation to creditors and purchasers. (a) Except as otherwise provided in subsection (b), for purposes of determining the rights of creditors of, and purchasers for value of goods from, a consignee, while the goods are in the possession of the consignee, the consignee is deemed to have rights and title […]
