Georgia § 11-9-301 Law governing perfection and priority of security interests

Georgia Statutes

§ 11-9-301 — Law governing perfection and priority of security interests

Georgia § 11-9-301

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This text of Georgia § 11-9-301 (Law governing perfection and priority of security interests) is published on Counsel Stack Legal Research, covering Georgia primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

O.C.G.A. § 11-9-301 (2026).

Text

Except as otherwise provided in Code Sections 11-9-303 through 11-9-306 B, 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 Code section, while a debtor 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 collateral;

(2)While collateral is located in a jurisdiction, the local law of that jurisdiction governs perfection, the effect of perfection or nonperfection, and the priority of a possessory security interest in that collateral;

(3)Except as otherwise provided in paragraph (4) of this Code section, while negotiable tangi

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Except as otherwise provided in Code Sections 11-9-303 through 11-9-306 B, 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 Code section, while a debtor 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 collateral; (2) While collateral is located in a jurisdiction, the local law of that jurisdiction governs perfection, the effect of perfection or nonperfection, and the priority of a possessory security interest in that collateral; (3) Except as otherwise provided in paragraph (4) of this Code section, while negotiable tangible documents, goods, instruments, or tangible money is located in a jurisdiction, the local law of that jurisdiction governs: (A) Perfection of a security interest in the goods by filing a fixture filing; (B) Perfection of a security interest in timber to be cut; (C) Perfection of a security interest in crops; and (D) The effect of perfection or nonperfection and the priority of a nonpossessory security interest in the collateral; and (4) The local law of the jurisdiction in which the wellhead or minehead is located governs perfection, the effect of perfection or nonperfection, and the priority of a security interest in as-extracted collateral.

Legislative History

Amended by 2024 Ga. Laws 600,§ 5-51, eff. 7/1/2024. Amended by 2010 Ga. Laws 470,§ 2-23, eff. 5/27/2010. Added by 2001 Ga. Laws 191, § 1, eff. 7/1/2001.