§ 28-9-309 — SECURITY INTEREST PERFECTED UPON ATTACHMENT

The following security interests are perfected when they attach:
(1) A purchase-money security interest in consumer goods, except as otherwise provided in section 28-9-311 (b) with respect to consumer goods that are subject to a statute or treaty described in section 28-9-311 (a);
(2) An assignment of accounts or payment intangibles which does not by itself or in conjunction with other assignments to the same assignee transfer a significant part of the assignor’s outstanding accounts or payment intangibles;
(3) A sale of a payment intangible;
(4) A sale of a promissory note;
(5) A security interest created by the assignment of a health care insurance receivable to the provider of the health care goods or services;
(6) A security interest arising under section 28-2-401, 28-2-505, 28-2-711 (3) or 28-12-508 (5), until the debtor obtains possession of the collateral;
(7) A security interest of a collecting bank arising under section 28-4-210;
(8) A security interest of an issuer or nominated person arising under section 28-5-120;
(9) A security interest arising in the delivery of a financial asset under section 28-9-206 (c);
(10) A security interest in investment property created by a broker or securities intermediary;
(11) A security interest in a commodity contract or a commodity account created by a commodity intermediary;
(12) An assignment for the benefit of all creditors of the transferor and subsequent transfers by the assignee thereunder;
(13) A security interest created by an assignment of a beneficial interest in a decedent’s estate; and
(14) A sale by an individual of an account that is a right to payment of winnings in a lottery or other game of chance.

Legislative History

[28-9-309, added 2001, ch. 208, sec. 2, p. 732; am. 2002, ch. 107, sec. 3, p. 301.]