Montana § 30-9A-306B Law Governing Perfection And Priority Of Security Interests In Controllable Accounts, Controllable Electronic Records, And Controllable Payment Intangibles

Montana Statutes

§ 30-9A-306B — Law Governing Perfection And Priority Of Security Interests In Controllable Accounts, Controllable Electronic Records, And Controllable Payment Intangibles

Montana·Title 30 TRADE AND COMMERCE·Ch. 9A UNIFORM COMMERCIAL CODE SECURED TRANSACTIONS·Part 3 Perfection and Priority

30-9A-306B . Law governing perfection and priority of security interests in controllable accounts, controllable electronic records, and controllable payment intangibles.

(1)Except as provided in subsection (2), the local law of the controllable electronic record's jurisdiction specified in 30-12A-107 (3) and (4) governs perfection, the effect of perfection or nonperfection, and the priority of a security interest in a controllable electronic record and a security interest in a controllable account or controllable payment intangible evidenced by the controllable electronic record.

(2)The local law of the jurisdiction in which the debtor is located governs:

(a)perfection of a security interest in a controllable account, controllable electronic record, or controllable payment intangible by

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30-9A-306B . Law governing perfection and priority of security interests in controllable accounts, controllable electronic records, and controllable payment intangibles. (1) Except as provided in subsection (2), the local law of the controllable electronic record's jurisdiction specified in 30-12A-107 (3) and (4) governs perfection, the effect of perfection or nonperfection, and the priority of a security interest in a controllable electronic record and a security interest in a controllable account or controllable payment intangible evidenced by the controllable electronic record.
(2) The local law of the jurisdiction in which the debtor is located governs:
(a) perfection of a security interest in a controllable account, controllable electronic record, or controllable payment intangible by filing; and
(b) automatic perfection of a security interest in a controllable payment intangible created by a sale of the controllable payment intangible.

Montana § 30-9A-306B (Law Governing Perfection And Priority Of Security Interests In Controllable Accounts, Controllable Electronic Records, And Controllable Payment Intangibles) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.