§ 9-311 — Perfection of Security Interests in Property Subject to Certain Statutes, Regulations, and Treaties

Section 9--311. Perfection of Security Interests in Property Subject to\n Certain Statutes, Regulations, and Treaties.\n (a) Security interest subject to other law. Except as otherwise\nprovided in subsection (d), the filing of a financing statement is not\nnecessary or effective to perfect a security interest in property\nsubject to:\n (1) a statute, regulation, or treaty of the United States\n whose requirements for a security interest's obtaining\n priority over the rights of a lien creditor with respect\n to the property preempt Section 9--310(a);\n (2) a certificate-of-title statute of this state or\n regulations promulgated thereunder, to the extent such\n statute or regulations provide for a security interest to\n be indicated on the certificate as a condition or result\n of perfection; or\n (3) a statute of another jurisdiction which provides for a\n security interest to be indicated on a certificate of\n title as a condition or result of the security interest's\n obtaining priority over the rights of a lien creditor\n with respect to the property.\n (b) Compliance with other law. Compliance with the requirements of a\nstatute, regulation, or treaty described in subsection (a) for obtaining\npriority over the rights of a lien creditor is equivalent to the filing\nof a financing statement under this article. Except as otherwise\nprovided in subsection (d) and Sections 9--313 and 9--316(d) and (e) for\ngoods covered by a certificate of title, a security interest in property\nsubject to a statute, regulation, or treaty described in subsection (a)\nmay be perfected only by compliance with those requirements, and a\nsecurity interest so perfected remains perfected notwithstanding a\nchange in the use or transfer of possession of the collateral.\n (c) Duration and renewal of perfection. Except as otherwise provided\nin subsection (d) and Section 9--316(d) and (e), duration and renewal of\nperfection of a security interest perfected by compliance with the\nrequirements prescribed by a statute, regulation, or treaty described in\nsubsection (a) are governed by the statute, regulation, or treaty. In\nother respects, the security interest is subject to this article.\n (d) Inapplicability to certain inventory. During any period in which\ncollateral subject to a statute specified in subsection (a)(2) is\ninventory held for sale or lease by a person or leased by that person as\nlessor and that person is in the business of selling goods of that kind,\nthis section does not apply to a security interest in that collateral\ncreated by that person.\n