§ 47-9-309 — 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 § 47-9-311(b) with respect to consumer goods that are subject to a statute or treaty described in § 47-9-311(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 § 47-2-401 , § 47-2-505 , § 47-2-711(3) , or § 47-2A-508(5) , until the debtor obtains possession of the collateral; (7) a security interest of a collecting bank arising under § 47-4-210 ; (8) a security interest of an issuer or nominated person arising under § 47-5-118 ; (9) a security interest arising in the delivery of a financial asset under § 47-9-206(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; and (13) a security interest created by an assignment of a beneficial interest in a decedent's estate.

Legislative History

Acts 2000, ch. 846, § 1.