Section 400.9-310

Title XXVI TRADE AND COMMERCE

Chapter 400

Effective - 01 Jul 2001, see footnote   

  400.9-310.  When filing required to perfect security interest or agricultural lien — security interests and agricultural liens to which filing provisions do not apply. — (a)  Except as otherwise provided in subsection (b) and section 400.9-312(b), a financing statement must be filed to perfect all security interests and agricultural liens.

  (b)  The filing of a financing statement is not necessary to perfect a security interest:

  (1)  That is perfected under section 400.9-308(c), (d), (e) or (f);

  (2)  That is perfected under section 400.9-309 when it attaches;

  (3)  In property subject to a statute, regulation, or treaty described in section 400.9-311(a);

  (4)  In goods in possession of a bailee which is perfected under section 400.9-312(d)(1) or (2);

  (5)  In certificated securities, documents, goods, or instruments which is perfected without filing or possession under section 400.9-312(e), (f), or (g);

  (6)  In collateral in the secured party's possession under section 400.9-313;

  (7)  In a certificated security which is perfected by delivery of the security certificate to the secured party under section 400.9-313;

  (8)  In deposit accounts, electronic chattel paper, investment property, or letter-of-credit rights which is perfected by control under section 400.9-314;

  (9)  In proceeds which is perfected under section 400.9-315; or

  (10)  That is perfected under section 400.9-316.

  (c)  If a secured party assigns a perfected security interest or agricultural lien, a filing under this article is not required to continue the perfected status of the security interest against creditors of and transferees from the original debtor.

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(L. 1963 p. 503 § 9-310, A.L. 2001 S.B. 288)

Effective 7-01-01