(1) Except as otherwise provided in Subsection (2) and Subsection 70A-9a-312(2), a financing statement must be filed to perfect all security interests and agricultural liens.
(2) The filing of a financing statement is not necessary to perfect a security interest: (a) that is perfected under Subsection 70A-9a-308(4), (5), (6), or (7); (b) that is perfected under Section 70A-9a-309 when it attaches; (c) in property subject to a statute, regulation, or treaty described in Subsection 70A-9a-311(1); (d) in goods in possession of a bailee which is perfected under Subsection 70A-9a-312(4)(a) or (b); (e) in certificated securities, documents, goods, or instruments which is perfected without filing, control, or possession under Subsection 70A-9a-312(5), (6), or (7); (f) in collateral in the secured party's possession under Section 70A-9a-313; (g) in a certificated security which is perfected by delivery of the security certificate to the secured party under Section 70A-9a-313; (h) in deposit accounts, electronic chattel paper, electronic documents, investment property, or letter-of-credit rights which is perfected by control under Section 70A-9a-314; (i) in proceeds which is perfected under Section 70A-9a-315; or (j) that is perfected under Section 70A-9a-316.
(a) that is perfected under Subsection 70A-9a-308(4), (5), (6), or (7);
(b) that is perfected under Section 70A-9a-309 when it attaches;
(c) in property subject to a statute, regulation, or treaty described in Subsection 70A-9a-311(1);
(d) in goods in possession of a bailee which is perfected under Subsection 70A-9a-312(4)(a) or (b);
(e) in certificated securities, documents, goods, or instruments which is perfected without filing, control, or possession under Subsection 70A-9a-312(5), (6), or (7);
(f) in collateral in the secured party's possession under Section 70A-9a-313;
(g) in a certificated security which is perfected by delivery of the security certificate to the secured party under Section 70A-9a-313;
(h) in deposit accounts, electronic chattel paper, electronic documents, investment property, or letter-of-credit rights which is perfected by control under Section 70A-9a-314;
(i) in proceeds which is perfected under Section 70A-9a-315; or
(j) that is perfected under Section 70A-9a-316.
(3) If a secured party assigns a perfected security interest or agricultural lien, a filing under this chapter is not required to continue the perfected status of the security interest against creditors of and transferees from the original debtor.
Copyright ©2024 LegalFix. All rights reserved. LegalFix is not a law firm, is not licensed to practice law, and does not provide legal advice, services, or representation. The information on this website is an overview of the legal plans you can purchase—or that may be provided by your employer as an employee benefit or by your credit union or other membership group as a membership benefit.
LegalFix provides its members with easy access to affordable legal services through a network of independent law firms. LegalFix, its corporate entity, and its officers, directors, employees, agents, and contractors do not provide legal advice, services, or representation—directly or indirectly.
The articles and information on the site are not legal advice and should not be relied upon—they are for information purposes only. You should become a LegalFix member to get legal services from one of our network law firms.
You should not disclose confidential or potentially incriminating information to LegalFix—you should only communicate such information to your network law firm.
The benefits and legal services described in the LegalFix legal plans are not always available in all states or with all plans. See the legal plan Benefit Overview and the more comprehensive legal plan contract during checkout for coverage details in your state.
Use of this website, the purchase of legal plans, and access to the LegalFix networks of law firms are subject to the LegalFix Terms of Service and Privacy Policy.