Cite as: 80 CNCA § 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) General rule: perfection by filing. Except as otherwise provided in subsection (b) and 80 CNCA § 9–312(b), a financing statement must be filed to perfect all security interests and agricultural liens.

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

(1) that is perfected under 80 CNCA § 9–308(d), (e), (f), or (g);

(2) that is perfected under 80 CNCA § 9–309 when it attaches;

(3) in property subject to a statute, regulation, or treaty described in 80 CNCA § 9–311(a);

(4) in goods in possession of a bailee which is perfected under 80 CNCA § 9–312(d)(1) or (2);

(5) in certificated securities, documents, goods, or instruments which is perfected without filing or possession under 80 CNCA § 9–312(e), (f), or (g);

(6) in collateral in the secured party's possession under 80 CNCA § 9–313;

(7) in a certificated security which is perfected by delivery of the security certificate to the secured party under 80 CNCA § 9–313;

(8) in deposit accounts, electronic chattel paper, investment property, or letter-of-credit rights which is perfected by control under 80 CNCA § 9–314;

(9) in proceeds which is perfected under 80 CNCA § 9–315; or

(10) that is perfected under 80 CNCA § 9–316.

(c) Assignment of perfected security interest. 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.

Historical Data

LA 26–03, eff. October 2, 2003.