§490:9-501 - Filing office.

PART 5.  FILING

 

Subpart 1.  Filing Office; Contents and

Effectiveness of Financing Statement

 

     §490:9-501  Filing office.  (a)  Except as otherwise provided in subsection (b), if the local law of this State governs perfection of a security interest or agricultural lien, the office in which to file a financing statement to perfect the security interest or agricultural lien is:

     (1)  The office designated for the filing or recording of a record of a mortgage on the related real property, if:

         (A)  The collateral is as-extracted collateral or timber to be cut; or

         (B)  The financing statement is filed as a fixture filing and the collateral is goods that are or are to become fixtures; or

     (2)  The bureau of conveyances, in all other cases, including a case in which the collateral is goods that are or are to become fixtures and the financing statement is not filed as a fixture filing.

     (b)  The office in which to file a financing statement to perfect a security interest in collateral, including fixtures, of a transmitting utility is the bureau of conveyances.  The financing statement also constitutes a fixture filing as to the collateral indicated in the financing statement which is or is to become fixtures. [L 2000, c 241, pt of §1]