12A:9-310 - When filing required to perfect security interest or agricultural lien; security interests and agricultural liens to which filing provisions do not apply

12A:9-310  When filing required to perfect security interest or agricultural lien; security interests and agricultural liens to which filing provisions do not apply.

12A: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 12A: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 12A:9-308 (d), (e), (f) or (g);

(2)that is perfected under 12A:9-309 when it attaches;

(3)in property subject to a statute, regulation, or treaty described in of 12A:9-311 (a);

(4)in goods in possession of a bailee which is perfected under 12A:9-312 (d) (1) or (2);

(5)in certificated securities, documents, goods, or instruments which is perfected without filing or possession under 12A:9-312 (e), (f) or (g);

(6)in collateral in the secured party's possession under 12A:9-313;

(7)in a certificated security which is perfected by delivery of the security certificate to the secured party under 12A:9-313;

(8)in deposit accounts, electronic chattel paper, investment property, or letter-of-credit rights which is perfected by control under 12A:9-314;

(9)in proceeds which is perfected under 12A:9-315; or

(10)  that is perfected under 12A:9-316.

(c)Assignment of perfected security interest.  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.

L.2001, c.117, s.1; amended 2001, c.386, s.26.