70A-9a-309 - Security interest perfected upon attachment.
70A-9a-309. Security interest perfected upon attachment.
The following security interests are perfected when they attach:
(1) a purchase-money security interest in consumer goods, except as otherwise providedin Subsection 70A-9a-311(2) with respect to consumer goods that are subject to a statute or treatydescribed in Subsection 70A-9a-311(1);
(2) an assignment of accounts or payment intangibles which does not by itself or inconjunction with other assignments to the same assignee transfer a significant part of theassignor's outstanding accounts or payment intangibles;
(3) a sale of a payment intangible;
(4) a sale of a promissory note;
(5) a security interest created by the assignment of a health-care-insurance receivable tothe provider of the health-care goods or services;
(6) a security interest arising under Section 70A-2-401 or 70A-2-505 or Subsection70A-2-711(3) or 70A-2a-508(5), until the debtor obtains possession of the collateral;
(7) a security interest of a collecting bank arising under Section 70A-4-210;
(8) a security interest of an issuer or nominated person arising under Section 70A-5-118;
(9) a security interest arising in the delivery of a financial asset under Subsection70A-9a-206(3);
(10) a security interest in investment property created by a broker or securitiesintermediary;
(11) a security interest in a commodity contract or a commodity account created by acommodity intermediary;
(12) an assignment for the benefit of all creditors of the transferor and subsequenttransfers by the assignee thereunder; and
(13) a security interest created by an assignment of a beneficial interest in a decedent'sestate.
Enacted by Chapter 252, 2000 General Session