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 provided
in Subsection 70A-9a-311(2) with respect to consumer goods that are subject to a statute or treaty
described in Subsection 70A-9a-311(1);
(2) an assignment of accounts or payment intangibles which does not by itself or in
conjunction with other assignments to the same assignee transfer a significant part of the
assignor'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 to
the provider of the health-care goods or services;
(6) a security interest arising under Section 70A-2-401 or 70A-2-505 or Subsection
70A-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 Subsection
70A-9a-206(3);
(10) a security interest in investment property created by a broker or securities
intermediary;
(11) a security interest in a commodity contract or a commodity account created by a
commodity intermediary;
(12) an assignment for the benefit of all creditors of the transferor and subsequent
transfers by the assignee thereunder; and
(13) a security interest created by an assignment of a beneficial interest in a decedent's
estate.
Enacted by Chapter 252, 2000 General Session
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Last revised: Thursday, May 28, 2009