Section 9--309. Security Interest Perfected upon Attachment  


Latest version.
  • The following security interests are perfected when they attach:
        (1) a  purchase-money  security  interest in consumer goods, except as
      otherwise provided in Section 9--311(b) with respect to  consumer  goods
      that are subject to a statute or treaty described in Section 9--311(a);
        (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  2--401,  2--505,
      2--711(3), or 2-A-508(5), until the debtor  obtains  possession  of  the
      collateral;
        (7) a  security  interest  of  a collecting bank arising under Section   4--210;
        (8) a security interest of an issuer or nominated person arising under