70A-9a-310 - When filing required to perfect security interest or agricultural lien -- Security interests and agricultural liens to which filing provisions do not apply.
70A-9a-310. When filing required to perfect security interest or agricultural lien --Security interests and agricultural liens to which filing provisions do not apply.
(1) Except as otherwise provided in Subsection (2) and Subsection 70A-9a-312(2), afinancing statement must be filed to perfect all security interests and agricultural liens.
(2) The filing of a financing statement is not necessary to perfect a security interest:
(a) that is perfected under Subsection 70A-9a-308(4), (5), (6), or (7);
(b) that is perfected under Section 70A-9a-309 when it attaches;
(c) in property subject to a statute, regulation, or treaty described in Subsection70A-9a-311(1);
(d) in goods in possession of a bailee which is perfected under Subsection70A-9a-312(4)(a) or (b);
(e) in certificated securities, documents, goods, or instruments which is perfected withoutfiling, control, or possession under Subsection 70A-9a-312(5), (6), or (7);
(f) in collateral in the secured party's possession under Section 70A-9a-313;
(g) in a certificated security which is perfected by delivery of the security certificate tothe secured party under Section 70A-9a-313;
(h) in deposit accounts, electronic chattel paper, electronic documents, investmentproperty, or letter-of-credit rights which is perfected by control under Section 70A-9a-314;
(i) in proceeds which is perfected under Section 70A-9a-315; or
(j) that is perfected under Section 70A-9a-316.
(3) If a secured party assigns a perfected security interest or agricultural lien, a filingunder this chapter is not required to continue the perfected status of the security interest againstcreditors of and transferees from the original debtor.
Amended by Chapter 42, 2006 General Session