§ 8.9a-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 § 8.9A-311 (b) with respect to consumer goods that are subject to a statute or treaty described in § 8.9A-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 §§ 8.2-401, 8.2-505, 8.2-711 (3), or § 8.2A-508 (5), until the debtor obtains possession of the collateral;

(7. a security interest of a collecting bank arising under § 8.4-210;

(8. a security interest of an issuer or nominated person arising under § 8.5A-118;

(9. a security interest arising in the delivery of a financial asset under § 8.9A-206 (c);

(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.

History

1964, c. 219, § 8.9-302; 1966, c. 569; 1973, c. 509; 1983, cc. 204, 367; 1984, c. 613; 1996, c. 216, §§ 8.9-115, 8.9-116; 2000, c. 1007.

Download

  • Plain Text
  • JSON
  • XML