554.9310  When filing required to perfect security interest or agricultural lien--security interests and agricultural liens to which filing provisions do not apply.

1.  General rule--perfection by filing.  Except as otherwise provided in subsection 2 and section 554.9312, subsection 2, a financing statement must be filed to perfect all security interests and agricultural liens.

2.  Exceptions--filing not necessary.  The filing of a financing statement is not necessary to perfect a security interest:

a.  that is perfected under section 554.9308, subsection 4, 5, 6, or 7;

b.  that is perfected under section 554.9309 when it attaches;

c.  in property subject to a statute, regulation, or treaty described in section 554.9311, subsection 1;

d.  in goods in possession of a bailee which is perfected under section 554.9312, subsection 4, paragraph "a" or "b";

e.  in certificated securities, documents, goods, or instruments which is perfected without filing or possession under section 554.9312, subsection 5, 6, or 7;

f.  in collateral in the secured party's possession under section 554.9313;

g.  in a certificated security which is perfected by delivery of the security certificate to the secured party under section 554.9313;

h.  in deposit accounts, electronic chattel paper, investment property, or letter-of-credit rights which is perfected by control under section 554.9314;

i.  in proceeds which is perfected under section 554.9315; or

j.  that is perfected under section 554.9316.

3.  Assignment of perfected security interest.  If a secured party assigns a perfected security interest or agricultural lien, a filing under this Article is not required to continue the perfected status of the security interest against creditors of and transferees from the original debtor.

Section History: Recent form

  2000 Acts, ch 1149, §30, 185, 187

Internal References

  Referred to in § 554.9102, 554.9308, 554.9311


  Effective July 1, 2001; 2000 Acts, ch 1149, §187; former section repealed effective July 1, 2001; 2000 Acts, ch 1149, §185, 187; for law prior to July 1, 2001, see Code 2001

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