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

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  • (1) Except as otherwise provided in Subsection (2) and Subsection 70A-9a-312(2), a financing 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 Subsection 70A-9a-311(1);
    • (d) in goods in possession of a bailee which is perfected under Subsection 70A-9a-312(4)(a) or (b);
    • (e) in certificated securities, documents, goods, or instruments which is perfected without filing, 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 to the secured party under Section 70A-9a-313;
    • (h) in deposit accounts, electronic chattel paper, electronic documents, investment property, 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 filing under this chapter is not required to continue the perfected status of the security interest against creditors of and transferees from the original debtor.




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