2010 Georgia Code
TITLE 11 - COMMERCIAL CODE
ARTICLE 9 - SECURED TRANSACTIONS
PART 3 - PERFECTION AND PRIORITY
PART 2 - PERFECTION
§ 11-9-310 - When filing required to perfect security interest or agricultural lien; security interests and agricultural liens to which filing provisions do not apply
. When filing required to perfect security interest or agricultural lien; security interests and agricultural liens to which filing provisions do not apply.
(a) General rule; perfection by filing. Except as otherwise provided in subsection (b) of this Code section and subsection (b) of Code Section 11-9-312
, a financing statement must be filed to perfect all security interests and agricultural liens.
(b) Exceptions; filing not necessary. The filing of a financing statement is not necessary to perfect a security interest:
(1) That is perfected under subsection (d), (e), (f), or (g) of Code Section 11-9-308
(2) That is perfected under Code Section 11-9-309
when it attaches;
(3) In property subject to a statute, regulation, or treaty described in subsection (a) of Code Section 11-9-311
(4) In goods in possession of a bailee which is perfected under paragraph (1) or (2) of subsection (d) of Code Section 11-9-312
(5) In certificated securities, documents, goods, or instruments which is perfected without filing, control, or possession under subsection (e), (f), or (g) of Code Section 11-9-312
(6) In collateral in the secured party's possession under Code Section 11-9-313
(7) In a certificated security which is perfected by delivery of the security certificate to the secured party under Code Section 11-9-313
(8) In deposit accounts, electronic chattel paper, electronic documents, investment property, or letter of credit rights which is perfected by control under Code Section 11-9-314
(9) In proceeds which is perfected under Code Section 11-9-315
(10) That is perfected under Code Section 11-9-316
(c) 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.
Graham Syfert - Jacksonville Lawyer