State Codes and Statutes

Statutes > Rhode-island > Title-6a > Chapter-6a-9 > 6a-9-311

SECTION 6A-9-311

   § 6A-9-311  Perfection of securityinterests in property subject to certain statutes, regulations, and treaties.– (a) Security interest subject to other law. Except as otherwise providedin subsection (d), the filing of a financing statement is not necessary oreffective to perfect a security interest in property subject to:

   (1) A statute, regulation, or treaty of the United Stateswhose requirements for a security interest's obtaining priority over the rightsof a lien creditor with respect to the property preempt § 6A-9-310(a);

   (2) A statute of this State, which provides for a securityinterest to be indicated on the certificate as a condition or result ofperfection, including chapter 3.1 of Title 31 and chapter 22.1 of Title 46; or

   (3) A certificate-of-title statute of another jurisdictionwhich provides for a security interest to be indicated on the certificate as acondition or result of the security interest's obtaining priority over therights of a lien creditor with respect to the property.

   (b) Compliance with other law. Compliance with therequirements of a statute, regulation, or treaty described in subsection (a)for obtaining priority over the rights of a lien creditor is equivalent to thefiling of a financing statement under this chapter. Except as otherwiseprovided in subsection (d) and § 6A-9-313 and § 6A-9-316(d) and (e)for goods covered by a certificate of title, a security interest in propertysubject to a statute, regulation, or treaty described in subsection (a) may beperfected only by compliance with those requirements, and a security interestso perfected remains perfected notwithstanding a change in the use or transferof possession of the collateral.

   (c) Duration and renewal of perfection. Except asotherwise provided in subsection (d) and § 6A-9-316(d) and (e), durationand renewal of perfection of a security interest perfected by compliance withthe requirements prescribed by a statute, regulation, or treaty described insubsection (a) are governed by the statute, regulation, or treaty. In otherrespects, the security interest is subject to this chapter.

   (d) Inapplicability to certain inventory. During anyperiod in which collateral subject to a statute specified in subsection (a)(2)is inventory held for sale or lease by a person or leased by that person aslessor and that person is in the business of selling or leasing goods of thatkind, this section does not apply to a security interest in that collateralcreated by that person.

State Codes and Statutes

Statutes > Rhode-island > Title-6a > Chapter-6a-9 > 6a-9-311

SECTION 6A-9-311

   § 6A-9-311  Perfection of securityinterests in property subject to certain statutes, regulations, and treaties.– (a) Security interest subject to other law. Except as otherwise providedin subsection (d), the filing of a financing statement is not necessary oreffective to perfect a security interest in property subject to:

   (1) A statute, regulation, or treaty of the United Stateswhose requirements for a security interest's obtaining priority over the rightsof a lien creditor with respect to the property preempt § 6A-9-310(a);

   (2) A statute of this State, which provides for a securityinterest to be indicated on the certificate as a condition or result ofperfection, including chapter 3.1 of Title 31 and chapter 22.1 of Title 46; or

   (3) A certificate-of-title statute of another jurisdictionwhich provides for a security interest to be indicated on the certificate as acondition or result of the security interest's obtaining priority over therights of a lien creditor with respect to the property.

   (b) Compliance with other law. Compliance with therequirements of a statute, regulation, or treaty described in subsection (a)for obtaining priority over the rights of a lien creditor is equivalent to thefiling of a financing statement under this chapter. Except as otherwiseprovided in subsection (d) and § 6A-9-313 and § 6A-9-316(d) and (e)for goods covered by a certificate of title, a security interest in propertysubject to a statute, regulation, or treaty described in subsection (a) may beperfected only by compliance with those requirements, and a security interestso perfected remains perfected notwithstanding a change in the use or transferof possession of the collateral.

   (c) Duration and renewal of perfection. Except asotherwise provided in subsection (d) and § 6A-9-316(d) and (e), durationand renewal of perfection of a security interest perfected by compliance withthe requirements prescribed by a statute, regulation, or treaty described insubsection (a) are governed by the statute, regulation, or treaty. In otherrespects, the security interest is subject to this chapter.

   (d) Inapplicability to certain inventory. During anyperiod in which collateral subject to a statute specified in subsection (a)(2)is inventory held for sale or lease by a person or leased by that person aslessor and that person is in the business of selling or leasing goods of thatkind, this section does not apply to a security interest in that collateralcreated by that person.


State Codes and Statutes

State Codes and Statutes

Statutes > Rhode-island > Title-6a > Chapter-6a-9 > 6a-9-311

SECTION 6A-9-311

   § 6A-9-311  Perfection of securityinterests in property subject to certain statutes, regulations, and treaties.– (a) Security interest subject to other law. Except as otherwise providedin subsection (d), the filing of a financing statement is not necessary oreffective to perfect a security interest in property subject to:

   (1) A statute, regulation, or treaty of the United Stateswhose requirements for a security interest's obtaining priority over the rightsof a lien creditor with respect to the property preempt § 6A-9-310(a);

   (2) A statute of this State, which provides for a securityinterest to be indicated on the certificate as a condition or result ofperfection, including chapter 3.1 of Title 31 and chapter 22.1 of Title 46; or

   (3) A certificate-of-title statute of another jurisdictionwhich provides for a security interest to be indicated on the certificate as acondition or result of the security interest's obtaining priority over therights of a lien creditor with respect to the property.

   (b) Compliance with other law. Compliance with therequirements of a statute, regulation, or treaty described in subsection (a)for obtaining priority over the rights of a lien creditor is equivalent to thefiling of a financing statement under this chapter. Except as otherwiseprovided in subsection (d) and § 6A-9-313 and § 6A-9-316(d) and (e)for goods covered by a certificate of title, a security interest in propertysubject to a statute, regulation, or treaty described in subsection (a) may beperfected only by compliance with those requirements, and a security interestso perfected remains perfected notwithstanding a change in the use or transferof possession of the collateral.

   (c) Duration and renewal of perfection. Except asotherwise provided in subsection (d) and § 6A-9-316(d) and (e), durationand renewal of perfection of a security interest perfected by compliance withthe requirements prescribed by a statute, regulation, or treaty described insubsection (a) are governed by the statute, regulation, or treaty. In otherrespects, the security interest is subject to this chapter.

   (d) Inapplicability to certain inventory. During anyperiod in which collateral subject to a statute specified in subsection (a)(2)is inventory held for sale or lease by a person or leased by that person aslessor and that person is in the business of selling or leasing goods of thatkind, this section does not apply to a security interest in that collateralcreated by that person.