§ 8.9A-308. When security interest or agricultural lien is perfected;continuity of perfection.
(a) Perfection of security interest. Except as otherwise provided in thissection and § 8.9A-309, a security interest is perfected if it has attachedand all of the applicable requirements for perfection in §§ 8.9A-310 through8.9A-316 have been satisfied. A security interest is perfected when itattaches if the applicable requirements are satisfied before the securityinterest attaches.
(b) Perfection of agricultural lien. An agricultural lien is perfected if ithas become effective and all of the applicable requirements for perfection in§ 8.9A-310 have been satisfied. An agricultural lien is perfected when itbecomes effective if the applicable requirements are satisfied before theagricultural lien becomes effective.
(c) Continuous perfection; perfection by different methods. A securityinterest or agricultural lien is perfected continuously if it is originallyperfected by one method under this title and is later perfected by anothermethod under this title, without an intermediate period when it wasunperfected.
(d) Supporting obligation. Perfection of a security interest in collateralalso perfects a security interest in a supporting obligation for thecollateral.
(e) Lien securing right to payment. Perfection of a security interest in aright to payment or performance also perfects a security interest in asecurity interest, mortgage, or other lien on personal or real propertysecuring the right.
(f) Security entitlement carried in securities account. Perfection of asecurity interest in a securities account also perfects a security interestin the security entitlements carried in the securities account.
(g) Commodity contract carried in commodity account. Perfection of a securityinterest in a commodity account also perfects a security interest in thecommodity contracts carried in the commodity account.
(1964, c. 219, § 8.9-302; 1973, c. 509; 1984, c. 613; 1996, c. 216, §8.9-115; 1997, c. 343; 2000, c. 1007.)
§ 8.9A-308. When security interest or agricultural lien is perfected;continuity of perfection.
(a) Perfection of security interest. Except as otherwise provided in thissection and § 8.9A-309, a security interest is perfected if it has attachedand all of the applicable requirements for perfection in §§ 8.9A-310 through8.9A-316 have been satisfied. A security interest is perfected when itattaches if the applicable requirements are satisfied before the securityinterest attaches.
(b) Perfection of agricultural lien. An agricultural lien is perfected if ithas become effective and all of the applicable requirements for perfection in§ 8.9A-310 have been satisfied. An agricultural lien is perfected when itbecomes effective if the applicable requirements are satisfied before theagricultural lien becomes effective.
(c) Continuous perfection; perfection by different methods. A securityinterest or agricultural lien is perfected continuously if it is originallyperfected by one method under this title and is later perfected by anothermethod under this title, without an intermediate period when it wasunperfected.
(d) Supporting obligation. Perfection of a security interest in collateralalso perfects a security interest in a supporting obligation for thecollateral.
(e) Lien securing right to payment. Perfection of a security interest in aright to payment or performance also perfects a security interest in asecurity interest, mortgage, or other lien on personal or real propertysecuring the right.
(f) Security entitlement carried in securities account. Perfection of asecurity interest in a securities account also perfects a security interestin the security entitlements carried in the securities account.
(g) Commodity contract carried in commodity account. Perfection of a securityinterest in a commodity account also perfects a security interest in thecommodity contracts carried in the commodity account.
(1964, c. 219, § 8.9-302; 1973, c. 509; 1984, c. 613; 1996, c. 216, §8.9-115; 1997, c. 343; 2000, c. 1007.)
§ 8.9A-308. When security interest or agricultural lien is perfected;continuity of perfection.
(a) Perfection of security interest. Except as otherwise provided in thissection and § 8.9A-309, a security interest is perfected if it has attachedand all of the applicable requirements for perfection in §§ 8.9A-310 through8.9A-316 have been satisfied. A security interest is perfected when itattaches if the applicable requirements are satisfied before the securityinterest attaches.
(b) Perfection of agricultural lien. An agricultural lien is perfected if ithas become effective and all of the applicable requirements for perfection in§ 8.9A-310 have been satisfied. An agricultural lien is perfected when itbecomes effective if the applicable requirements are satisfied before theagricultural lien becomes effective.
(c) Continuous perfection; perfection by different methods. A securityinterest or agricultural lien is perfected continuously if it is originallyperfected by one method under this title and is later perfected by anothermethod under this title, without an intermediate period when it wasunperfected.
(d) Supporting obligation. Perfection of a security interest in collateralalso perfects a security interest in a supporting obligation for thecollateral.
(e) Lien securing right to payment. Perfection of a security interest in aright to payment or performance also perfects a security interest in asecurity interest, mortgage, or other lien on personal or real propertysecuring the right.
(f) Security entitlement carried in securities account. Perfection of asecurity interest in a securities account also perfects a security interestin the security entitlements carried in the securities account.
(g) Commodity contract carried in commodity account. Perfection of a securityinterest in a commodity account also perfects a security interest in thecommodity contracts carried in the commodity account.
(1964, c. 219, § 8.9-302; 1973, c. 509; 1984, c. 613; 1996, c. 216, §8.9-115; 1997, c. 343; 2000, c. 1007.)
