Current through Public Act 171 of the 2024 Legislative Session
Section 440.9310 - When filing required to perfect security interest or agricultural lien; security interests and agricultural liens to which filing provisions do not apply(1) Except as otherwise provided in subsection (2) and section 9312(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 1 or more of the following: (a) A security interest that is perfected under section 9308(4), (5), (6), or (7).(b) A security interest that is perfected under section 9309 when it attaches.(c) A security interest in property subject to a statute, regulation, or treaty described in section 9311(1).(d) A security interest in goods in possession of a bailee that is perfected under section 9312(4)(a) or (b).(e) A security interest in certificated securities, documents, goods, or instruments that is perfected without filing, control, or possession under section 9312(5), (6), or (7).(f) A security interest in collateral in the secured party's possession under section 9313.(g) A security interest in a certificated security that is perfected by delivery of the security certificate to the secured party under section 9313.(h) A security interest in deposit accounts, electronic chattel paper, electronic documents, investment property, or letter-of-credit rights that is perfected by control under section 9314.(i) A security interest in proceeds that is perfected under section 9315.(j) A security interest that is perfected under section 9316.(3) 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.Amended by 2012, Act 87,s 7-9, eff. 7/1/2013.1962, Act 174, Eff. 1/1/1964 ;--Am. 2000, Act 348, Eff. 7/1/2001.