Title 11, Chapter 9, Section 308
( 11-9-308)
When security interest or agricultural lien is perfected; continuity of perfection. (a) Perfection of security interest. Except as otherwise provided in this Code section and Code Section 11-9-309, a security interest is perfected if it has attached and all of the applicable requirements for perfection in Code Sections 11-9-310 through 11-9-316 have been satisfied. A security interest is perfected when it attaches if the applicable requirements are satisfied before the security interest attaches. (b) Perfection of agricultural lien. An agricultural lien is perfected if it has become effective and all of the applicable requirements for perfection in Code Section 11-9-310 have been satisfied. An agricultural lien is perfected when it becomes effective if the applicable requirements are satisfied before the agricultural lien becomes effective. (c) Continuous perfection; perfection by different methods. A
security interest or agricultural lien is perfected continuously if
it is originally perfected by one method under this article and is
later perfected by another method under this article, without an
intermediate period when it was unperfected. (d) Supporting obligation. Perfection of a security interest in
collateral also perfects a security interest in a supporting
obligation for the collateral. (e) Lien securing right to payment. Perfection of a security
interest in a right to payment or performance also perfects a
security interest in a security interest, mortgage, or other lien on
personal or real property securing the right. (f) Security entitlement carried in securities account. Perfection
of a security interest in a securities account also perfects a
security interest in the security entitlements carried in the
securities account. (g) Commodity contract carried in commodity account. Perfection of
a security interest in a commodity account also perfects a security
interest in the commodity contracts carried in the commodity
account. |