Section 9-309 - Security interest perfected upon attachment. - Maryland Statutes

§ 9-309. Security interest perfected upon attachment.
 

The following security interests are perfected when they attach: 

(1) A purchase-money security interest in consumer goods, except as otherwise provided in § 9-311 (b) with respect to consumer goods that are subject to a statute or treaty described in § 9-311 (a); 

(2) An assignment of accounts or payment intangibles which does not by itself or in conjunction with other assignments to the same assignee transfer a significant part of the assignor's outstanding accounts or payment intangibles; 

(3) A sale of a payment intangible; 

(4) A sale of a promissory note; 

(5) A security interest created by the assignment of a health-care-insurance receivable to the provider of the health-care goods or services; 

(6) A security interest arising under § 2-401, § 2-505, § 2-711 (3), or § 2A-508 (5) of this article, until the debtor obtains possession of the collateral; 

(7) A security interest of a collecting bank arising under § 4-210 of this article; 

(8) A security interest of an issuer or nominated person arising under § 5-118 of this article; 

(9) A security interest arising in the delivery of a financial asset under § 9-206 (c); 

(10) A security interest in investment property created by a broker or securities intermediary; 

(11) A security interest in a commodity contract or a commodity account created by a commodity intermediary; 

(12) An assignment for the benefit of all creditors of the transferor and subsequent transfers by the assignee thereunder; 

(13) A security interest created by an assignment of a beneficial interest in a decedent's estate; and 

(14) A sale by an individual of an account that is a right to payment of winnings in a lottery or other game of chance. 
 

[1999, ch. 282, § 2; 2003, ch. 372.]