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Searching 2021-2022 Session

The Vermont Statutes Online

 

Title 9A : Uniform Commercial Code

Article 009 : SECURED TRANSACTIONS

(Cite as: 9A V.S.A. § 9-309)
  • § 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 subsection 9- 311(b) of this title with respect to consumer goods that are subject to a statute or treaty described in subsection 9- 311(a) of this title;

    (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 section 2- 401, or 2- 505 of this title, or subsection 2- 711(3), or 2A- 508(5) of this title, until the debtor obtains possession of the collateral;

    (7) a security interest of a collecting bank arising under section 4- 210 of this title;

    (8) a security interest of an issuer or nominated person arising under section 5- 118 of this title;

    (9) a security interest arising in the delivery of a financial asset under subsection 9- 206(c) of this title;

    (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; and

    (13) a security interest created by an assignment of a beneficial interest in a decedent's estate. (Added 1999, No. 106 (Adj. Sess.), § 2, eff. July 1, 2001.)