1999 Minnesota Statutes

     336.9-303 When security interest is perfected; 
  continuity of perfection.  

    (1) A security interest is perfected when it has attached 
 and when all of the applicable steps required for perfection 
 have been taken.  Such steps are specified in sections 
 336.9-302, 336.9-304, 336.9-305, and 336.9-306.  If such steps 
 are taken before the security interest attaches, it is perfected 
 at the time when it attaches.  

    (2) If a security interest is originally perfected in any 
 way permitted under this article and is subsequently perfected 
 in some other way under this article, without an intermediate 
 period when it was unperfected, the security interest shall be 
 deemed to be perfected continuously for the purposes of this 
 article.  

    HIST: 1965 c 811 s 336.9-303