2000 Minnesota Statutes

     336.9-309 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 section 336.9-311(b) with 
 respect to consumer goods that are subject to a statute or 
 treaty described in section 336.9-311(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 section 336.2-401, 
 336.2-505, 336.2-711(3), or 336.2A-508(5), until the debtor 
 obtains possession of the collateral; 

    (7) a security interest of a collecting bank arising under 
 section 336.4-210; 

    (8) a security interest of an issuer or nominated person 
 arising under section 336.5-118; 

    (9) a security interest arising in the delivery of a 
 financial asset under section 336.9-206(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; 
 and 

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

    HIST: 2000 c 399 art 1 s 29 

*   NOTE:  This section, as added by Laws 2000, chapter 399, 
*article 1, section 29, is effective July 1, 2001.  Laws 2000, 
*chapter 399, article 1, section 130. 

*   NOTE:  Minnesota Statutes 1998, section 336.9-309, which 
*reads as follows, is repealed July 1, 2001.  Laws 2000, chapter 
*399, article 1, section 130. 

*   "336.9-309 Protection of purchasers of instruments, 
*documents, and securities. 

*   Nothing in this article limits the rights of a holder in 
*due course of a negotiable instrument (section 336.3-302) or a 
*holder to whom a negotiable document of title has been duly 
*negotiated (section 336.7-501) or a protected purchaser of a 
*security (section 336.8-303) and the holders or purchasers take 
*priority over an earlier security interest even though 
*perfected.  Filing under this article does not constitute notice 
*of the security interest to the holders or purchasers."