2007 Minnesota Statutes

336.9-309 MS 1998 [Repealed, 2000 c 399 art 1 s 140]
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.
History: 2000 c 399 art 1 s 29