2000 Minnesota Statutes

     336.9-310 When filing required to perfect security 
  interest or agricultural lien; security interests and 
  agricultural liens to which filing provisions do not apply. 

    (a)    General rule:  perfection by filing.  Except as 
 otherwise provided in subsection (b) and section 336.9-312(b), a 
 financing statement must be filed to perfect all security 
 interests and agricultural liens. 

    (b)    Exceptions:  filing not necessary.  The filing of 
 a financing statement is not necessary to perfect a security 
 interest: 

    (1) that is perfected under section 336.9-308(d), (e), (f), 
 or (g); 

    (2) that is perfected under section 336.9-309 when it 
 attaches; 

    (3) in property subject to a statute, regulation, or treaty 
 described in section 336.9-311(a); 

    (4) in goods in possession of a bailee which is perfected 
 under section 336.9-312(d)(1) or (2); 

    (5) in certificated securities, documents, goods, or 
 instruments which is perfected without filing or possession 
 under section 336.9-312(e), (f), or (g); 

    (6) in collateral in the secured party's possession under 
 section 336.9-313; 

    (7) in a certificated security which is perfected by 
 delivery of the security certificate to the secured party under 
 section 336.9-313; 

    (8) in deposit accounts, electronic chattel paper, 
 investment property, or letter of credit rights which is 
 perfected by control under section 336.9-314; 

    (9) in proceeds which is perfected under section 336.9-315; 
 or 

    (10) that is perfected under section 336.9-316. 

    (c)    Assignment of perfected security interest.  If a 
 secured party assigns a perfected security interest or 
 agricultural lien, a filing under this article is not required 
 to continue the perfected status of the security interest 
 against creditors of and transferees from the original debtor. 

    HIST: 2000 c 399 art 1 s 30 

*   NOTE:  This section, as added by Laws 2000, chapter 399, 
*article 1, section 30, is effective July 1, 2001.  Laws 2000, 
*chapter 399, article 1, section 130. 

*   NOTE:  Minnesota Statutes 1998, section 336.9-310, which 
*reads as follows, is repealed July 1, 2001.  Laws 2000, chapter 
*399, article 1, section 130. 

*   "336.9-310 Priority of certain liens arising by 
*operation of law.  

*   When a person in the ordinary course of business furnishes 
*services or materials with respect to goods subject to a 
*security interest, a lien upon goods in the possession of such 
*person given by statute or rule of law for such materials or 
*services takes priority over a perfected security interest 
*unless the lien is statutory and the statute expressly provides 
*otherwise."