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336.9-308 MS 1998 [Repealed, 2000 c 399 art 1 s 140]
336.9-308 WHEN SECURITY INTEREST OR AGRICULTURAL LIEN IS PERFECTED;
CONTINUITY OF PERFECTION.
(a) Perfection of security interest. Except as otherwise provided in this section and section
336.9-309, a security interest is perfected if it has attached and all of the applicable requirements
for perfection in sections 336.9-310 through 336.9-316 have been satisfied. A security interest
is perfected when it attaches if the applicable requirements are satisfied before the security
interest attaches.
(b) Perfection of agricultural lien. An agricultural lien is perfected if it has become
effective and all of the applicable requirements for perfection in section 336.9-310 have been
satisfied. An agricultural lien is perfected when it becomes effective if the applicable requirements
are satisfied before the agricultural lien becomes effective.
(c) Continuous perfection; perfection by different methods. A security interest or
agricultural lien is perfected continuously if it is originally perfected by one method under this
article and is later perfected by another method under this article, without an intermediate period
when it was unperfected.
(d) Supporting obligation. Perfection of a security interest in collateral also perfects a
security interest in a supporting obligation for the collateral.
(e) Lien securing right to payment. Perfection of a security interest in a right to payment
or performance also perfects a security interest in a security interest, mortgage, or other lien on
personal or real property securing the right.
(f) Security entitlement carried in securities account. Perfection of a security interest
in a securities account also perfects a security interest in the security entitlements carried in
the securities account.
(g) Commodity contract carried in commodity account. Perfection of a security interest
in a commodity account also perfects a security interest in the commodity contracts carried
in the commodity account.
History: 2000 c 399 art 1 s 28

Official Publication of the State of Minnesota
Revisor of Statutes