2022 Arizona Revised Statutes
Title 47 - Uniform Commercial Code
§ 47-9309 - Security interest perfected on attachment

Universal Citation:
AZ Rev Stat § 47-9309 (2022)
Learn more This media-neutral citation is based on the American Association of Law Libraries Universal Citation Guide and is not necessarily the official citation.

47-9309. Security interest perfected on 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 47-9311, subsection B with respect to consumer goods that are subject to a statute or treaty described in section 47-9311, subsection A;

2. An assignment of accounts or payment intangibles that 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 47-2401, section 47-2505, section 47-2711, subsection C or section 47-2A508, subsection E, until the debtor obtains possession of the collateral;

7. A security interest of a collecting bank arising under section 47-4210;

8. A security interest of an issuer or nominated person arising under section 47-5118;

9. A security interest arising in the delivery of a financial asset under section 47-9206, subsection 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.

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