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2012 Pennsylvania Consolidated Statutes
Title 13 - COMMERCIAL CODE
Chapter 93 - Perfection and Priority
Section 9308 - When security interest or agricultural lien is perfected; continuity of perfection


                               SUBCHAPTER B
                                PERFECTION

     Sec.
     9308.  When security interest or agricultural lien is perfected;
            continuity of perfection.
     9309.  Security interest perfected upon attachment.
     9310.  When filing required to perfect security interest or
            agricultural lien; security interests and agricultural
            liens to which filing provisions do not apply.
     9311.  Perfection of security interests in property subject to
            certain statutes, regulations and treaties.
     9312.  Perfection of security interests in chattel paper, deposit
            accounts, documents, goods covered by documents,
            instruments, investment property, letter-of-credit rights
            and money; perfection by permissive filing; temporary
            perfection without filing or transfer of possession.
     9313.  When possession by or delivery to secured party perfects
            security interest without filing.
     9314.  Perfection by control.
     9315.  Secured party's rights on disposition of collateral and
            in proceeds.
     9316.  Continued perfection of security interest following
            change in governing law.
     § 9308.  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 9309 (relating to security
     interest perfected upon attachment), a security interest is
     perfected if it has attached and all of the applicable
     requirements for perfection in sections 9310 (relating to when
     filing required to perfect security interest or agricultural
     lien; security interests and agricultural liens to which filing
     provisions do not apply) through 9316 (relating to continued
     perfection of security interest following change in governing
     law) 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 9310 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 division and is later perfected by another method under
     this division 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.

        Cross References.  Section 9308 is referred to in sections
     9109, 9306, 9310, 9312 of this title; sections 1134, 7712.12 of
     Title 75 (Vehicles).

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