2016 Vermont Statutes
Title 9A - Uniform Commercial Code
Article 9 - Secured Transactions
§ 9-309 Security interest perfected upon attachment

§ 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 subsection 9-311(b) of this title with respect to consumer goods that are subject to a statute or treaty described in subsection 9-311(a) of this title;

(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 2-401, or 2-505 of this title, or subsection 2-711(3), or 2A-508(5) of this title, until the debtor obtains possession of the collateral;

(7) a security interest of a collecting bank arising under section 4-210 of this title;

(8) a security interest of an issuer or nominated person arising under section 5-118 of this title;

(9) a security interest arising in the delivery of a financial asset under subsection 9-206(c) of this title;

(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. (Added 1999, No. 106 (Adj. Sess.), § 2, eff. July 1, 2001.)