Arizona Laws 47-9310. When filing required to perfect security interest or agricultural lien; security interests and agricultural liens to which filing provisions do not apply
A. Except as otherwise provided in subsection B of this section and section 47-9312, subsection B, a financing statement must be filed to perfect all security interests and agricultural liens.
Terms Used In Arizona Laws 47-9310
- Chattel paper: means a record or records that evidence both a monetary obligation and a security interest in specific goods, a security interest in specific goods and software used in the goods, a security interest in specific goods and license of software used in the goods, a lease of specific goods or a lease of specific goods and license of software used in the goods. See Arizona Laws 47-9102
- Collateral: means the property subject to a security interest or agricultural lien. See Arizona Laws 47-9102
- Debtor: means :
(a) A person having an interest, other than a security interest or other lien, in the collateral, whether or not the person is an obligor;
(b) A seller of accounts, chattel paper, payment intangibles or promissory notes; or
(c) A consignee. See Arizona Laws 47-9102
- Financing statement: means a record or records composed of an initial financing statement and any filed record relating to the initial financing statement. See Arizona Laws 47-9102
- Goods: means all things that are movable when a security interest attaches. See Arizona Laws 47-9102
- Investment property: means a security, whether certificated or uncertificated, security entitlement, securities account, commodity contract or commodity account. See Arizona Laws 47-9102
- Lien: A claim against real or personal property in satisfaction of a debt.
- Property: includes both real and personal property. See Arizona Laws 1-215
- Secured party: means :
(a) A person in whose favor a security interest is created or provided for under a security agreement, whether or not any obligation to be secured is outstanding;
(b) A person that holds an agricultural lien;
(c) A consignor;
(d) A person to which accounts, chattel paper, payment intangibles or promissory notes have been sold;
(e) A trustee, indenture trustee, agent, collateral agent or other representative in whose favor a security interest or agricultural lien is created or provided for; or
(f) A person that holds a security interest arising under section 47-2401, 47-2505, 47-2711, 47-2A508, 47-4210 or 47-5118. See Arizona Laws 47-9102
- Statute: A law passed by a legislature.
B. The filing of a financing statement is not necessary to perfect a security interest:
1. That is perfected under section 47-9308, subsection D, E, F or G;
2. That is perfected under section 47-9309 when it attaches;
3. In property subject to a statute, regulation or treaty described in section 47-9311, subsection A;
4. In goods in possession of a bailee that is perfected under section 47-9312, subsection D, paragraph 1 or 2;
5. In certificated securities, documents, goods or instruments that is perfected without filing, control or possession under section 47-9312, subsection E, F or G;
6. In collateral in the secured party‘s possession under section 47-9313;
7. In a certificated security that is perfected by delivery of the security certificate to the secured party under section 47-9313;
8. In deposit accounts, electronic chattel paper, electronic documents, investment property or letter-of-credit rights that is perfected by control under section 47-9314;
9. In proceeds that is perfected under section 47-9315; or
10. That is perfected under section 47-9316.
C. If a secured party assigns a perfected security interest or agricultural lien, a filing under this chapter is not required to continue the perfected status of the security interest against creditors of and transferees from the original debtor.