(a)General rule: perfection by filing. Except as otherwise provided in subsection (b) and § 47-9-312(b), a financing statement must be filed to perfect all security interests and agricultural liens.
lawyer at desk

Ask a business law question, get an answer ASAP!
Thousands of highly rated, verified business lawyers.
Click here to chat with a lawyer about your rights.

Terms Used In Tennessee Code 47-9-310

  • Lien: A claim against real or personal property in satisfaction of a debt.
  • Property: includes both personal and real property. See Tennessee Code 1-3-105
  • Statute: A law passed by a legislature.
(b)Exceptions: filing not necessary. The filing of a financing statement is not necessary to perfect a security interest:

(1) that is perfected under § 47-9-308(d), (e), (f), or (g);
(2) that is perfected under § 47-9-309 when it attaches;
(3) in property subject to a statute, regulation, or treaty described in § 47-9-311(a);
(4) in goods in possession of a bailee which is perfected under § 47-9-312(d)(1) or (2);
(5) in certificated securities, documents, goods, or instruments which is perfected without filing, control or possession under § 47-9-312(e), (f), or (g);
(6) in collateral in the secured party’s possession under § 47-9-313;
(7) in a certificated security which is perfected by delivery of the security certificate to the secured party under § 47-9-313;
(8) in deposit accounts, electronic chattel paper, electronic documents, investment property or letter-of-credit rights which is perfected by control under § 47-9-314;
(9) in proceeds which is perfected under § 47-9-315; or
(10) that is perfected under § 47-9-316.
(c) Assignment of perfected security interest. 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.
  Previous section
Next section  
 Perfection Contents