7-9A-109
Section 7-9A-109 Scope. (a) General scope of article. Except as otherwise provided in subsections
(c) and (d), this article applies to: (1) a transaction, regardless of its form, that creates
a security interest in personal property or fixtures by contract; (2) an agricultural lien;
(3) a sale of accounts, chattel paper, payment intangibles, or promissory notes; (4) a consignment;
(5) a security interest arising under Section 7-2-401, 7-2-505, 7-2-711(3), or 7-2A-508(5),
as provided in Section 7-9A-110; and (6) a security interest arising under Section 7-4-210
or 7-5-118. (b) Security interest in secured obligation. The application of this article to
a security interest in a secured obligation is not affected by the fact that the obligation
is itself secured by a transaction or interest to which this article does not apply. (c) Extent
to which article does not apply. This article does not apply to the extent that: (1) a statute,
regulation, or treaty of the United States preempts this...
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7-9A-501
Section 7-9A-501 Filing office. (a) Filing offices. Except as otherwise provided in subsection
(b), if the local law of this State governs perfection of a security interest or agricultural
lien, the office in which to file a financing statement to perfect the security interest or
agricultural lien is: (1) the office designated for the filing or recording of a record of
a mortgage on the related real property, if: (A) the collateral is as-extracted collateral
or timber to be cut; or (B) the financing statement is filed as a fixture filing and the collateral
is goods that are or are to become fixtures; or (2) the office of the Secretary of State,
in all other cases, including a case in which the collateral is goods that are or are to become
fixtures and the financing statement is not filed as a fixture filing. (b) Filing office for
transmitting utilities. The office in which to file a financing statement to perfect a security
interest in collateral, including fixtures, of a transmitting...
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7-9A-335
Section 7-9A-335 Accessions. (a) Creation of security interest in accession. A security interest
may be created in an accession and continues in collateral that becomes an accession. (b)
Perfection of security interest. If a security interest is perfected when the collateral becomes
an accession, the security interest remains perfected in the collateral. (c) Priority of security
interest. Except as otherwise provided in subsection (d), the other provisions of this part
determine the priority of a security interest in an accession. (d) Compliance with certificate-of-title
statute. A security interest in an accession is subordinate to a security interest in the
whole which is perfected by compliance with the requirements of a certificate-of-title statute
under Section 7-9A-311(b). (e) Removal of accession after default. After default, subject
to Part 6, a secured party may remove an accession from other goods if the security interest
in the accession has priority over the claims of every...
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32-8-64.1
Section 32-8-64.1 Satisfaction of security interest after 12 years. Except for liens and security
interests listed on certificates of title for manufactured homes, travel trailers, or vehicles
that weigh more than 12,000 pounds gross weight, which shall be satisfied only in conformity
with Section 32-8-64, any lien or security interest shall be considered satisfied and release
shall not be required after 12 years from the date of the security agreement as recorded on
the certificate of title. Nothing in this section shall preclude the perfection of a lien
or security agreement, or the perfection of an extension of a lien or security agreement beyond
a period of 12 years, by application for a new certificate of title on which the lien or security
agreement is listed. In order to provide for the continuous perfection of a lien or security
interest originally entered into for a period of more than 12 years for a vehicle other than
a manufactured home, travel trailer, or vehicle that...
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32-8-64.2
Section 32-8-64.2 Release of certain liens. (a) Except for liens and security interests listed
on certificates of title for travel trailers or vehicles that weigh more than 12,000 pounds
gross weight, which shall be satisfied only in conformity with Section 32-8-64, any lien or
security interest shall be considered satisfied and release shall not be required after four
years from the date of the security agreement as recorded on the certificate of title for
vehicles which are 12 or more model years old. Nothing in this section shall preclude the
perfection of a lien or security agreement, or the perfection of an extension of a lien or
security agreement beyond a period of four years, by application for a new certificate of
title on which the lien or security agreement is listed. In order to provide for the continuous
perfection of a lien or security interest originally entered into for a period of more than
four years for a vehicle other than a travel trailer or vehicle that weighs...
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8-15-33
Section 8-15-33 Lien of owner, etc., of self-service storage facility upon personal property
located at facility. Where a rental agreement, as defined in subdivision (7) of Section 8-15-31,
is entered into between the owner and the occupant, the owner of a self-service storage facility
and his heirs, executors, administrators, successors, and assigns shall have a lien upon all
personal property located at a self-service storage facility for rent, labor, or other charges,
present or future, in relation to the personal property and for expenses necessary for its
preservation or expenses reasonably incurred in its sale or other disposition pursuant to
this article. The lien attaches as of the date the personal property is brought to the self-service
storage facility and continues so long as the owner retains possession and until the default
is corrected, or a sale is conducted, or the property is otherwise disposed of to satisfy
the lien. The lien provided for in this section is superior...
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7-2A-103
Section 7-2A-103 Definitions and index of definitions. (1) In this article unless the context
otherwise requires: (a) "Buyer in ordinary course of business" means a person who
in good faith and without knowledge that the sale to him or her is in violation of the ownership
rights or security interest or leasehold interest of a third party in the goods, buys in ordinary
course from a person in the business of selling goods of that kind but does not include a
pawnbroker. "Buying" may be for cash or by exchange of other property or on secured
or unsecured credit and includes receiving goods or documents of title under a pre-existing
contract for sale but does not include a transfer in bulk or as security for or in total or
partial satisfaction of a money debt. (b) "Cancellation" occurs when either party
puts an end to the lease contract for default by the other party. (c) "Commercial unit"
means such a unit of goods as by commercial usage is a single whole for purposes of lease
and...
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7-9A-334
Section 7-9A-334 Priority of security interests in fixtures and crops. (a) Security interest
in fixtures under this article. A security interest under this article may be created in goods
that are fixtures or may continue in goods that become fixtures. A security interest does
not exist under this article in ordinary building materials incorporated into an improvement
on land. (b) Security interest in fixtures under real-property law. This article does not
prevent creation of an encumbrance upon fixtures under real property law. (c) General rule:
Subordination of security interest in fixtures. In cases not governed by subsections (d) through
(h), a security interest in fixtures is subordinate to a conflicting interest of an encumbrancer
or owner of the related real property other than the debtor. (d) Fixtures purchase-money priority.
Except as otherwise provided in subsection (h), a perfected security interest in fixtures
has priority over a conflicting interest of an encumbrancer or...
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7-9A-705
Section 7-9A-705 Effectiveness of action taken before January 1, 2002. (a) Pre-effective-date
action; one-year perfection period unless reperfected. If action, other than the filing of
a financing statement, is taken before January 1, 2002, and the action would have resulted
in priority of a security interest over the rights of a person that becomes a lien creditor
had the security interest become enforceable before January 1, 2002, the action is effective
to perfect a security interest that attaches under this article within one year after January
1, 2002. An attached security interest becomes unperfected one year after January 1, 2002,
unless the security interest becomes a perfected security interest under this article before
the expiration of that period. (b) Pre-effective-date filing. The filing of a financing statement
before January 1, 2002, is effective to perfect a security interest to the extent the filing
would satisfy the applicable requirements for perfection under this...
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8-9A-6
Section 8-9A-6 When transfer is made. For the purposes of this chapter: (1) A transfer is made:
a. With respect to an asset that is real property other than a fixture, but including the
interest of a seller or purchaser under a contract for the sale of the asset, when the transfer
is so far perfected that a good-faith purchaser of the asset from the debtor against whom
applicable law permits the transfer to be perfected cannot acquire an interest in the asset
that is superior to the interest of the transferee; and b. With respect to an asset that is
not real property or that is a fixture, when the transfer is so far perfected that a creditor
on a simple contract cannot acquire a judicial lien otherwise than under this chapter that
is superior to the interest of the transferee; (2) If applicable law permits the transfer
to be perfected as provided in subdivision (1) and the transfer is not so perfected before
the commencement of an action for relief under this chapter, the transfer is...
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