30-9A-309. Security interest perfected on attachment. The following security interests are perfected when they attach: (1) a purchase-money security interest in consumer goods, except as otherwise provided in 30-9A-311(2) with respect to consumer goods that are subject to a statute or treaty described in 30-9A-311(1); (2) an assignment of accounts or payment intangibles that 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 30-2-401, 30-2-505, 30-2-711(3), or 30-2A-508(5), until the debtor obtains possession of the collateral; (7) a security interest of a collecting bank arising under 30-4-208; (8) a security interest of an issuer or nominated person arising under 30-5-118; (9) a security interest arising in the purchase or delivery of a financial asset under 30-9A-206(3); (10) a security interest in investment st of an issuer or nominated person arising under 30-5-118; (9) a security interest arising in the purchase or delivery of a financial asset under 30-9A-206(3); (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. History: En. Sec. 28, Ch. 305, L. 1999; Sec. 30-9-329, MCA 1999; redes. 30-9A-309 by Code Commissioner, 2001.
Montana Legal Code