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Tenn. Code Ann. § 47-9-310

When filing required to perfect security interest or agricultural lien — Security interests and agricultural liens to which filing provisions do not apply

Known as the Uniform Commercial Code

The act spans §§ 47–47 (578 sections).

Applied in 2 court decisions — leading case Jahn v. Cohutta Banking Co. (In Re U.S. Insurance Group, LLC) (2010)

Most recently applied in Parks v. Mid-Atlantic Finance Co., Inc. (January 2011)

Acts 2000, ch. 846, § 1; 2008, ch. 814, §§ 30, 31.

(1) 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.

(2) Exceptions: filing not necessary. The filing of a financing statement is not necessary to perfect a security interest: that is perfected under § 47-9-308(d), (e), (f), or (g);

(3) that is perfected under § 47-9-309 when it attaches;

(4) in property subject to a statute, regulation, or treaty described in § 47-9-311(a);

(5) in goods in possession of a bailee which is perfected under § 47-9-312(d)(1) or (2);

(6) in certificated securities, documents, goods, or instruments which is perfected without filing, control or possession under § 47-9-312(e), (f), or (g);

(7) in collateral in the secured party's possession under § 47-9-313;

(8) in a certificated security which is perfected by delivery of the security certificate to the secured party under § 47-9-313;

(9) in deposit accounts, electronic chattel paper, electronic documents, investment property or letter-of-credit rights which is perfected by control under § 47-9-314;

(10) in proceeds which is perfected under § 47-9-315; or

(11) that is perfected under § 47-9-316.

(12) 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.

Current official text: Tennessee Code (LexisNexis). Digitized from the UniCourt Code Improvement Commission public-domain capture. Reproduced from public-domain Tennessee statutes; confirm against the official source for the current text. Not legal advice.