The following security interests are perfected when they attach:

(1) A purchase-money security interest in consumer goods, except as otherwise provided in N.C. Gen. Stat. § 25-9-311(b) with respect to consumer goods that are subject to a statute or treaty described in N.C. Gen. Stat. § 25-9-311(a);

Terms Used In North Carolina General Statutes 25-9-309

  • Contract: A legal written agreement that becomes binding when signed.
  • Decedent: A deceased person.
  • following: when used by way of reference to any section of a statute, shall be construed to mean the section next preceding or next following that in which such reference is made; unless when some other section is expressly designated in such reference. See North Carolina General Statutes 12-3
  • property: shall include all property, both real and personal. See North Carolina General Statutes 12-3
  • Statute: A law passed by a legislature.

(2) An assignment of accounts or payment intangibles which 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 N.C. Gen. Stat. § 25-2-401, 25-2-505, 25-2-711(3), or 25-2A-508(5), until the debtor obtains possession of the collateral;

(7) A security interest of a collecting bank arising under N.C. Gen. Stat. § 25-4-208;

(8) A security interest of an issuer or nominated person arising under N.C. Gen. Stat. § 25-5-118;

(9) A security interest arising in the delivery of a financial asset under N.C. Gen. Stat. § 25-9-206(c);

(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. (1997-181, s. 5; 2000-169, s. 1.)

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