(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:

(i)  The collateral is as-extracted collateral or timber to be cut; or

(ii)  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.

Terms Used In Rhode Island General Laws 6A-9-501

  • Lien: A claim against real or personal property in satisfaction of a debt.
  • Mortgage: The written agreement pledging property to a creditor as collateral for a loan.
  • Real property: Land, and all immovable fixtures erected on, growing on, or affixed to the land.

(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 utility is the office of the secretary of state. The financing statement also constitutes a fixture filing as to the collateral indicated in the financing statement which is or is to become fixtures.

History of Section.
P.L. 2000, ch. 182, § 6; P.L. 2000, ch. 420, § 6.