(a)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.

Terms Used In Tennessee Code 47-9-310

  • Lien: A claim against real or personal property in satisfaction of a debt.
  • Property: includes both personal and real property. See Tennessee Code 1-3-105
  • Statute: A law passed by a legislature.
(b)Exceptions: filing not necessary. The filing of a financing statement is not necessary to perfect a security interest:

(1) that is perfected under § 47-9-308(d), (e), (f), or (g);
(2) that is perfected under § 47-9-309 when it attaches;
(3) in property subject to a statute, regulation, or treaty described in § 47-9-311(a);
(4) in goods in possession of a bailee which is perfected under § 47-9-312(d)(1) or (2);
(5) in certificated securities, documents, goods, or instruments which is perfected without filing, control or possession under § 47-9-312(e), (f), or (g);
(6) in collateral in the secured party’s possession under § 47-9-313;
(7) in a certificated security which is perfected by delivery of the security certificate to the secured party under § 47-9-313;
(8) in deposit accounts, electronic chattel paper, electronic documents, investment property or letter-of-credit rights which is perfected by control under § 47-9-314;
(9) in proceeds which is perfected under § 47-9-315; or
(10) that is perfected under § 47-9-316.
(c) 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.
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