Georgia § 11-9-309 - Security interest perfected upon attachment.

§ 11-9-309. Security interest perfected upon attachment.

The following security interests are perfected when they attach: A purchase money security interest in consumer goods, except as otherwise provided in subsection (b) of Code Section 11-9-311 with respect to consumer goods that are subject to a statute or treaty described in subsection (a) of Code Section 11-9-311; 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; A sale of a payment intangible; A sale of a promissory note; A security interest created by the assignment of a health care insurance receivable to the provider of the health care goods or services; A security interest arising under Code Section 11-2-401 or 11-2-505, subsection (3) of Code Section 11-2-711, or subsection (5) of Code Section 11-2A-508, until the debtor obtains possession of the collateral; A security interest of a collecting bank arising under Code Section 11-4-210; A security interest of an issuer or nominated person arising under Code Section 11-5-118; A security interest arising in the delivery of a financial asset under subsection (c) of Code Section 11-9-206; A security interest in investment property created by a broker or securities intermediary; A security interest in a commodity contract or a commodity account created by a commodity intermediary; An assignment for the benefit of all creditors of the transferor and subsequent transfers by the assignee thereunder; and A security interest created by an assignment of a beneficial interest in a decedent's estate. (Code 1981, § 11-9-309 , enacted by Ga. L. 2001, p. 362, § 1.) Law reviews. - Commercial Law, see 53 Mercer L. Rev. 153 (2001).