Texas § BC.9.309 - SECURITY INTEREST PERFECTED UPON ATTACHMENT

§ BC.9.309. SECURITY INTEREST PERFECTED UPON ATTACHMENT

SECURITY INTEREST PERFECTED UPON ATTACHMENT. The following security interests are perfected when they attach: (1) a purchase money security interest in consumer goods, except as otherwise provided in Section 9.311 (b) with respect to consumer goods that are subject to a statute or treaty described in Section 9.311 (a); (2) an assignment of accounts or payment intangibles that 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 Section 2.401 , 2.505 , 2.711 (c), or 2A.508 (e), until the debtor obtains possession of the collateral; (7) a security interest of a collecting bank arising under Section 4.210 ; (8) a security interest of an issuer or nominated person arising under Section 5.118 ; (9) a security interest arising in the delivery of a financial asset under Section 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 the creditors of the transferor and subsequent transfers by the assignee thereunder; (13) a security interest created by an assignment of a beneficial interest in a decedent's estate; and (14) a sale by an individual of an account that is a right to payment of winnings in a lottery or other game of chance. Amended by Acts 1999, 76th Leg., ch. 414, Sec. 1.01, eff. July 1, 2001; Acts 2003, 78th Leg., ch. 917, Sec. 4, eff. Sept. 1, 2003.