Section 7-9A-310 - [Effective 7/1/2024] When filing required to perfect security interest or agricultural lien; security interests and agricultural liens to which filing provisions do not apply(a) General rule: Perfection by filing. Except as otherwise provided in subsection (b) and Section 7-9A-312(b), a financing statement must be filed to perfect all security interests and agricultural liens.(b) Exceptions: Filing not necessary. The filing of a financing statement is not necessary to perfect a security interest:(1) that is perfected under Section 7-9A-308(d), (e), (f), or (g);(2) that is perfected under Section 7-9A-309 when it attaches;(3) in property subject to a statute, regulation, or treaty described in Section 7-9A-311(a);(4) in goods in possession of a bailee which is perfected under Section 7-9A-312(d)(1) or (2);(5) in certificated securities, documents, goods, or instruments which is perfected without filing, control, or possession under Section 7-9A-312(e), (f), or (g);(6) in collateral in the secured party's possession under Section 7-9A-313;(7) in a certificated security which is perfected by delivery of the security certificate to the secured party under Section 7-9A-313;(8) in controllable accounts, controllable electronic records, controllable payment intangibles, deposit accounts, electronic documents, investment property, or letter-of-credit rights which is perfected by control under Section 7-9A-314;(8A) in chattel paper which is perfected by possession and control under Section 7-9A-314A;(9) in proceeds which is perfected under Section 7-9A-315; or(10) that is perfected under Section 7-9A-316.(c) Assignment of perfected security interest. If a secured party assigns a perfected security interest or agricultural lien, a filing under this article is not required to continue the perfected status of the security interest against creditors of and transferees from the original debtor.Ala. Code § 7-9A-310 (1975)
Amended by Act 2023-492,§ 1, eff. 7/1/2024.Act 2001-481, p. 647, §1; Act 2004-315, p. 464, §2.This section is set out more than once due to postponed, multiple, or conflicting amendments.