P.R. Laws tit. 19, § 2259

2019-02-20 00:00:00+00
§ 2259. 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 § 2261(b) of this title with respect to consumer goods that are subject to a statute or treaty described in § 2261(a) of this title;

(2) 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;

(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) [Reserved];

(7) a security interest of a collecting bank arising under § 860 of this title;

(8) a security interest of an issuer or nominated person arising under § 1237 of this title;

(9) a security interest arising in the delivery of a financial asset under § 2236(c) of this title;

(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 creditors of the transferor and subsequent transfers by the assignee thereunder, and

(13) a security interest created by an assignment of a beneficial interest in a decedent's estate.

History —Sept. 19, 1996, No. 241, added as § 9-309 on Jan. 17, 2012, No. 21, § 11, eff. 1 year after Jan. 17, 2012.