P.R. Laws tit. 19, § 2260

2019-02-20 00:00:00+00
§ 2260. When filing required to perfect security interest or agricultural lien; security or 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 § 2262(b) of this title 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 subsection (d), (e), (f), or (g) of § 2258 of this title;

(2) that is perfected under § 2259 of this title when it attaches;

(3) in property subject to a statute, regulation, or treaty described in § 2261(a) of this title;

(4) in goods in possession of a bailee, which is perfected under clause (1) or (2) of subsection (d) of § 2262 of this title;

(5) in certificated securities, documents, goods, or instruments, which is perfected without filing or possession under subsection (e), (f), or (g) of § 2262 of this title;

(6) in collateral in the secured party's possession under § 2263 of this title;

(7) in a certificated security which is perfected by delivery of the security certificate to the secured party under § 2263 of this title;

(8) in deposit accounts, electronic chattel paper, investment property, or letter-of-credit rights or life insurance policies when the security interest is perfected by control under § 2264 of this title;

(9) in proceeds which is perfected under § 2265 of this title, or

(10) that is perfected under § 2266 of this title.

(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.

History —Sept. 19, 1996, No. 241, added as § 9-310 on Jan. 17, 2012, No. 21, § 11, eff. 1 year after Jan. 17, 2012.