Section 400.9-501

Title XXVI TRADE AND COMMERCE

Chapter 400

Effective - 28 Aug 2018, 4 histories   

  400.9-501.  Filing office. — (a)  Except as otherwise provided in subsection (b), if the local law of this state governs perfection of a security interest or agricultural lien, the office in which to file a financing statement to perfect the security interest or agricultural lien is:

  (1)  The office designated for the filing or recording of a record of a mortgage on the related real property, if:

  (A)  The collateral is as-extracted collateral or timber to be cut; or

  (B)  The financing statement is filed as a fixture filing and the collateral is goods that are or are to become fixtures; or

  (2)  The office of the secretary of state in all other cases, including a case in which the collateral is goods that are or are to become fixtures and the financing statement is not filed as a fixture filing.

  (b)  The office in which to file a financing statement to perfect a security interest in collateral, including fixtures, of a transmitting utility is the office of the secretary of state.  The financing statement also constitutes a fixture filing as to the collateral indicated in the financing statement which is or is to become fixtures.

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(L. 1963 p. 503 § 9-501, A.L. 1988 S.B. 583, A.L. 2001 S.B. 288, A.L. 2014 H.B. 1412, A.L. 2016 H.B. 2332, A.L. 2018 H.B. 1769)