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Current as of February 19, 2021 | Updated by FindLaw Staff
(a) General rule: perfection by filing. Except as otherwise provided in subsection (b) and 12A:9-312 (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 12A:9-308(d), (e), (f) or (g);
(2) that is perfected under 12A:9-309 when it attaches;
(3) in property subject to a statute, regulation, or treaty described in 12A:9-311(a);
(4) in goods in possession of a bailee which is perfected under 12A:9-312(d) (1) or (2);
(5) in certificated securities, documents, goods, or instruments which is perfected without filing, control, or possession under 12A:9-312(e), (f) or (g);
(6) in collateral in the secured party's possession under 12A:9-313;
(7) in a certificated security which is perfected by delivery of the security certificate to the secured party under 12A:9-313;
(8) in deposit accounts, electronic chattel paper, electronic documents, investment property, or letter-of-credit rights which is perfected by control under 12A:9-314;
(9) in proceeds which is perfected under 12A:9-315; or
(10) that is perfected under 12A:9-316.
(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.
Cite this article: FindLaw.com - New Jersey Statutes Title 12A. Commercial Transactions 12A § 9-310 - last updated February 19, 2021 | https://codes.findlaw.com/nj/title-12a-commercial-transactions/nj-st-sect-12a-9-310/
FindLaw Codes may not reflect the most recent version of the law in your jurisdiction. Please verify the status of the code you are researching with the state legislature or via Westlaw before relying on it for your legal needs.
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