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§12A-9-302.
§12A-9-302.
When Filing is Required to Perfect Security Interest - Security
Interests to Which Filing Provisions of This Article Do Not Apply.
(1) A financing statement must be filed to perfect all security
interests except the following:
(a) A security interest in collateral in possession of the secured
party pursuant to the provisions of Section 9-305 of this title; or
(b) A security interest temporarily perfected in instruments,
certificated securities, or documents without delivery pursuant to the
provisions of Section 9-304 of this title or in proceeds for a ten-day
period pursuant to the provisions of Section 9-306 of this title; or
(c) A security interest created by an assignment of a beneficial
interest in a trust or a decedent's estate; or
(d) A purchase money security interest in consumer goods except for a
vehicle as provided in paragraph (i) of this subsection; or
(e) An assignment of accounts which does not transfer, alone or in
conjunction with other assignments to the same assignee, a significant
part of the outstanding accounts of the assignor; or
(f) A security interest of a collecting bank, pursuant to the
provisions of Section 4-210 of this title or arising according to the
articles on Sales and Leases as stated in Section 9-113 of this title
or covered in subsection (3) of this section; or
(g) An assignment for the benefit of all the creditors of the
transferor, and subsequent transfers by the assignee thereunder; or
(h) A security interest in investment property which is perfected
without filing pursuant to the provisions of Section 9-115 or 9-116 of
this title; or
(i) A security interest in a vehicle as defined in Section 1110 of
Title 47 of the Oklahoma Statutes for which a certificate of title may
be properly issued by the Oklahoma Tax Commission, except as otherwise
provided for in Section 1110 of Title 47 of the Oklahoma Statutes; or
(j) A security interest in a certificate of deposit. Such a security
interest is perfected:
(i) when the certificate of deposit is an instrument, by the secured
party taking possession of the certificate of deposit; and
(ii) when the certificate of deposit is a general intangible, by
written notice to the issuer of the certificate of deposit by the
secured party that reasonably identifies the certificate of deposit
and provides reasonable proof of the claimed security interest.
Notification to the issuer of a certificate of deposit by a secured
party of the secured party's security interest in the certificate of
deposit imposes no obligation on the issuer to the secured party,
including any obligation to acknowledge the notice. An issuer by
written acknowledgment of a notice from a secured party may assume an
obligation to the secured party in the circumstances and under the
conditions specified in the acknowledgment.
(2) If a secured party assigns a perfected security interest, no
filing as provided for in this article is required to continue the
perfected status of the security interest against creditors of and
transferees from the original debtor.
(3) The filing of a financing statement otherwise required by this
article is not necessary or effective to perfect a security interest
in property subject to:
(a) a statute or treaty of the United States that provides for a
national or international registration or a national or international
certificate of title or that specifies a place of filing different
from that specified in this article for filing of the security
interest; or
(b) a statute of this state that provides for central filing of, or
that requires indication or delivery for indication on a certificate
of title of, any security interests in the property, but, during any
period in which collateral is inventory held for sale by a person who
is in the business of selling goods of that kind, the filing
provisions of Sections 9-401 et seq. of this title apply to a security
interest in that collateral created by him as debtor; or
(c) a certificate of title statute of another jurisdiction pursuant to
the provisions of which delivery for indication or indication of a
security interest on the certificate is required as a condition of
perfection as stated in subsection (2) of Section 9-103.1 of this
title.
(4) Compliance with a statute or treaty described in subsection (3) of
this section is equivalent to the filing of a financing statement
pursuant to the provisions of this article, and a security interest in
property subject to the statute or treaty can be perfected only by
compliance with such statute or treaty except as provided for in
Section 9-103.1 of this title on multiple state transactions. Duration
and renewal of perfection of a security interest perfected by
compliance with the statute or treaty are governed by the provisions
of the statute or treaty, but, in other respects, the security
interest is subject to the provisions of this article.
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