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Title 34.1 Uniform Commercial Code

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Change 1

What to do with it
As published

34.1-9-309. Security interest perfected upon attachment.

(a) The following security interests are perfected when they attach: (i) A purchase-money security interest in consumer goods, except as otherwise provided in section 34.1-9-311(b) with respect to consumer goods that are subject to a statute or treaty described in section 34.1-9-311(a); (ii) 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; (iii) A sale of a payment intangible; (iv) A sale of a promissory note; (v) A security interest created by the assignment of a health-care-insurance receivable to the provider of the health-care goods or services; (vi) A security interest arising under section 34.1-2-401, 34.1-2-505, 34.1-2-711(c) or 34.1-2A-508(e), until the debtor obtains possession of the collateral; (vii) A security interest of a collecting bank arising under section 34.1-4-210; (viii) A security interest of an issuer or nominated person arising under section 34.1-5-118; (ix) A security interest arising in the delivery of a financial asset under section 34.1-9-206(c); (x) A security interest in investment property created by a broker or securities intermediary; (xi) A security interest in a commodity contract or a commodity account created by a commodity intermediary; (xii) An assignment for the benefit of all creditors of the transferor and subsequent transfers by the assignee thereunder; and (xiii) A security interest created by an assignment of a beneficial interest in a decedent's estate.

Your change, as a redline

34.1-9-309. Security interest perfected upon attachment.

(a) The following security interests are perfected when they attach: (i) A purchase-money security interest in consumer goods, except as otherwise provided in section 34.1-9-311(b) with respect to consumer goods that are subject to a statute or treaty described in section 34.1-9-311(a); (ii) 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; (iii) A sale of a payment intangible; (iv) A sale of a promissory note; (v) A security interest created by the assignment of a health-care-insurance receivable to the provider of the health-care goods or services; (vi) A security interest arising under section 34.1-2-401, 34.1-2-505, 34.1-2-711(c) or 34.1-2A-508(e), until the debtor obtains possession of the collateral; (vii) A security interest of a collecting bank arising under section 34.1-4-210; (viii) A security interest of an issuer or nominated person arising under section 34.1-5-118; (ix) A security interest arising in the delivery of a financial asset under section 34.1-9-206(c); (x) A security interest in investment property created by a broker or securities intermediary; (xi) A security interest in a commodity contract or a commodity account created by a commodity intermediary; (xii) An assignment for the benefit of all creditors of the transferor and subsequent transfers by the assignee thereunder; and (xiii) A security interest created by an assignment of a beneficial interest in a decedent's estate.

One line that says what changes, such as "Halve the dog tax".

Who it helps, what it costs, what it fixes. It is what persuades people to support it.

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