The Arizona Revised Statutes have been updated to include the revised sections from the 56th Legislature, 1st Regular Session. Please note that the next update of this compilation will not take place until after the conclusion of the 56th Legislature, 2nd Regular Session, which convenes in January 2024.
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This online version of the Arizona Revised Statutes is primarily maintained for legislative drafting purposes and reflects the version of law that is effective on January 1st of the year following the most recent legislative session. The official version of the Arizona Revised Statutes is published by Thomson Reuters.
47-9308 - When security interest or agricultural lien is perfected; continuity of perfection
47-9308. When security interest or agricultural lien is perfected; continuity of perfection
A. Except as otherwise provided in this section and section 47-9309, a security interest is perfected if it has attached and all of the applicable requirements for perfection in sections 47-9310 through 47-9316 have been satisfied. A security interest is perfected when it attaches if the applicable requirements are satisfied before the security interest attaches.
B. An agricultural lien is perfected if it has become effective and all of the applicable requirements for perfection in section 47-9310 have been satisfied. An agricultural lien is perfected when it becomes effective if the applicable requirements are satisfied before the agricultural lien becomes effective.
C. A security interest or agricultural lien is perfected continuously if it is originally perfected by one method under this chapter and is later perfected by another method under this chapter, without an intermediate period when it was unperfected.
D. Perfection of a security interest in collateral also perfects a security interest in a supporting obligation for the collateral.
E. Perfection of a security interest in a right to payment or performance also perfects a security interest in a security interest, mortgage or other lien on personal or real property securing the right.
F. Perfection of a security interest in a securities account also perfects a security interest in the security entitlements carried in the securities account.
G. Perfection of a security interest in a commodity account also perfects a security interest in the commodity contracts carried in the commodity account.