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<section article="gcl" article_name="Commercial Law" number="9-309" title_number="9" title_name="Secured Transactions" subtitle_number="3" subtitle_name="Perfection and Priority">
  <text>The following security interests are perfected when they attach:</text>
  <level label="1">
    <text>A purchase-money security interest in consumer goods, except as otherwise provided in § 9-311(b) with respect to consumer goods that are subject to a statute or treaty described in § 9-311(a);</text>
  </level>
  <level label="2">
    <text>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;</text>
  </level>
  <level label="3">
    <text>A sale of a payment intangible;</text>
  </level>
  <level label="4">
    <text>A sale of a promissory note;</text>
  </level>
  <level label="5">
    <text>A security interest created by the assignment of a health-care-insurance receivable to the provider of the health-care goods or services;</text>
  </level>
  <level label="6">
    <text>A security interest arising under § 2-401, § 2-505, § 2-711(3), or § 2A-508(5) of this article, until the debtor obtains possession of the collateral;</text>
  </level>
  <level label="7">
    <text>A security interest of a collecting bank arising under § 4-210 of this article;</text>
  </level>
  <level label="8">
    <text>A security interest of an issuer or nominated person arising under § 5-118 of this article;</text>
  </level>
  <level label="9">
    <text>A security interest arising in the delivery of a financial asset under § 9-206(c);</text>
  </level>
  <level label="10">
    <text>A security interest in investment property created by a broker or securities intermediary;</text>
  </level>
  <level label="11">
    <text>A security interest in a commodity contract or a commodity account created by a commodity intermediary;</text>
  </level>
  <level label="12">
    <text>An assignment for the benefit of all creditors of the transferor and subsequent transfers by the assignee thereunder;</text>
  </level>
  <level label="13">
    <text>A security interest created by an assignment of a beneficial interest in a decedent’s estate; and</text>
  </level>
  <level label="14">
    <text>A sale by an individual of an account that is a right to payment of winnings in a lottery or other game of chance.</text>
  </level>
</section>
