(a) General rule: Perfection by filing. Except as otherwise provided in subsection (b) and Section 7-9A-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 Section 7-9A-308(d), (e), (f), or (g);
(2) that is perfected under Section 7-9A-309 when it attaches;
(3) in property subject to a statute, regulation, or treaty described in Section 7-9A-311(a);
(4) in goods in possession of a bailee which is perfected under Section 7-9A-312(d)(1) or (2);
(5) in certificated securities, documents, goods, or instruments which is perfected without filing, control, or possession under Section 7-9A-312(e), (f), or (g);
(6) in collateral in the secured party's possession under Section 7-9A-313;
(7) in a certificated security which is perfected by delivery of the security certificate to the secured party under Section 7-9A-313;
(8) in deposit accounts, electronic documents, electronic chattel paper, investment property, or letter-of-credit rights which is perfected by control under Section 7-9A-314;
(9) in proceeds which is perfected under Section 7-9A-315; or
(10) that is perfected under Section 7-9A-316.
(c) Assignment of perfected security interest. If a secured party assigns a perfected security interest or agricultural lien, a filing under this article is not required to continue the perfected status of the security interest against creditors of and transferees from the original debtor.
Structure Code of Alabama
Article 9A - Secured Transactions.
Part 3 - Perfection and Priority.
Section 7-9A-309 - Security Interest Perfected Upon Attachment.
Section 7-9A-312 - Perfection of Certain Security Interests by Filing; Temporary Perfection.
Section 7-9A-314 - Perfection by Control.
Section 7-9A-315 - Secured Party's Rights on Disposition of Collateral and in Proceeds.