Page:United States Statutes at Large Volume 77.djvu/780

 748

PUBLIC LAW 88-243-DEC. 30, 1963

[77 STAT.

ciirity interest'niay also be perfected in the District after the expiration of the four month period; in such case perfection dates from the time of perfection in the District. If the security interest was not perfected under the law of the jurisdiction where the property was when the security interest attached and before being brought into the District, it may be perfected in the District; in such case perfection dates from the time of perfection in the District. (4) Notwithstanding subsections (2) and (8), if personal property is covered by a certificate of title issued under a statute of the District or any other jurisdiction which requires indication on a certificate of title of any security interest in the property as a condition of perfection, then the perfection is governed by the law of the jurisdiction which issued the certificate. (5) Notwithstanding subsection (1) and section 28:9—802, if the office where the assignor of accounts or contracts rights keeps his records concerning them is not located in a jurisdiction which is a part of the United States, its territories or possessions, and the accounts or contract rights are within the jurisdiction of the District or the transaction which creates the security interest otherwise bears an appropriate relation to the District, this article governs the validity and perfection of the security interest and the security interest may only be perfected by notification to the account debtor. §28:9—104. Transactions excluded from article This article does not apply (a) to a security interest subject to any statute of the United States such as the Ship Mortgage Act, 1920, to the extent that such statute governs the rights of parties to and third parties affected by transactions in particular types of property; or (b) to a landlord's lien; or (c) to a lien given by statute or other rule of law for services or materials except as provided in section 2S:9—810 on priority of such liens; or (d) to a transfer of a claim for wages, salary or other compensation of an employee; or (e) to an equipment trust covering railway rolling stock; or (f) to a sale of accounts, contract rights or chattel paper as part of a sale of the business out of which they arose, or an assignment of accounts, contract rights or chattel paper which is for the purpose of collection only, or a transfer of a contract right to an assignee who is also to do the performance under the contract; or (g) to a transfer of an interest or claim in or under any policy of insurance; or (h) to a right represented by a judgment; or (i) to any right of set-off; or (j) except to the extent that provision is made for fixtures in section 28:9—813, to the creation or transfer of an interest in or lien on real estate, including a lease or rents thereunder; or (k) to a transfer in whole or in part of any of the following: any claim arising out of tort; any deposit, savings, passbook or like account maintained with a bank, savings and loan association, credit union or like organization. § 28:9—105. Definitions and index of definitions (1) In this article unless the context otherwise requires: (a) "Account debtor" means the person who is obligated on an account, chattel paper, contract right or general intangible; (b) "Chattel paper" means a writing or writings which evidence both a monetary obligation and a security interest in or a

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