West Virginia Code § 46-9-312

Perfection of security interests in chattel paper, deposit accounts,
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documents, goods covered by documents, instruments, investment property, letter-
of-credit rights and money; perfection by permissive filing; temporary perfection
without filing or transfer of possession.
(a) Perfection by filing permitted. A security interest in chattel paper, negotiable
documents, instruments or investment property may be perfected by filing.e
(b) Control or possession of certain collateral. Except as otherwise provided in section
9-315(c) and (d) for proceeds:
(1) A security interest in a deposit account may be perfected only by control under section
9-314; and
(2) Except as otherwise provided in section 9-308(d), aa security interest in a letter-of-credit
right may be perfected only by control under section 9-314; and
(3) A security interest in money may be perfected only by the secured party's taking
possession under section 9-313.
(c) Goods covered by negotiable document. While goods are in the possession of a bailee that
has issued a negotiable document covering the goods:
(1) A security interest in the goods may be perfected by perfecting a security interest in the
document; and
(2) A security interest perfected in the document has priority over any security interest that
becomes perfected in the goods by another method during that time.
(d) Goods covered by nonnegotiable document. While goods are in the possession of a bailee
that has issued a nonnegotiable document covering the goods, a security interest in the
goods may be perfected by:
(1) Issuance of a document in the name of the secured party;
(2) The bailee's receipt of notification of the secured party's interest; or
(3) Filing as to the goods.
(e) Temporary perfection: New value. A security interest in certificated securities, negotiable
documents or instruments is perfected without filing or the taking of possession or control
for a period of twenty days from the time it attaches to the extent that it arises for new value
given under an authenticated security agreement.
(f) Temporary perfection: Goods or documents made available to debtor. A perfected security
interest in a negotiable document or goods in possession of a bailee, other than one that has
issued a negotiable document for the goods, remains perfected for twenty days without filing
if the secured party makes available to the debtor the goods or documents representing the
goods for the purpose of:
(1) Ultimate sale or exchange; or
(2) Loading, unloading, storing, shipping, transshipping, manufacturing, processing or
otherwise dealing with them in a manner preliminary to their sale or exchange.
(g) Temporary perfection: Delivery of security certificate or instrument to debtor. A
perfected security interest in a certificated security or instrumenut remains perfected for
twenty days without filing if the secured party delivers the security certificate or instrument
to the debtor for the purpose of:
(1) Ultimate sale or exchange; or a
(2) Presentation, collection, enforcement, renewal lor registration of transfer.
(h) Expiration of temporary perfection. After the twenty-day period specified in subsection
(e), (f) or (g) of this section expires, perfection depends upon compliance with this article.

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