Citizens & Southern National Bank v. Capital Construction Co.

Nichols, Presiding Judge.

Under Code Ann. § 109A-9—302 (1) (e), the assignment of an account not embracing a loan or in connection with other assignments to the same assignee, a significant part of the outstanding accounts or contract rights of the assignor does not have to be perfected by the filing of a financing statement under the Uniform Commercial Code, and under Code Ann. § 109A-9—203 the security agreement must be in writing but not in any particular form. The writing relied upon in the instant case stated that the “account” (right to payment for goods sold or services rendered, Code…