{"data":{"id":"us-dc/d.c.-code-28-9-315","jurisdiction":"us-dc","citation":"D.C. Code § 28:9-315","heading":"Secured party’s rights on disposition of collateral and in proceeds.","body":"(a)\nExcept as otherwise provided in this article and in § 28:2-403(2):\n(1)\nA security interest or agricultural lien continues in collateral notwithstanding sale, lease, license, exchange, or other disposition thereof unless the secured party authorized the disposition free of the security interest or agricultural lien; and\n(2)\nA security interest attaches to any identifiable proceeds of collateral.\n\n(b)\nProceeds that are commingled with other property are identifiable proceeds:\n(1)\nIf the proceeds are goods, to the extent provided by § 28:9-336; and\n(2)\nIf the proceeds are not goods, to the extent that the secured party identifies the proceeds by a method of tracing, including application of equitable principles, that is permitted under law other than this article with respect to commingled property of the type involved.\n\n(c)\nA security interest in proceeds is a perfected security interest if the security interest in the original collateral was perfected.\n\n(d)\nA perfected security interest in proceeds becomes unperfected on the 21st day after the security interest attaches to the proceeds unless:\n(1)\nThe following conditions are satisfied:\n(A)\nA filed financing statement covers the original collateral;\n(B)\nThe proceeds are collateral in which a security interest may be perfected by filing in the office in which the financing statement has been filed; and\n(C)\nThe proceeds are not acquired with cash proceeds;\n(2)\nThe proceeds are identifiable cash proceeds; or\n(3)\nThe security interest in the proceeds is perfected other than under subsection (c) when the security interest attaches to the proceeds or within 20 days thereafter.\n\n(e)\nIf a filed financing statement covers the original collateral, a security interest in  proceeds which remains perfected under subsection (d)(1) becomes unperfected at the later of:\n(1)\nWhen the effectiveness of the filed financing statement lapses under § 28:9-515 or is terminated under § 28:9-513; or\n(2)\nThe 21st day after the security interest attaches to the proceeds.","path":["Title 28. Commercial Instruments and Transactions. [Enacted title]","Subtitle I. Uniform Commercial Code.","Article 9. Secured Transactions.","Part III. Perfection and Priority.","Subpart 2. Perfection."],"source_url":"https://code.dccouncil.gov/us/dc/council/code/sections/28:9-315","current_through":"2026-08-20 (D.C. Law 26-175)","vintage":"","retrieved_at":"2026-08-29T05:44:07Z","sha256":"8bd87047a0f10ea6c947a2267a60a9747b164d63f4c19e47005a1d2a1f62e1e5","source_id":"us-dc","stale":false,"prev":"us-dc/d.c.-code-28-9-314a","next":"us-dc/d.c.-code-28-9-316"},"notice":"GroundRules: Original legal text. Not legal advice."}