Perfection of proceeds

• If you have perfected security interest in proceeds then you automatically perfect for 20 days then must file unless it is cash then you are good or the same office rule applies which states o If security interest in collateral financing is in same office as where you would file the proceeds then it is still perfected unless cash acquired the new item (so if they exchange inventory for equipment you are good but if they exchange inventory for cash and then buy equipment then you must file)