§ 11-9-328. Priority of Security Interests in Investment Property
The following rules govern priority among conflicting security interests in the same investment property: A security interest held by a secured party having control of investment property under Code Section 11-9-106 has priority over a security interest held by a secured party that does not have control of the investment property; Except as otherwise provided […]
§ 11-9-329. Priority of Security Interests in Letter of Credit Right
The following rules govern priority among conflicting security interests in the same letter of credit right: A security interest held by a secured party having control of the letter of credit right under Code Section 11-9-107 has priority to the extent of its control over a conflicting security interest held by a secured party that […]
§ 11-9-330. Priority of Purchaser of Chattel Paper or Instrument
Purchaser’s priority; security interest claimed merely as proceeds. A purchaser of chattel paper has priority over a security interest in the chattel paper which is claimed merely as proceeds of inventory subject to a security interest if: In good faith and in the ordinary course of the purchaser’s business, the purchaser gives new value […]
§ 11-9-331. Priority of Rights of Purchasers of Instruments, Documents, and Securities Under Other Articles; Priority of Interests in Financial Assets and Security Entitlements Under Article 8 of This Title
Rights under Articles 3, 7, and 8 of this title not limited. This article does not limit the rights of a holder in due course of a negotiable instrument, a holder to which a negotiable document of title has been duly negotiated, or a protected purchaser of a security. These holders or purchasers take […]
§ 11-9-332. Transfer of Money; Transfer of Funds From Deposit Account
Transferee of money. A transferee of money takes the money free of a security interest unless the transferee acts in collusion with the debtor in violating the rights of the secured party. Transferee of funds from deposit account. A transferee of funds from a deposit account takes the funds free of a security […]
§ 11-9-333. Priority of Certain Liens
Year’s support; property taxes; other state taxes; other taxes or judgments. Except as is expressly provided to the contrary elsewhere in this article and in subsection (b) of this Code section, a perfected security interest in collateral takes priority over each and all of the liens, claims, and rights described in Code Section 44-14-320, relating […]
§ 11-9-334. Priority of Security Interests in Fixtures and Crops
Security interest in fixtures under this article. A security interest under this article may be created in goods that are fixtures or may continue in goods that become fixtures. A security interest does not exist under this article in ordinary building materials incorporated into an improvement on land. Security interest in fixtures under real […]
§ 11-9-335. Accessions
Creation of security interest in accession. A security interest may be created in an accession and continues in collateral that becomes an accession. Perfection of security interest. If a security interest is perfected when the collateral becomes an accession, the security interest remains perfected in the collateral. Priority of security interest. Except […]
§ 11-9-336. Commingled Goods
“Commingled goods.” As used in this Code section, the term “commingled goods” means goods that are physically united with other goods in such a manner that their identity is lost in a product or mass. No security interest in commingled goods as such. A security interest does not exist in commingled goods as […]
§ 11-9-337. Priority of Security Interests in Goods Covered by Certificate of Title
If, while a security interest in goods is perfected by any method under the law of another jurisdiction, this state issues a certificate of title that does not show that the goods are subject to the security interest or contain a statement that they may be subject to security interests not shown on the certificate: […]