§ 11-9-321. Licensee of General Intangible and Lessee of Goods in Ordinary Course of Business
“Licensee in ordinary course of business.” As used in this Code section, the term “licensee in ordinary course of business” means a person that becomes a licensee of a general intangible in good faith, without knowledge that the license violates the rights of another person in the general intangible, and in the ordinary course […]
§ 11-9-322. Priorities Among Conflicting Security Interests in and Agricultural Liens on Same Collateral
General priority rules. Except as otherwise provided in this Code section, priority among conflicting security interests and agricultural liens in the same collateral is determined according to the following rules: Conflicting perfected security interests and agricultural liens rank according to priority in time of filing or perfection. Priority dates from the earlier of the […]
§ 11-9-307. Location of Debtor
“Place of business.” As used in this Code section, the term “place of business” means a place where a debtor conducts its affairs. Debtor’s location; general rules. Except as otherwise provided in this Code section, the following rules determine a debtor’s location: A debtor who is an individual is located at the individual’s […]
§ 11-9-322.1. Crops Produced With New Value
A perfected security interest in growing crops for new value given to enable the debtor to produce the crops during the production season and given not more than three months before the crops become growing crops by planting or otherwise takes priority over an earlier perfected security interest or agricultural lien to the extent that […]
§ 11-9-308. When Security Interest or Agricultural Lien Is Perfected; Continuity of Perfection
Perfection of security interest. Except as otherwise provided in this Code section and Code Section 11-9-309, a security interest is perfected if it has attached and all of the applicable requirements for perfection in Code Sections 11-9-310 through 11-9-316 have been satisfied. A security interest is perfected when it attaches if the applicable requirements […]
§ 11-9-323. Future Advances
When priority based on time of advance. Except as otherwise provided in subsection (b) of this Code section, for purposes of determining the priority of a perfected security interest under paragraph (1) of subsection (a) of Code Section 11-9-322, perfection of the security interest dates from the time an advance is made to the […]
§ 11-9-309. Security Interest Perfected Upon Attachment
The following security interests are perfected when they attach: A purchase money security interest in consumer goods, except as otherwise provided in subsection (b) of Code Section 11-9-311 with respect to consumer goods that are subject to a statute or treaty described in subsection (a) of Code Section 11-9-311; An assignment of accounts or payment […]
§ 11-9-324. Priority of Purchase Money Security Interests
General rule; purchase money priority. Except as otherwise provided in subsection (g) of this Code section, a perfected purchase money security interest in goods other than inventory or livestock has priority over a conflicting security interest in the same goods, and, except as otherwise provided in Code Section 11-9-327, a perfected security interest in […]
§ 11-9-108. Sufficiency of Description
Sufficiency of description. Except as otherwise provided in subsections (c), (d), and (e) of this Code section, a description of personal or real property is sufficient, whether or not it is specific, if it reasonably identifies what is described. Examples of reasonable identification. Except as otherwise provided in subsection (d) of this Code […]
§ 11-9-109. Scope
General scope of article. Except as otherwise provided in subsections (c) and (d) of this Code section, this article applies to: A transaction, regardless of its form, that creates a security interest in personal property or fixtures by contract; An agricultural lien; A sale of accounts, chattel paper, payment intangibles, or promissory notes; A […]