US Lawyer Database

11 §9-1339. Priority subject to subordination

§9-1339. Priority subject to subordination This Article does not preclude subordination by agreement by a person entitled to priority.   [PL 1999, c. 699, Pt. A, §2 (NEW); PL 1999, c. 699, Pt. A, §4 (AFF).] SECTION HISTORY PL 1999, c. 699, §A2 (NEW). PL 1999, c. 699, §A4 (AFF).

11 §9-1332. Transfer of money; transfer of funds from deposit account

§9-1332. Transfer of money; transfer of funds from deposit account (1).  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.   [PL 1999, c. 699, Pt. A, §2 (NEW); PL 1999, c. 699, Pt. A, […]

11 §9-1333. Priority of certain liens arising by operation of law

§9-1333. Priority of certain liens arising by operation of law (1).  In this section, “possessory lien” means an interest, other than a security interest or an agricultural lien:   (a). That secures payment or performance of an obligation for services or materials furnished with respect to goods by a person in the ordinary course of […]

11 §9-1334. Priority of security interests in fixtures and crops

§9-1334. Priority of security interests in fixtures and crops (1).  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.   [PL 1999, c. […]

11 §9-1335. Accessions

§9-1335. Accessions (1).  A security interest may be created in an accession and continues in collateral that becomes an accession.   [PL 1999, c. 699, Pt. A, §2 (NEW); PL 1999, c. 699, Pt. A, §4 (AFF).] (2).  If a security interest is perfected when the collateral becomes an accession, the security interest remains perfected […]

11 §9-1336. Commingled goods

§9-1336. Commingled goods (1).  In this section, “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.   [PL 1999, c. 699, Pt. A, §2 (NEW); PL 1999, c. 699, Pt. A, §4 (AFF).] (2).  A security interest does not […]

11 §9-1338. Priority of security interest or agricultural lien perfected by filed financing statement providing certain incorrect information

§9-1338. Priority of security interest or agricultural lien perfected by filed financing statement providing certain incorrect information If a security interest or agricultural lien is perfected by a filed financing statement providing information described in section 9-1516, subsection (2), paragraph (e) that is incorrect at the time the financing statement is filed:   [PL 1999, […]

11 §9-1324. Priority of purchase-money security interests

§9-1324. Priority of purchase-money security interests (1).  Except as otherwise provided in subsection (7), 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 section 9‑1327, a perfected security interest in its identifiable proceeds also has […]

11 §9-1324-A. Priority of production-money security interests and agricultural liens

§9-1324-A. Priority of production-money security interests and agricultural liens (1).  Except as otherwise provided in subsections (3), (4) and (5), if the requirements of subsection (2) are satisfied, a perfected production-money security interest in production-money crops has priority over a conflicting security interest in the same crops and, except as otherwise provided in section 9‑1327, […]