Section 336.9-324 — Priority Of Purchase-money Security Interests.
336.9-324 PRIORITY OF PURCHASE-MONEY SECURITY INTERESTS. (a) General rule: purchase-money priority. Except as otherwise provided in subsection (g), 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 336.9-327, a perfected security interest in its […]
Section 336.9-325 — Priority Of Security Interests In Transferred Collateral.
336.9-325 PRIORITY OF SECURITY INTERESTS IN TRANSFERRED COLLATERAL. (a) Subordination of security interest in transferred collateral. Except as otherwise provided in subsection (b), a security interest created by a debtor is subordinate to a security interest in the same collateral created by another person if: (1) the debtor acquired the collateral subject to the security […]
Section 336.9-326 — Priority Of Security Interests Created By New Debtor.
336.9-326 PRIORITY OF SECURITY INTERESTS CREATED BY NEW DEBTOR. (a) Subordination of security interest created by new debtor. Subject to subsection (b), a security interest that is created by a new debtor in collateral in which the new debtor has or acquires rights and is perfected solely by a filed financing statement that would be […]
Section 336.9-327 — Priority Of Security Interests In Deposit Account.
336.9-327 PRIORITY OF SECURITY INTERESTS IN DEPOSIT ACCOUNT. The following rules govern priority among conflicting security interests in the same deposit account: (1) A security interest held by a secured party having control of the deposit account under section 336.9-104 has priority over a conflicting security interest held by a secured party that does not […]
Section 336.9-328 — Priority Of Security Interests In Investment Property.
336.9-328 PRIORITY OF SECURITY INTERESTS IN INVESTMENT PROPERTY. The following rules govern priority among conflicting security interests in the same investment property: (1) A security interest held by a secured party having control of investment property under section 336.9-106 has priority over a security interest held by a secured party that does not have control […]
Section 336.9-329 — Priority Of Security Interests In Letter Of Credit Right.
336.9-329 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: (1) A security interest held by a secured party having control of the letter of credit right under section 336.9-107 has priority to the extent of its control over […]
Section 336.9-330 — Priority Of Purchaser Of Chattel Paper Or Instrument.
336.9-330 PRIORITY OF PURCHASER OF CHATTEL PAPER OR INSTRUMENT. (a) 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: (1) in good faith and in the ordinary […]
Section 336.9-331 — 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.
336.9-331 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. (a) Rights under articles 3, 7, and 8 not limited. This article does not limit the rights of a holder in due course of a negotiable instrument, a holder […]
Section 336.9-319 — Rights And Title Of Consignee With Respect To Creditors And Purchasers.
336.9-319 RIGHTS AND TITLE OF CONSIGNEE WITH RESPECT TO CREDITORS AND PURCHASERS. (a) Consignee has consignor’s rights. Except as otherwise provided in subsection (b), for purposes of determining the rights of creditors of, and purchasers for value of goods from, a consignee, while the goods are in the possession of the consignee, the consignee is […]
Section 336.9-320 — Buyer Of Goods.
336.9-320 BUYER OF GOODS. (a) Buyer in ordinary course of business. Except as otherwise provided in subsection (e), a buyer in ordinary course of business, other than a person buying farm products from a person engaged in farming operations, takes free of a security interest created by the buyer’s seller, even if the security interest […]