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 […]
Section 336.9-321 — Licensee Of General Intangible And Lessee Of Goods In Ordinary Course Of Business.
336.9-321 LICENSEE OF GENERAL INTANGIBLE AND LESSEE OF GOODS IN ORDINARY COURSE OF BUSINESS. (a) Licensee in ordinary course of business. In this section, “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 […]