Section 336.9-332 — Transfer Of Money; Transfer Of Funds From Deposit Account.
336.9-332 TRANSFER OF MONEY; TRANSFER OF FUNDS FROM DEPOSIT ACCOUNT. (a) 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. (b) Transferee of funds from deposit account. A transferee of funds from […]
Section 336.9-333 — Priority Of Certain Liens Arising By Operation Of Law.
336.9-333 PRIORITY OF CERTAIN LIENS ARISING BY OPERATION OF LAW. (a) Possessory lien. In this section, “possessory lien” means an interest, other than a security interest or an agricultural lien: (1) which secures payment or performance of an obligation for services or materials furnished with respect to goods by a person in the ordinary course […]
Section 336.9-334 — Priority Of Security Interests In Fixtures And Crops.
336.9-334 PRIORITY OF SECURITY INTERESTS IN FIXTURES AND CROPS. (a) 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 […]
Section 336.9-335 — Accessions.
336.9-335 ACCESSIONS. (a) Creation of security interest in accession. A security interest may be created in an accession and continues in collateral that becomes an accession. (b) Perfection of security interest. If a security interest is perfected when the collateral becomes an accession, the security interest remains perfected in the collateral. (c) Priority of security […]
Section 336.9-336 — Commingled Goods.
336.9-336 COMMINGLED GOODS. (a) Commingled goods. 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. (b) No security interest in commingled goods as such. A security interest does not exist in commingled goods as such. However, […]
Section 336.9-337 — Priority Of Security Interests In Goods Covered By Certificate Of Title.
336.9-337 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 […]
Section 336.9-338 — Priority Of Security Interest Or Agricultural Lien Perfected By Filed Financing Statement Providing Certain Incorrect Information.
336.9-338 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 336.9-516(b)(5) which is incorrect at the time the financing statement is filed: (1) the security interest or agricultural lien […]
Section 336.9-339 — Priority Subject To Subordination.
336.9-339 PRIORITY SUBJECT TO SUBORDINATION. This article does not preclude subordination by agreement by a person entitled to priority. History: 2000 c 399 art 1 s 59
Section 336.9-340 — Effectiveness Of Right Of Recoupment Or Setoff Against Deposit Account.
336.9-340 EFFECTIVENESS OF RIGHT OF RECOUPMENT OR SETOFF AGAINST DEPOSIT ACCOUNT. (a) Exercise of recoupment or setoff. Except as otherwise provided in subsection (c), a bank with which a deposit account is maintained may exercise any right of recoupment or setoff against a secured party that holds a security interest in the deposit account. (b) […]
Section 336.9-341 — Bank’s Rights And Duties With Respect To Deposit Account.
336.9-341 BANK’S RIGHTS AND DUTIES WITH RESPECT TO DEPOSIT ACCOUNT. Except as otherwise provided in section 336.9-340(c), and unless the bank otherwise agrees in an authenticated record, a bank’s rights and duties with respect to a deposit account maintained with the bank are not terminated, suspended, or modified by: (1) the creation, attachment, or perfection […]