Section 336.9-317 — Interests That Take Priority Over Or Take Free Of Security Interest Or Agricultural Lien.
336.9-317 MS 1998 [Repealed, 2000 c 399 art 1 s 140] 336.9-317 INTERESTS THAT TAKE PRIORITY OVER OR TAKE FREE OF SECURITY INTEREST OR AGRICULTURAL LIEN. (a) Conflicting security interests and rights of lien creditors. A security interest or agricultural lien is subordinate to the rights of: (1) a person entitled to priority under section […]
Section 336.9-318 — No Interest Retained In Right To Payment That Is Sold; Rights And Title Of Seller Of Account Or Chattel Paper With Respect To Creditors And Purchasers.
336.9-318 MS 1998 [Repealed, 2000 c 399 art 1 s 140] 336.9-318 NO INTEREST RETAINED IN RIGHT TO PAYMENT THAT IS SOLD; RIGHTS AND TITLE OF SELLER OF ACCOUNT OR CHATTEL PAPER WITH RESPECT TO CREDITORS AND PURCHASERS. (a) Seller retains no interest. A debtor that has sold an account, chattel paper, payment intangible, or […]
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 […]
Section 336.9-312 — Perfection Of Security Interests In Chattel Paper, Deposit Accounts, Documents, Goods Covered By Documents, Instruments, Investment Property, Letter Of Credit Rights, And Money; Perfection By Permissive Filing; Temporary Perfection Without Filing Or Transfer Of Possession.
336.9-312 MS 1998 [Repealed, 2000 c 399 art 1 s 140] 336.9-312 PERFECTION OF SECURITY INTERESTS IN CHATTEL PAPER, DEPOSIT ACCOUNTS, DOCUMENTS, GOODS COVERED BY DOCUMENTS, INSTRUMENTS, INVESTMENT PROPERTY, LETTER OF CREDIT RIGHTS, AND MONEY; PERFECTION BY PERMISSIVE FILING; TEMPORARY PERFECTION WITHOUT FILING OR TRANSFER OF POSSESSION. (a) Perfection by filing permitted. A security interest […]
Section 336.9-313 — When Possession By Or Delivery To Secured Party Perfects Security Interest Without Filing.
336.9-313 MS 1998 [Repealed, 2000 c 399 art 1 s 140] 336.9-313 WHEN POSSESSION BY OR DELIVERY TO SECURED PARTY PERFECTS SECURITY INTEREST WITHOUT FILING. (a) Perfection by possession or delivery. Except as otherwise provided in subsection (b), a secured party may perfect a security interest in tangible negotiable documents, goods, instruments, money, or tangible […]
Section 336.9-314 — Perfection By Control.
336.9-314 MS 1998 [Repealed, 2000 c 399 art 1 s 140] 336.9-314 PERFECTION BY CONTROL. (a) Perfection by control. A security interest in investment property, deposit accounts, letter of credit rights, electronic chattel paper, or electronic documents may be perfected by control of the collateral under section 336.7-106, 336.9-104, 336.9-105, 336.9-106, or 336.9-107. (b) Specified […]
Section 336.9-315 — Secured Party’s Rights On Disposition Of Collateral And In Proceeds.
336.9-315 MS 1998 [Repealed, 2000 c 399 art 1 s 140] 336.9-315 SECURED PARTY’S RIGHTS ON DISPOSITION OF COLLATERAL AND IN PROCEEDS. (a) Disposition of collateral: continuation of security interest or agricultural lien; proceeds. Except as otherwise provided in this article and in section 336.2-403(2): (1) a security interest or agricultural lien continues in collateral […]
Section 336.9-316 — Effect Of Change In Governing Law.
336.9-316 MS 1998 [Repealed, 2000 c 399 art 1 s 140] 336.9-316 EFFECT OF CHANGE IN GOVERNING LAW. (a) General rule: effect on perfection of change in governing law. A security interest perfected pursuant to the law of the jurisdiction designated in section 336.9-301 (1) or 336.9-305 (c) remains perfected until the earliest of: (1) […]