§ 25-9-328 – Priority of security interests in investment property.
25-9-328. 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 G.S. 25-9-106 has priority over a security interest held by a secured party that does not have control […]
§ 25-9-329 – Priority of security interests in letter-of-credit right.
25-9-329. 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 G.S. 25-9-107 has priority to the extent of its control over a conflicting security interest held by […]
§ 25-9-330 – Priority of purchaser of chattel paper or instrument.
25-9-330. 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 […]
§ 25-9-322 – Priorities among conflicting security interests in and agricultural liens on same collateral.
25-9-322. Priorities among conflicting security interests in and agricultural liens on same collateral. (a) General priority rules. – Except as otherwise provided in this section, priority among conflicting security interests and agricultural liens in the same collateral is determined according to the following rules: (1) Conflicting perfected security interests and agricultural liens rank according to […]
§ 25-9-323 – Future advances.
25-9-323. Future advances. (a) When priority based on time of advance. – Except as otherwise provided in subsection (c) of this section, for purposes of determining the priority of a perfected security interest under G.S. 25-9-322(a)(1), perfection of the security interest dates from the time an advance is made to the extent that the security […]
§ 25-9-312 – 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.
25-9-312. 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 in chattel paper, negotiable documents, instruments, or investment property may be perfected […]
§ 25-9-313 – When possession by or delivery to secured party perfects security interest without filing.
25-9-313. 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) of this section, a secured party may perfect a security interest in tangible negotiable documents, goods, instruments, money, or tangible chattel paper by taking possession of the […]
§ 25-9-314 – Perfection by control.
25-9-314. 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 G.S. 25-7-106, 25-9-104, 25-9-105, 25-9-106, or 25-9-107. (b) Specified collateral: time of perfection by control; continuation of perfection. – A security […]
§ 25-9-315 – Secured party's rights on disposition of collateral and in proceeds.
25-9-315. 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 G.S. 25-2-403(2): (1) A security interest or agricultural lien continues in collateral notwithstanding sale, lease, license, exchange, or other disposition thereof unless […]
§ 25-9-316 – Effect of change in governing law.
25-9-316. 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 G.S. 25-9-301(1) or G.S. 25-9-305(c) remains perfected until the earliest of: (1) The time perfection would have ceased under the law of that […]