§ 25-9-331 – 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.
25-9-331. 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 […]
§ 25-9-332 – Transfer of money; transfer of funds from deposit account.
25-9-332. 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 […]
§ 25-9-333 – Priority of certain liens arising by operation of law.
25-9-333. 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 […]
§ 25-9-334 – Priority of security interests in fixtures and crops.
25-9-334. 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 […]
§ 25-9-335 – Accessions.
25-9-335. 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 […]
§ 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 […]
§ 25-9-324 – Priority of purchase-money security interests.
25-9-324. Priority of purchase-money security interests. (a) General rule: purchase-money priority. – Except as otherwise provided in subsection (g) of this section, 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 G.S. 25-9-327, a perfected […]
§ 25-9-324.1 – Priority of production-money security interests and agricultural liens.
25-9-324.1. Priority of production-money security interests and agricultural liens. (a) Priority over conflicting security interests. – Except as otherwise provided in subsections (c), (d), and (e) of this section, if the requirements of subsection (b) of this section are satisfied, a perfected production-money security interest in production-money crops has priority over a conflicting security interest […]
§ 25-9-325 – Priority of security interests in transferred collateral.
25-9-325. Priority of security interests in transferred collateral. (a) Subordination of security interest in transferred collateral. – Except as otherwise provided in subsection (b) of this section, 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 […]