Section 34.1-9-339 – Priority Subject to Subordination.
34.1-9-339. Priority subject to subordination. This article does not preclude subordination by agreement by a person entitled to priority.
Section 34.1-9-330 – Priority of Purchaser of Chattel Paper or Instrument.
34.1-9-330. Priority of purchaser of chattel paper or instrument. (a) 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: (i) In good faith and in the ordinary course of the purchaser’s business, the purchaser gives […]
Section 34.1-9-331 – 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.
34.1-9-331. 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) This article does not limit the rights of a holder in due course of a negotiable instrument, a holder to which a negotiable document of title has been […]
Section 34.1-9-332 – Transfer of Money; Transfer of Funds From Deposit Account.
34.1-9-332. Transfer of money; transfer of funds from deposit account. (a) 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) A transferee of funds from a deposit account takes the funds free of a […]
Section 34.1-9-333 – Priority of Certain Liens Arising by Operation of Law.
34.1-9-333. Priority of certain liens arising by operation of law. (a) In this section, “possessory lien” means an interest, other than a security interest or an agricultural lien: (i) Which secures payment or performance of an obligation for services or materials furnished with respect to goods by a person in the ordinary course of the […]
Section 34.1-9-334 – Priority of Security Interests in Fixtures and Crops.
34.1-9-334. Priority of security interests in fixtures and crops. (a) 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 improvement on land. (b) This article does […]
Section 34.1-9-325 – Priority of Security Interests in Transferred Collateral.
34.1-9-325. Priority of security interests in transferred collateral. (a) Except as otherwise provided in subsection (b), a security interest created by a debtor is subordinate to a security interest in the same collateral created by another person if: (i) The debtor acquired the collateral subject to the security interest created by the other person; (ii) […]
Section 34.1-9-326 – Priority of Security Interests Created by New Debtor.
34.1-9-326. Priority of security interests created by new debtor. (a) Subject to subsection (b), a security interest that is created by a new debtor in collateral in which the new debtor has or acquires rights and is perfected solely by a filed financing statement that would be ineffective to perfect the security interest but for […]
Section 34.1-9-327 – Priority of Security Interests in Deposit Account.
34.1-9-327. Priority of security interests in deposit account. (a) The following rules govern priority among conflicting security interests in the same deposit account: (i) A security interest held by a secured party having control of the deposit account under section 34.1-9-104 has priority over a conflicting security interest held by a secured party that does […]
Section 34.1-9-328 – Priority of Security Interests in Investment Property.
34.1-9-328. Priority of security interests in investment property. (a) The following rules govern priority among conflicting security interests in the same investment property: (i) A security interest held by a secured party having control of investment property under section 34.1-9-106 has priority over a security interest held by a secured party that does not have […]