Effective – 01 Jul 2001 400.9-321. Licensee of general intangible and lessee of goods in ordinary course of business. — (a) 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 […]
Effective – 01 Jul 2001 400.9-322. Priorities among conflicting security interests in and agricultural liens on same collateral. — (a) 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 […]
Effective – 28 Aug 2002 400.9-323. Future advances. — (a) Except as otherwise provided in subsection (c), for purposes of determining the priority of a perfected security interest under section 400.9-322(a)(1), perfection of the security interest dates from the time an advance is made to the extent that the security interest secures an advance that: […]
Effective – 01 Jul 2001 400.9-324. Priority of purchase-money security interests. — (a) Except as otherwise provided in subsection (g), 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 section 400.9-327, a perfected security interest […]
Effective – 01 Jul 2001 400.9-325. Priority in 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: (1) The debtor acquired the collateral subject to the security interest […]
Effective – 28 Aug 2014, 2 histories 400.9-326. 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 […]
Effective – 01 Jul 2001 400.9-327. Priority of secured interests in deposit account. — The following rules govern priority among conflicting security interests in the same deposit account: (1) A security interest held by a secured party having control of the deposit account under section 400.9-104 has priority over a conflicting security interest held by […]
Effective – 01 Jul 2001 400.9-328. Priority in 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 section 400.9-106 has priority over a security interest held by a secured […]
Effective – 01 Jul 2001 400.9-329. 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 section 400.9-107 has priority to the extent of its control over […]
Effective – 01 Jul 2001 400.9-330. 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: (1) In good faith and in the ordinary course of […]
Effective – 01 Jul 2001 400.9-331. 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 […]
Effective – 01 Jul 2001 400.9-332. 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 […]
Effective – 01 Jul 2001 400.9-333. 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: (1) Which secures payment or performance of an obligation for services or materials furnished with respect to goods by a person […]
Effective – 01 Jul 2001 400.9-334. 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 […]
Effective – 01 Jul 2001 400.9-335. Accessions. — (a) A security interest may be created in an accession and continues in collateral that becomes an accession. (b) If a security interest is perfected when the collateral becomes an accession, the security interest remains perfected in the collateral. (c) Except as otherwise provided in subsection (d), […]
Effective – 01 Jul 2001 400.9-336. Commingled goods. — (a) 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) A security interest does not exist in commingled goods as such. However, a security interest may […]
Effective – 01 Jul 2001 400.9-337. 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 […]
Effective – 01 Jul 2001 400.9-338. 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 400.9-516(b)(5) which is incorrect at the time the financing statement is filed: (1) […]
Effective – 01 Jul 2001 400.9-339. Priority subject to subordination. — This article does not preclude subordination by agreement by a person entitled to priority. ——– (L. 2001 S.B. 288) Effective 7-01-01
Effective – 01 Jul 2001 400.9-340. Effectiveness of right of recoupment or set-off against deposit account. — (a) Except as otherwise provided in subsection (c), a bank with which a deposit account is maintained may exercise any right of recoupment or set-off against a secured party that holds a security interest in the deposit account. […]
