4-9-110. Security interests arising under article 2 or 2.5.
90 words·~1 min read·
/co/title-4-uniform-commercial-code/article-9-secured-transactions/4-9-110·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
A security interest arising under section 4-2-401, 4-2-505, 4-2-711 (3), or 4-2.5-508
(5)is subject to this article. However, until the debtor obtains possession of the goods:
(1)The security interest is enforceable, even if section 4-9-203 (b)(3) has not been satisfied;
(2)Filing is not required to perfect the security interest;
(3)The rights of the secured party after default by the debtor are governed by article 2 or 2.5 of this title; and
(4)The security interest has priority over a conflicting security interest created by the debtor.