§ 9-110
94 words·~1 min read·
/md/commercial-law/9-110·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
§9–110.
A security interest arising under § 2-401, § 2-505, § 2-711(3), or § 2A-508(5) of this article is subject to this title. However, until the debtor obtains possession of the goods:
(1)The security interest is enforceable, even if § 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 Title 2 or 2A of this article; and
(4)The security interest has priority over a conflicting security interest created by the debtor.