41-09-39. (9-319) Rights and title of consignee with respect to creditors and
114 words·~1 min read·
/nd/title-41/chapter-41-09-secured-transactions/41-09-39·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
purchasers.
1. Except as otherwise provided in subsection 2, for purposes of determining the rights of
creditors of, and purchasers for value of goods from, a consignee, while the goods are
in the possession of the consignee, the consignee is deemed to have rights and title to
the goods identical to those the consignor had or had power to transfer.
2. For purposes of determining the rights of a creditor of a consignee, law other than this
chapter determines the rights and title of a consignee while goods are in the
consignee's possession if, under this part, a perfected security interest held by the
consignor would have priority over the rights of the creditor.