§12A-1-9-110. Security interests arising under article 2 or 2a.
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SECURITY INTERESTS ARISING UNDER ARTICLE 2 OR 2A
A security interest arising under Section 2-401, 2-505, paragraph
(3)of Section 2-711, or paragraph
(5)of Section 2A-508 of this title is subject to this article. However, until the debtor obtains possession of the goods:
(1)the security interest is enforceable, even if paragraph
(3)of subsection
(b)of Section 1-9-203 of this title 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 2A of this title; and
(4)the security interest has priority over a conflicting security interest created by the debtor. Added by Laws 2000, c. 371, § 10, eff. July 1, 2001.