57A-9-110. Provisions governing security interests arising under other sections.
87 words·~1 min read·
/sd/title-57/chapter-57-9/57a-9-110A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
A security interest arising under § 57A-2-401 , 57A-2-505 , 57A-2-711(3), or 57A-2A-508(5) is subject to this chapter. However, until the debtor obtains possession of the goods:
(1)The security interest is enforceable, even if § 57A-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 chapter 57A-2 or 57A-2A ; and
(4)The security interest has priority over a conflicting security interest created by the debtor.