1999 Minnesota Code
Chapters 324 - 338 Trade Regulations, Consumer Protection
Chapter 336 Uniform Commercial Code
Section 336.9-309 Protection of purchasers of instruments, documents, and securities.
336.9-309 Protection of purchasers of instruments, documents, and securities.
Nothing in this article limits the rights of a holder in due course of a negotiable instrument (section 336.3-302) or a holder to whom a negotiable document of title has been duly negotiated (section 336.7-501) or a protected purchaser of a security (section 336.8-303) and the holders or purchasers take priority over an earlier security interest even though perfected. Filing under this article does not constitute notice of the security interest to the holders or purchasers.
HIST: 1965 c 811 s 336.9-309; 1978 c 695 s 53; 1995 c 194 art 2 s 12
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