2006 Minnesota Code
Chapters 324 - 338 Trade Regulations, Consumer Protection
Chapter 336 Uniform Commercial Code
Section 336.9-110 SECURITY INTERESTS ARISING UNDER ARTICLE 2 OR 2A.
336.9-110 MS 1998 [Repealed, 2000 c 399 art 1 s 140]
336.9-110 SECURITY INTERESTS ARISING UNDER ARTICLE 2 OR 2A.
A security interest arising under section
336.2-401,
336.2-505,
336.2-711(3), or
336.2A-508(5) is subject to this article. However, until the debtor obtains possession of the goods:
(1) the security interest is enforceable, even if section
336.9-203(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 article 2 or
2A; and
(4) the security interest has priority over a conflicting security interest created by the debtor.
History: 2000 c 399 art 1 s 10
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