There Is a Newer Version
of
the Pennsylvania Consolidated Statutes
2012 Pennsylvania Consolidated Statutes
Title 13 - COMMERCIAL CODE
Chapter 91 - General Provisions
Section 9110 - Security interests arising under Division 2 or 2A
§ 9110. Security interests arising under Division 2 or 2A.
A security interest arising under section 2401 (relating to
passing of title; reservation for security; limited application
of section), 2505 (relating to shipment by seller under
reservation), 2711(c) (relating to security interest of buyer in
rejected goods) or 2A508(e) (relating to security interest in
goods in lessee's possession) is subject to this division.
However, until the debtor obtains possession of the goods:
(1) the security interest is enforceable, even if
section 9203(b)(3) (relating to enforceability) 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 Division 2 (relating to sales) or 2A
(relating to leases); and
(4) the security interest has priority over a
conflicting security interest created by the debtor.
Cross References. Section 9110 is referred to in sections
9109, 9203, 9322 of this title.
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