There Is a Newer Version of the Pennsylvania Consolidated Statutes
2012 Pennsylvania Consolidated Statutes
Title 13 - COMMERCIAL CODE
Chapter 93 - Perfection and Priority
Section 9321 - Licensee of general intangible and lessee of goods in ordinary course of business
§ 9321. Licensee of general intangible and lessee of goods in
ordinary course of business.
(a) Licensee in ordinary course of business.--As used in
this section, the term "licensee in ordinary course of business"
means a person that becomes a licensee of a general intangible
in good faith, without knowledge that the license violates the
rights of another person in the general intangible, and in the
ordinary course from a person in the business of licensing
general intangibles of that kind. A person becomes a licensee in
the ordinary course if the license to the person comports with
the usual or customary practices in the kind of business in
which the licensor is engaged or with the licensor's own usual
or customary practices.
(b) Rights of licensee in ordinary course of business.--A
licensee in ordinary course of business takes its rights under a
nonexclusive license free of a security interest in the general
intangible created by the licensor even if the security interest
is perfected and the licensee knows of its existence.
(c) Rights of lessee in ordinary course of business.--A
lessee in ordinary course of business takes its leasehold
interest free of a security interest in the goods created by the
lessor even if the security interest is perfected and the lessee
knows of its existence.
Cross References. Section 9321 is referred to in sections
2A307, 7209, 7503, 9317 of this title.
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