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2021 Tennessee Code
Title 47 - Commercial Instruments and Transactions
Chapter 9 - Secured Transactions
Part 1 - General Provisions
§ 47-9-110. Security Interests Arising Under Chapter 2 or 2a
Universal Citation:
TN Code § 47-9-110 (2021)
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This media-neutral citation is based
on the American Association of Law Libraries Universal Citation Guide and is not
necessarily the official citation.
A security interest arising under § 47-2-401, § 47-2-505, § 47-2-711(3), or § 47-2A-508(5) is subject to this chapter. However, until the debtor obtains possession of the goods:
- the security interest is enforceable, even if § 47-9-203(b)(3) has not been satisfied;
- filing is not required to perfect the security interest;
- the rights of the secured party after default by the debtor are governed by Chapter 2 or 2A; and
- the security interest has priority over a conflicting security interest created by the debtor.
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