2016 Vermont Statutes
Title 9A - Uniform Commercial Code
Article 9 - Secured Transactions
§ 9-110 Security interests arising under Article 2 or 2a
§ 9-110. Security interests arising under Article 2 or 2a
A security interest arising under section 2-401, or 2-505, or subsection 2-711(3) or 2A-508(5) of this title is subject to this article. However, until the debtor obtains possession of the goods:
(1) the security interest is enforceable, even if subdivision 9-203(b)(3) of this title 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. (Added 1999, No. 106 (Adj. Sess.), § 2, eff. July 1, 2001.)
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