2025 Session
Last amended: 2000 session
§ 336.9-110 — Security Interests Arising Under Article 2 or 2a
Plain-Language Summary
A security interest arising under Articles 2, 2A, or 4 is subject to Article 9, but certain filing and notification requirements do not apply.
336.9-110 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:
History: History:
2000 c 399 art 1 s 10
Practical Notes
Security interests that arise automatically from sales, lease, or banking transactions are covered by Article 9 but with simplified rules.