47-9110. Security interests arising under
sales and leases


A security interest arising under section 47-2401 or 47-2505 or section 47-2711,
subsection C or section 47-2A508, subsection E is subject to this chapter. However,
until the debtor obtains possession of the goods:


1. The security interest is enforceable, even if section 47-9203, subsection B,
paragraph 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
chapter 2 or 2A of this title; and


4. The security interest has priority over a conflicting security interest created
by the debtor.