§490:9-319 - Rights and title of consignee with respect to creditors and purchasers.
§490:9-319 Rights and title of consignee
with respect to creditors and purchasers. (a) Except as otherwise
provided in subsection (b), for purposes of determining the rights of creditors
of, and purchasers for value of goods from, a consignee, while the goods are in
the possession of the consignee, the consignee is deemed to have rights and
title to the goods identical to those the consignor had or had power to
transfer.
(b) For purposes of determining the rights of
a creditor of a consignee, law other than this article determines the rights
and title of a consignee while goods are in the consignee's possession if,
under this part, a perfected security interest held by the consignor would have
priority over the rights of the creditor. [L 2000, c 241, pt of §1]