§490:9-331 - Priority of rights of purchasers of instruments, documents, and securities under other articles; priority of interests in financial assets and security entitlements under article 8.
§490:9-331 Priority of rights of purchasers
of instruments, documents, and securities under other articles; priority of
interests in financial assets and security entitlements under article 8.
(a) This article does not limit the rights of a holder in due course of a
negotiable instrument, a holder to which a negotiable document of title has
been duly negotiated, or a protected purchaser of a security. These holders or
purchasers take priority over an earlier security interest, even if perfected,
to the extent provided in articles 3, 7, and 8.
(b) This article does not limit the rights of
or impose liability on a person to the extent that the person is protected
against the assertion of a claim under article 8.
(c) Filing under this article does not constitute
notice of a claim or defense to the holders, or purchasers, or persons
described in subsections (a) and (b). [L 2000, c 241, pt of §1]