§ 44-9-54 - Validity of liens. - Rhode-island Statutes

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Statutes > Rhode-island > Title-44 > Chapter-44-9 > 44-9-54

SECTION 44-9-54

§ 44-9-54 Validity of liens. – Even though notice of a lien has been filed by a municipality, the lien is notvalid:

(1) With respect to tangible personal property purchased atretail, as against a purchaser in the ordinary course of the seller's trade orbusiness, unless at the time of the purchase the purchaser intends the purchaseto, or knows the purchase will, hinder, evade, or defeat the collection of anytax under part 6 of chapter 9 of title 6A.

(2) With respect to a purchase money security interest, ifthe purchase money security interest would be prior to a conflicting securityinterest in the same collateral under § 6A-9-324.

State Codes and Statutes

Statutes > Rhode-island > Title-44 > Chapter-44-9 > 44-9-54

SECTION 44-9-54

§ 44-9-54 Validity of liens. – Even though notice of a lien has been filed by a municipality, the lien is notvalid:

(1) With respect to tangible personal property purchased atretail, as against a purchaser in the ordinary course of the seller's trade orbusiness, unless at the time of the purchase the purchaser intends the purchaseto, or knows the purchase will, hinder, evade, or defeat the collection of anytax under part 6 of chapter 9 of title 6A.

(2) With respect to a purchase money security interest, ifthe purchase money security interest would be prior to a conflicting securityinterest in the same collateral under § 6A-9-324.

State Codes and Statutes

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State Codes and Statutes

Statutes > Rhode-island > Title-44 > Chapter-44-9 > 44-9-54

SECTION 44-9-54

§ 44-9-54 Validity of liens. – Even though notice of a lien has been filed by a municipality, the lien is notvalid:

(1) With respect to tangible personal property purchased atretail, as against a purchaser in the ordinary course of the seller's trade orbusiness, unless at the time of the purchase the purchaser intends the purchaseto, or knows the purchase will, hinder, evade, or defeat the collection of anytax under part 6 of chapter 9 of title 6A.

(2) With respect to a purchase money security interest, ifthe purchase money security interest would be prior to a conflicting securityinterest in the same collateral under § 6A-9-324.