§ 6A-9-317 Interests that take priorityover or take free of security interest or agricultural lien. – (a) Conflicting security interests and rights of lien creditors. Asecurity interest or agricultural lien is subordinate to the rights of:
(1) A person entitled to priority under § 6A-9-322; and
(2) Except as otherwise provided in subsection (e), a personthat becomes a lien creditor before the earlier of the time: (i) the securityinterest or agricultural lien is perfected; or (ii) one of the conditionsspecified in § 6A-9-203(b)(3) is met and a financing statement coveringthe collateral is filed.
(b) Buyers that receive delivery. Except as otherwiseprovided in subsection (e), a buyer, other than a secured party, of tangiblechattel paper, tangible documents, goods, instruments, or a securitycertificate takes free of a security interest or agricultural lien if the buyergives value and receives delivery of the collateral without knowledge of thesecurity interest or agricultural lien and before it is perfected.
(c) Lessees that receive delivery. Except as otherwiseprovided in subsection (e), a lessee of goods takes free of a security interestor agricultural lien if the lessee gives value and receives delivery of thecollateral without knowledge of the security interest or agricultural lien andbefore it is perfected.
(d) Licensees and buyers of certain collateral. Alicensee of a general intangible or a buyer, other than a secured party, ofaccounts, electronic chattel paper, electronic documents, general intangibles,or investment property other than a certificated security takes free of asecurity interest if the licensee or buyer gives value without knowledge of thesecurity interest and before it is perfected.
(e) Purchase-money security interest. Except asotherwise provided in §§ 6A-9-320 and 6A-9-321, if a person files afinancing statement with respect to a purchase-money security interest beforeor within 20 days after the debtor receives delivery of the collateral, thesecurity interest takes priority over the rights of a buyer, lessee, or liencreditor which arise between the time the security interest attaches and thetime of filing.
§ 6A-9-317 Interests that take priorityover or take free of security interest or agricultural lien. – (a) Conflicting security interests and rights of lien creditors. Asecurity interest or agricultural lien is subordinate to the rights of:
(1) A person entitled to priority under § 6A-9-322; and
(2) Except as otherwise provided in subsection (e), a personthat becomes a lien creditor before the earlier of the time: (i) the securityinterest or agricultural lien is perfected; or (ii) one of the conditionsspecified in § 6A-9-203(b)(3) is met and a financing statement coveringthe collateral is filed.
(b) Buyers that receive delivery. Except as otherwiseprovided in subsection (e), a buyer, other than a secured party, of tangiblechattel paper, tangible documents, goods, instruments, or a securitycertificate takes free of a security interest or agricultural lien if the buyergives value and receives delivery of the collateral without knowledge of thesecurity interest or agricultural lien and before it is perfected.
(c) Lessees that receive delivery. Except as otherwiseprovided in subsection (e), a lessee of goods takes free of a security interestor agricultural lien if the lessee gives value and receives delivery of thecollateral without knowledge of the security interest or agricultural lien andbefore it is perfected.
(d) Licensees and buyers of certain collateral. Alicensee of a general intangible or a buyer, other than a secured party, ofaccounts, electronic chattel paper, electronic documents, general intangibles,or investment property other than a certificated security takes free of asecurity interest if the licensee or buyer gives value without knowledge of thesecurity interest and before it is perfected.
(e) Purchase-money security interest. Except asotherwise provided in §§ 6A-9-320 and 6A-9-321, if a person files afinancing statement with respect to a purchase-money security interest beforeor within 20 days after the debtor receives delivery of the collateral, thesecurity interest takes priority over the rights of a buyer, lessee, or liencreditor which arise between the time the security interest attaches and thetime of filing.
§ 6A-9-317 Interests that take priorityover or take free of security interest or agricultural lien. – (a) Conflicting security interests and rights of lien creditors. Asecurity interest or agricultural lien is subordinate to the rights of:
(1) A person entitled to priority under § 6A-9-322; and
(2) Except as otherwise provided in subsection (e), a personthat becomes a lien creditor before the earlier of the time: (i) the securityinterest or agricultural lien is perfected; or (ii) one of the conditionsspecified in § 6A-9-203(b)(3) is met and a financing statement coveringthe collateral is filed.
(b) Buyers that receive delivery. Except as otherwiseprovided in subsection (e), a buyer, other than a secured party, of tangiblechattel paper, tangible documents, goods, instruments, or a securitycertificate takes free of a security interest or agricultural lien if the buyergives value and receives delivery of the collateral without knowledge of thesecurity interest or agricultural lien and before it is perfected.
(c) Lessees that receive delivery. Except as otherwiseprovided in subsection (e), a lessee of goods takes free of a security interestor agricultural lien if the lessee gives value and receives delivery of thecollateral without knowledge of the security interest or agricultural lien andbefore it is perfected.
(d) Licensees and buyers of certain collateral. Alicensee of a general intangible or a buyer, other than a secured party, ofaccounts, electronic chattel paper, electronic documents, general intangibles,or investment property other than a certificated security takes free of asecurity interest if the licensee or buyer gives value without knowledge of thesecurity interest and before it is perfected.
(e) Purchase-money security interest. Except asotherwise provided in §§ 6A-9-320 and 6A-9-321, if a person files afinancing statement with respect to a purchase-money security interest beforeor within 20 days after the debtor receives delivery of the collateral, thesecurity interest takes priority over the rights of a buyer, lessee, or liencreditor which arise between the time the security interest attaches and thetime of filing.
