400.9-110. Security interests arising under Article 2 or 2A. - Missouri Statutes

Security interests arising under Article 2 or 2A.

400.9-110. A security interest arising under sections 400.2-401,400.2-505, 400.2-711(3) or 400.2A-508(5) is subject to this article.However, until the debtor obtains possession of the goods:

(1) The security interest is enforceable, even if section400.9-203(b)(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 aregoverned by article 2 or 2A; and

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

(L. 1963 p. 503 § 9-110, A.L. 2001 S.B. 288)

Effective 7-01-01