Arizona Statutes

§ 47-9110 — Security interests arising under sales and leases

Arizona·Title 47 Arizona Revised Statutes·Ch. 9 SECURED TRANSACTIONS·Art. 1 General Provisions

A security interest arising under section 47-2401 or 47-2505 or section 47-2711, subsection C or section 47-2A508, subsection E is subject to this chapter. However, until the debtor obtains possession of the goods:

1.The security interest is enforceable, even if section 47-9203, subsection B, paragraph 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 are governed by chapter 2 or 2A of this title; and
4.The security interest has priority over a conflicting security interest created by the debtor.

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Related

In Re General Associated Investors Ltd. Partnership
150 B.R. 756 (D. Arizona, 1993)
10 case citations
Garcia v. Dealers Auto
(Court of Appeals of Arizona, 2023)

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