Arizona § 47-9320 Buyer of goods

Arizona Statutes

§ 47-9320 — Buyer of goods

Arizona § 47-9320

Title 47Arizona Revised Statutes

Ch. 9SECURED TRANSACTIONS

Art. 3Perfection and Priority

This text of Arizona § 47-9320 (Buyer of goods) is published on Counsel Stack Legal Research, covering Arizona primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Ariz. Rev. Stat. Ann. § 47-9320 (2026).

Text

A.Except as otherwise provided in subsection E of this section, a buyer in ordinary course of business, other than a person buying farm products from a person engaged in farming operations, takes free of a security interest created by the buyer's seller, even if the security interest is perfected and the buyer knows of its existence.

B.Except as otherwise provided in subsection E of this section, a buyer of goods from a person who used or bought the goods for use primarily for personal, family or household purposes takes free of a security interest, even if perfected, if the buyer buys:

1.Without knowledge of the security interest;

2.For value;

3.Primarily for the buyer's personal, family or household purposes; and

4.Before the filing of a financing statement covering the goods.

Free access — add to your briefcase to read the full text and ask questions with AI

A. Except as otherwise provided in subsection E of this section, a buyer in ordinary course of business, other than a person buying farm products from a person engaged in farming operations, takes free of a security interest created by the buyer's seller, even if the security interest is perfected and the buyer knows of its existence.

B. Except as otherwise provided in subsection E of this section, a buyer of goods from a person who used or bought the goods for use primarily for personal, family or household purposes takes free of a security interest, even if perfected, if the buyer buys:

1. Without knowledge of the security interest;

2. For value;

3. Primarily for the buyer's personal, family or household purposes; and

4. Before the filing of a financing statement covering the goods.

C. To the extent that it affects the priority of a security interest over a buyer of goods under subsection B of this section, the period of effectiveness of a filing made in the jurisdiction in which the seller is located is governed by section 47-9316, subsections A and B.

D. A buyer in ordinary course of business buying oil, gas or other minerals at the wellhead or minehead or after extraction takes free of an interest arising out of an encumbrance.

E. Subsections A and B of this section do not affect a security interest in goods in the possession of the secured party under section 47-9313.