Arizona Statutes

§ 47-9323 — Future advances

Arizona·Title 47 Arizona Revised Statutes·Ch. 9 SECURED TRANSACTIONS·Art. 3 Perfection and Priority

A. Except as otherwise provided in subsection C of this section, for purposes of determining the priority of a perfected security interest under section 47-9322, subsection A, paragraph 1, perfection of the security interest dates from the time an advance is made to the extent that the security interest secures an advance that: 1. Is made while the security interest is perfected only:

(a)Under section 47-9309 when it attaches; or
(b)Temporarily under section 47-9312, subsection E, F or G; and 2. Is not made pursuant to a commitment entered into before or while the security interest is perfected by a method other than under section 47-9309 or section 47-9312, subsection E, F or G. B. Except as otherwise provided in subsection C of this section, a security interest is subordinate to t

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

Arizona § 47-9323 (Future advances) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.

Nearby Sections

15
View on official source ↗