Montana § 30-9A-110 Security Interests Arising Under Chapter 2 Or 2a

Montana Statutes

§ 30-9A-110 — Security Interests Arising Under Chapter 2 Or 2a

Montana·Title 30 TRADE AND COMMERCE·Ch. 9A UNIFORM COMMERCIAL CODE SECURED TRANSACTIONS·Part 1 General Provisions

30-9A-110 . Security interests arising under chapter 2 or 2A. A security interest arising under 30-2-401 , 30-2-505 , 30-2-711 (3), or 30-2A-508 (5) is subject to this chapter. However, until the debtor obtains possession of the goods:

(1)the security interest is enforceable, even if the requirements of 30-9A-203 (2)(c) have not been met;

(2)filing is not required to perfect the security interest;

(3)the rights of the secured party on default by the debtor are governed by chapter 2 or 2A, as applicable; and

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

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30-9A-110 . Security interests arising under chapter 2 or 2A. A security interest arising under 30-2-401 , 30-2-505 , 30-2-711 (3), or 30-2A-508 (5) is subject to this chapter. However, until the debtor obtains possession of the goods:
(1) the security interest is enforceable, even if the requirements of 30-9A-203 (2)(c) have not been met;
(2) filing is not required to perfect the security interest;
(3) the rights of the secured party on default by the debtor are governed by chapter 2 or 2A, as applicable; and
(4) the security interest has priority over a conflicting security interest created by the debtor.

Montana § 30-9A-110 (Security Interests Arising Under Chapter 2 Or 2a) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.