Tennessee § 47-9-110 Security interests arising under Chapter 2 or 2A

Tennessee Statutes

§ 47-9-110 — Security interests arising under Chapter 2 or 2A

A security interest arising under § 47-2-401 , § 47-2-505 , § 47-2-711(3) , or § 47-2A-508(5) is subject to this chapter. However, until the debtor obtains possession of the goods:

(1)the security interest is enforceable, even if § 47-9-203(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 are governed by Chapter 2 or 2A; and (4) the security interest has priority over a conflicting security interest created by the debtor.

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A security interest arising under § 47-2-401 , § 47-2-505 , § 47-2-711(3) , or § 47-2A-508(5) is subject to this chapter. However, until the debtor obtains possession of the goods: (1) the security interest is enforceable, even if § 47-9-203(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 are governed by Chapter 2 or 2A; and (4) the security interest has priority over a conflicting security interest created by the debtor.

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