West Virginia § 46-9-110 Security interests arising under article two or two-a

West Virginia Statutes

§ 46-9-110 — Security interests arising under article two or two-a

West Virginia·Ch. 46 UNIFORM COMMERCIAL CODE·Art. 9 SECURED TRANSACTIONS; SALES OF ACCOUNTS AND CHATTEL PAPER

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

(1)The security interest is enforceable, even if section 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 article two or two-a; 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 section 2-401, 2-505, 2-711(3) or 2A-508(5) is subject to this article. However, until the debtor obtains possession of the goods:

(1) The security interest is enforceable, even if section 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 article two or two-a; and

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

West Virginia § 46-9-110 (Security interests arising under article two or two-a) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.