Section 9-1317 - [Effective Until 7/1/2025] Interests that take priority over or take free of security interest or agricultural lien(1). A security interest or agricultural lien is subordinate to the rights of: (a). A person entitled to priority under section 9-1322; and [1999, c. 699, Pt. A, §2(NEW); 1999, c. 699, Pt. A, §4(AFF).](b). Except as otherwise provided in subsection (5), a person that becomes a lien creditor before the earlier of the time:(i) The security interest or agricultural lien is perfected; or(ii) One of the conditions specified in section 9-1203, subsection (2), paragraph (c) is met and a financing statement covering the collateral is filed. [1999, c. 699, Pt. A, §2(NEW); 1999, c. 699, Pt. A, §4(AFF).] [1999, c. 699, Pt. A, §2(NEW); 1999, c. 699, Pt. A, §4(AFF).]
(2). Except as otherwise provided in subsection (5), a buyer, other than a secured party, of tangible chattel paper, tangible documents, goods, instruments or a certificated security takes free of a security interest or agricultural lien if the buyer gives value and receives delivery of the collateral without knowledge of the security interest or agricultural lien and before it is perfected. [2013, c. 317, Pt. A, §15(AMD).]
(3). Except as otherwise provided in subsection (5), a lessee of goods takes free of a security interest or agricultural lien if the lessee gives value and receives delivery of the collateral without knowledge of the security interest or agricultural lien and before it is perfected. [1999, c. 699, Pt. A, §2(NEW); 1999, c. 699, Pt. A, §4(AFF).]
(4). A licensee of a general intangible or a buyer, other than a secured party, of collateral other than tangible chattel paper, tangible documents, goods, instruments or a certificated security takes free of a security interest if the licensee or buyer gives value without knowledge of the security interest and before it is perfected. [2013, c. 317, Pt. A, §16(AMD).]
(5). Except as otherwise provided in sections 9-1320 and 9-1321, if a person files a financing statement with respect to a purchase-money security interest before or within 20 days after the debtor receives delivery of the collateral, the security interest takes priority over the rights of a buyer, lessee or lien creditor that arise between the time the security interest attaches and the time of filing, unless the collateral is covered by Title 29-A, chapter 7, in which case the security interest takes priority if perfected in accordance with section 9-1303 within 30 days after the debtor receives delivery of the collateral. [2003, c. 652, Pt. A, §1(AMD); 2003, c. 652, Pt. A, §7(AFF).]
Amended by 2013, c. 317,§§ A-15 and A-16, eff. 7/1/2013.1999, c. 699, §A2 (NEW) . 1999, c. 699, §A4 (AFF) . 2003, c. 652, §A1 (AMD) . 2003, c. 652, §A7 (AFF) . 2009, c. 324, Pt. B, §§41, 42 (AMD) . 2009, c. 324, Pt. B, §48 (AFF) .This section is set out more than once due to postponed, multiple, or conflicting amendments.