7-9A-322
Section 7-9A-322 Priorities among conflicting security interests in and agricultural
liens on same collateral. (a) General priority rules. Except as otherwise provided in this
section, priority among conflicting security interests and agricultural liens in the
same collateral is determined according to the following rules: (1) Conflicting perfected
security interests and agricultural liens rank according to priority in time of filing or
perfection. Priority dates from the earlier of the time a filing covering the collateral is
first made or the security interest or agricultural lien is first perfected, if there is no
period thereafter when there is neither filing nor perfection. (2) A perfected security interest
or agricultural lien has priority over a conflicting unperfected security interest or agricultural
lien. (3) The first security interest or agricultural lien to attach or become effective has
priority if conflicting security interests and agricultural liens are unperfected. (b)...

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7-9A-317
Section 7-9A-317 Interests that take priority over or take free of security interest
or agricultural lien. (a) Conflicting security interests and rights of lien creditors. A security
interest or agricultural lien is subordinate to the rights of: (1) a person entitled to priority
under Section 7-9A-322; and (2) except as otherwise provided in subsection (e), a person
that becomes a lien creditor before the earlier of the time: (A) the security interest or
agricultural lien is perfected; or (B) one of the conditions specified in Section 7-9A-203(b)(3)
is met and a financing statement covering the collateral is filed. (b) Buyers that receive
delivery. Except as otherwise provided in subsection (e), 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...
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7-9A-338
Section 7-9A-338 Priority of security interest or agricultural lien perfected by filed
financing statement providing certain incorrect information. If a security interest or agricultural
lien is perfected by a filed financing statement providing information described in Section
7-9A-516(b)(5) which is incorrect at the time the financing statement is filed: (1) the security
interest or agricultural lien is subordinate to a conflicting perfected security interest
in the collateral to the extent that the holder of the conflicting security interest gives
value in reasonable reliance upon the incorrect information; and (2) a purchaser, other than
a secured party, of the collateral takes free of the security interest or agricultural lien
to the extent that, in reasonable reliance upon the incorrect information, the purchaser gives
value and, in the case of tangible chattel paper, tangible documents, goods, instruments,
or a security certificate, receives delivery of the collateral. (Act...
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7-9A-509
Section 7-9A-509 Persons entitled to file a record. (a) Person entitled to file record.
A person may file an initial financing statement, amendment that adds collateral covered by
a financing statement, or amendment that adds a debtor to a financing statement only if: (1)
the debtor authorizes the filing in an authenticated record or pursuant to subsection (b)
or (c); or (2) the person holds an agricultural lien that has become effective at the time
of filing and the financing statement covers only collateral in which the person holds an
agricultural lien. (b) Security agreement as authorization. By authenticating or becoming
bound as debtor by a security agreement, a debtor or new debtor authorizes the filing of an
initial financing statement, and an amendment, covering: (1) the collateral described in the
security agreement; and (2) property that becomes collateral under Section 7-9A-315(a)(2),
whether or not the security agreement expressly covers proceeds. (c) Acquisition of...
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7-9A-102
Section 7-9A-102 Definitions and index of definitions. (a) Article 9A definitions. In
this article: (1) "Accession" means goods that are physically united with other
goods in such a manner that the identity of the original goods is not lost. (2) "Account,"
except as used in "account for," means a right to payment of a monetary obligation,
whether or not earned by performance, (i) for property that has been or is to be sold, leased,
licensed, assigned, or otherwise disposed of, (ii) for services rendered or to be rendered,
(iii) for a policy of insurance issued or to be issued, (iv) for a secondary obligation incurred
or to be incurred, (v) for energy provided or to be provided, (vi) for the use or hire of
a vessel under a charter or other contract, (vii) arising out of the use of a credit or charge
card or information contained on or for use with the card, or (viii) as winnings in a lottery
or other game of chance operated or sponsored by a State, governmental unit of a State, or...

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7-9A-310
Section 7-9A-310 When filing required to perfect security interest or agricultural lien;
security interests and agricultural liens to which filing provisions do not apply. (a) General
rule: Perfection by filing. Except as otherwise provided in subsection (b) and Section
7-9A-312(b), a financing statement must be filed to perfect all security interests and agricultural
liens. (b) Exceptions: Filing not necessary. The filing of a financing statement is not necessary
to perfect a security interest: (1) that is perfected under Section 7-9A-308(d), (e),
(f), or (g); (2) that is perfected under Section 7-9A-309 when it attaches; (3) in
property subject to a statute, regulation, or treaty described in Section 7-9A-311(a);
(4) in goods in possession of a bailee which is perfected under Section 7-9A-312(d)(1)
or (2); (5) in certificated securities, documents, goods, or instruments which is perfected
without filing, control, or possession under Section 7-9A-312(e), (f), or (g); (6)
in collateral...
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7-9A-315
Section 7-9A-315 Secured party's rights on disposition of collateral and in proceeds.
(a) Disposition of collateral: Continuation of security interest or agricultural lien; proceeds.
Except as otherwise provided in this article and in Section 7-2-403(2): (1) a security
interest or agricultural lien continues in collateral notwithstanding sale, lease, license,
exchange, or other disposition thereof unless the secured party authorized the disposition
free of the security interest or agricultural lien; and (2) a security interest attaches to
any identifiable proceeds of collateral. (b) When commingled proceeds identifiable. Proceeds
that are commingled with other property are identifiable proceeds: (1) if the proceeds are
goods, to the extent provided by Section 7-9A-336; and (2) if the proceeds are not
goods, to the extent that the secured party identifies the proceeds by a method of tracing,
including application of equitable principles, that is permitted under law other than this...

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7-9A-328
Section 7-9A-328 Priority of security interests in investment property. The following
rules govern priority among conflicting security interests in the same investment property:
(1) A security interest held by a secured party having control of investment property under
Section 7-9A-106 has priority over a security interest held by a secured party that
does not have control of the investment property. (2) Except as otherwise provided in paragraphs
(3) and (4), conflicting security interests held by secured parties each of which has control
under Section 7-9A-106 rank according to priority in time of: (A) if the collateral
is a security, obtaining control; (B) if the collateral is a security entitlement carried
in a securities account and: (i) if the secured party obtained control under Section
7-8-106(d)(1), the secured party's becoming the person for which the securities account is
maintained; (ii) if the secured party obtained control under Section 7-8-106(d)(2),
the securities...
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7-9A-501
Section 7-9A-501 Filing office. (a) Filing offices. Except as otherwise provided in
subsection (b), if the local law of this State governs perfection of a security interest or
agricultural lien, the office in which to file a financing statement to perfect the security
interest or agricultural lien is: (1) the office designated for the filing or recording of
a record of a mortgage on the related real property, if: (A) the collateral is as-extracted
collateral or timber to be cut; or (B) the financing statement is filed as a fixture filing
and the collateral is goods that are or are to become fixtures; or (2) the office of the Secretary
of State, in all other cases, including a case in which the collateral is goods that are or
are to become fixtures and the financing statement is not filed as a fixture filing. (b) Filing
office for transmitting utilities. The office in which to file a financing statement to perfect
a security interest in collateral, including fixtures, of a transmitting...
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7-9A-709
Section 7-9A-709 Priority. (a) Law governing priority. This article determines the priority
of conflicting claims to collateral. However, if the relative priorities of the claims were
established before January 1, 2002, former Article 9 determines priority. (b) Priority if
security interest becomes enforceable under Section 7-9A-203. For purposes of Section
7-9A-322(a), the priority of a security interest that becomes enforceable under Section
7-9A-203 of this article dates from January 1, 2002 if the security interest is perfected
under this article by the filing of a financing statement before January 1, 2002, which would
not have been effective to perfect the security interest under former Article 9. This subsection
does not apply to conflicting security interests each of which is perfected by the filing
of such a financing statement. (Act 2001-481, p. 647, §1.)...
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