(a) This article does not limit the rights of a holder in due course of a negotiable instrument, a holder to which a negotiable document of title has been duly negotiated, or a protected purchaser of a security. These holders or purchasers take priority over an earlier security interest, even if perfected, to the extent provided in articles 3, 7, and 8 of this title.
This article does not limit the rights of or impose liability on a person to the extentthat the person is protected against the assertion of a claim under article 8 of this title.
Filing under this article does not constitute notice of a claim or defense to the holders, or purchasers, or persons described in subsections (a) and (b) of this section.
Source: L. 2001: Entire article R&RE, p. 1365, § 1, effective July 1. L. 2002: (b) amended, p. 938, § 6, effective August 7.
Editor's note: This section is similar to former § 4-9-309 as it existed prior to 2001.