Security Interests Arising Under Article 2 or 2a of This Title

  1. Law
  2. Georgia Code
  3. Commercial Code
  4. Secured Transactions
  5. General Provisions
  6. Security Interests Arising Under Article 2 or 2a of This Title

Checkout our iOS App for a better way to browser and research.

A security interest arising under Code Section 11-2-401 or 11-2-505, subsection (3) of Code Section 11-2-711, or subsection (5) of Code Section 11-2A-508 is subject to this article. However, until the debtor obtains possession of the goods:

  1. The security interest is enforceable, even if paragraph (3) of subsection (b) of Code Section 11-9-203 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 2 or 2A of this title; and
  4. The security interest has priority over a conflicting security interest created by the debtor.

(Code 1981, §11-9-110, enacted by Ga. L. 2001, p. 362, § 1.)

RESEARCH REFERENCES

U.L.A.

- Uniform Commercial Code (U.L.A.) § 9-110.


Download our app to see the most-to-date content.