Security Interests Arising Under Chapter 2 or 2a

  1. Law
  2. Tennessee Code
  3. Commercial Instruments and Transactions
  4. Secured Transactions
  5. General Provisions
  6. Security Interests Arising Under Chapter 2 or 2a

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A security interest arising under §47-2-401, §47-2-505, §47-2-711(3), or §47-2A-508(5) is subject to this chapter. However, until the debtor obtains possession of the goods:

  1. the security interest is enforceable, even if § 47-9-203(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 Chapter 2 or 2A; and
  4. the security interest has priority over a conflicting security interest created by the debtor.


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