Security interests arising under Chapter 2 or 2a.

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  • (1) the security interest is enforceable, even if Subsection 70A-9a-203(2)(c) 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, Uniform Commercial Code - Sales or Chapter 2a, Uniform Commercial Code - Leases; and
  • (4) the security interest has priority over a conflicting security interest created by the debtor.




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