Security interests arising under Article 2 or 2A

  1. Law
  2. US Virgin Islands Code
  3. Uniform Commercial Code
  4. Secured Transactions
  5. General Provisions
  6. Applicability of Article 2 or 2a
  7. Security interests arising under Article 2 or 2A

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

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

    • (1) the security interest is enforceable, even if § 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 Article 2 or 2A; and

    • (4) the security interest has priority over a conflicting security interest created by the debtor.


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