Missouri Revised Statutes













Chapter 400

Uniform Commercial Code

←400.09-336

Section 400.9-337.1

400.09-338→

August 28, 2015

Priority of security interests in goods covered by certificate of title.

400.9-337. If, while a security interest in goods is perfected by any

method under the law of another jurisdiction, this state issues a certificate

of title that does not show that the goods are subject to the security

interest or contain a statement that they may be subject to security

interests not shown on the certificate:



(1) A buyer of the goods, other than a person in the business of selling

goods of that kind, takes free of the security interest if the buyer gives

value and receives delivery of the goods after issuance of the certificate and

without knowledge of the security interest; and



(2) The security interest is subordinate to a conflicting security

interest in the goods that attaches, and is perfected under section

400.9-311(b), after issuance of the certificate and without the conflicting

secured party's knowledge of the security interest.



(L. 2001 S.B. 288)



Effective 7-01-01







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