TITLE 6A

Uniform Commercial Code

CHAPTER 6A-9

Secured Transactions

PART 6A-9-301

Perfection and Priority

SECTION 6A-9-337



   § 6A-9-337  Priority of security interests

in goods covered by certificate of title. –

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 §

6A-9-311(b), after issuance of the certificate and without the conflicting

secured party's knowledge of the security interest.



History of Section.

(P.L. 2000, ch. 182, § 6; P.L. 2000, ch. 420, § 6.)