Del. Code tit. 6 § 9-110

Current through 2024 Legislative Session Act Chapter 254
Section 9-110 - Security interests arising under Article 2 or 2A

A security interest arising under Section 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 Section 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.

6 Del. C. § 9-110

72 Del. Laws, c. 401, § 1.;