Section 75-9-110 - Security interests arising under Article 2 or 2AA security interest arising under Section 75-2-401, 75-2-505, 75-2-711(3), or 75-2A-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 75-9-203(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.Former 1972 Code § 75-9-110 [Codes, 1942, § 41A:9-110; Laws, 1966, ch. 316, § 9-110] is now found in comparable provisions enacted at § 75-9-108 by Laws, 2001, ch. 495, § 1. Present § 75-9-110 derived from former 1972 Code § 75-9-113 [Codes, 1942, § 41A:9-113; Laws, 1966, ch. 316, § 9-113; Laws, 1994, ch. 445, § 4] and was enacted by Laws, 2001, ch. 495, § 1, eff. 1/1/2002.