679.1101 Security interests arising under chapter 672 or chapter 680.—A security interest arising under s. 672.401, s. 672.505, s. 672.711(3), or s. 680.508(5) is subject to this chapter. However, until the debtor obtains possession of the goods:
(1) The security interest is enforceable, even if s. 679.2031(2)(c) 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 chapter 672 or chapter 680; and
(4) The security interest has priority over a conflicting security interest created by the debtor.
History.—s. 1, ch. 2001-198.
Section: Previous 679.1011 679.1021 679.1031 679.1041 679.1051 679.1061 679.1071 679.1081 679.1091 679.1101Last modified: September 23, 2016