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Texas Business & Commerce Code - Section 9.337. Priority Of Security Interests In Goods Covered By Certificate Of Title

Legal Research Home > Texas Lawyer > Business & Commerce Code > Texas Business & Commerce Code - Section 9.337. Priority Of Security Interests In Goods Covered By Certificate Of Title

§ 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 Section 9.311(b), after issuance of the certificate 
and without the conflicting secured party's knowledge of the 
security interest.

Added by Acts 1999, 76th Leg., ch. 414, § 1.01, eff. July 1, 
2001.       

Last modified: August 10, 2007