§ 8.9A-331. Priority of rights of purchasers of instruments, documents, and securities under other titles, prio...
(a) Rights under Titles 8.3A, 8.7, and 8.8A not limited. This title does not limit the rights of a holder in due course of a negotiable instrument, a holder to which a negotiable document of title has been duly negotiated, or a protected purchaser of a security. These holders or purchasers take priority over an earlier security interest, even if perfected, to the extent provided in Titles 8.3A, 8.7, and 8.8A.
(b) Protection under Title 8.8A. This title does not limit the rights of or impose liability on a person to the extent that the person is protected against the assertion of a claim under Title 8.8A.
(c) Filing not notice. Filing under this title does not constitute notice of a claim or defense to the holders, or purchasers, or persons described in subsections (a) and (b).
(Code 1950, § 6-558; 1964, c. 219, § 8.9-309; 1984, c. 613; 1996, c. 216; 2000, c. 1007.)Sections: Previous 8.9A-324 8.9A-325 8.9A-326 8.9A-327 8.9A-328 8.9A-329 8.9A-330 8.9A-331 8.9A-332 8.9A-333 8.9A-334 8.9A-335 8.9A-336 8.9A-337 8.9A-338 Next
Last modified: April 3, 2009