Except as otherwise provided in sections 47-9303 through 47-9306, the following rules determine the law governing perfection, the effect of perfection or nonperfection and the priority of a security interest in collateral:
1. Except as otherwise provided in this section, while a debtor is located in a jurisdiction, the local law of that jurisdiction governs perfection, the effect of perfection or nonperfection and the priority of a security interest in collateral.
2. While collateral is located in a jurisdiction, the local law of that jurisdiction governs perfection, the effect of perfection or nonperfection and the priority of a possessory security interest in that collateral.
3. Except as otherwise provided in paragraph 4 of this section, while tangible negotiable documents, goods, instruments, money or tangible chattel paper is located in a jurisdiction, the local law of that jurisdiction governs:
(a) Perfection of a security interest in the goods by filing a fixture filing;
(b) Perfection of a security interest in timber to be cut; and
(c) The effect of perfection or nonperfection and the priority of a nonpossessory security interest in the collateral.
4. The local law of the jurisdiction in which the wellhead or minehead is located governs perfection, the effect of perfection or nonperfection and the priority of a security interest in as-extracted collateral.
Notes of Decisions
Prairie State Bank v. Internal Revenue Serv., 745 P.2d 966 (Ariz. Ct. App. 1987).
· cites it 15× “" A.R.S. § 47-9301 provides in part: C. A "lien creditor" means a creditor who has acquired a lien on the property involved by attachment, levy or the like.”
Snap-On Tools Corp. v. Rice, 781 P.2d 76 (Ariz. Ct. App. 1989).
· cites it 6× “” A.R.S. § 47-9301 does not mandate good faith; it only requires that delivery be taken without actual knowledge of Snap-On’s security interest.”
Mur-Ray Mgmt. Corp. v. Founders Title Co., 819 P.2d 1003 (Ariz. Ct. App. 1991).
· cites it 2× “” A.R.S. § 47-9301(A)(3). These issues therefore remain in the case: (1) are defendants holders in due course? (2) If they are not, did plaintiffs fail to perfect their security interest, and did defendants not purchase in the ordinary course of business, and did defendants…”
— Ariz. Rev. Stat. § 47-9301(1) — 1 case
— Ariz. Rev. Stat. § 47-9301(A) — 1 case
Snap-On Tools Corp. v. Rice, 781 P.2d 76 (Ariz. Ct. App. 1989).
“” A.R.S. § 47-9301 does not mandate good faith; it only requires that delivery be taken without actual knowledge of Snap-On’s security interest.”
— Ariz. Rev. Stat. § 47-9301(A)(2) — 1 case
— Ariz. Rev. Stat. § 47-9301(A)(3) — 2 cases
Mur-Ray Mgmt. Corp. v. Founders Title Co., 819 P.2d 1003 (Ariz. Ct. App. 1991).
“” A.R.S. § 47-9301(A)(3). These issues therefore remain in the case: (1) are defendants holders in due course? (2) If they are not, did plaintiffs fail to perfect their security interest, and did defendants not purchase in the ordinary course of business, and did defendants…”
Snap-On Tools Corp. v. Rice, 781 P.2d 76 (Ariz. Ct. App. 1989).
“” A.R.S. § 47-9301 does not mandate good faith; it only requires that delivery be taken without actual knowledge of Snap-On’s security interest.”
— Ariz. Rev. Stat. § 47-9301(C) — 1 case
Prairie State Bank v. Internal Revenue Serv., 745 P.2d 966 (Ariz. Ct. App. 1987).
“" A.R.S. § 47-9301 provides in part: C. A "lien creditor" means a creditor who has acquired a lien on the property involved by attachment, levy or the like.”
Annotations are extracted automatically from the opinions in the
Syfert caselaw corpus and ranked by authority, recency, and
treatment. Dots show Syfertize treatment of the citing case itself.