70A-9a-337 - Priority of security interests in goods covered by certificate of title.
70A-9a-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 anotherjurisdiction, this state issues a certificate of title that does not show that the goods are subject tothe security interest or contain a statement that they may be subject to security interests not shownon 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 afterissuance 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 thatattaches, and is perfected under Subsection 70A-9a-311(2), after issuance of the certificate andwithout the conflicting secured party's knowledge of the security interest.
Enacted by Chapter 252, 2000 General Session