A security interest arising under section 2401 (relating to passing of title; reservation for security; limited application of section), 2505 (relating to shipment by seller under reservation), 2711(c) (relating to security interest of buyer in rejected goods) or 2A508(e) (relating to security interest in goods in lessee's possession) is subject to this division. However, until the debtor obtains possession of the goods: (1) the security interest is enforceable, even if section 9203(b)(3) (relating to enforceability) 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 Division 2 (relating to sales) or 2A (relating to leases); and (4) the security interest has priority over a conflicting security interest created by the debtor. CHAPTER 92 EFFECTIVENESS OF SECURITY AGREEMENT, ATTACHMENT OF SECURITY INTEREST AND RIGHTS OF PARTIES TO SECURITY AGREEMENT Subchapter A. Effectiveness and Attachment B. Rights and Duties Prior Provisions. Former Chapter 92, which related to validity of security agreement and rights of parties thereto, was added November 1, 1979, P.L.255, No.86, and repealed June 8, 2001, P.L.123, No.18, effective July 1, 2001. SUBCHAPTER A EFFECTIVENESS AND ATTACHMENT Sec. 9201. General effectiveness of security agreement. 9202. Title to collateral immaterial. 9203. Attachment and enforceability of security interest; proceeds; supporting obligations; formal requisites. 9204. After-acquired property; future advances. 9205. Use or disposition of collateral permissible. 9206. Security interest arising in purchase or delivery of financial asset.
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