Sec. 9.110. SECURITY INTERESTS ARISING UNDER CHAPTER 2 OR 2A . A security interest arising under Section 2.401 , 2.505 , 2.711 (c), or 2A.508 (e) is subject to this chapter. However, until the debtor obtains possession of the goods: (1) the security interest is enforceable, even if Section 9.203 (b)(3) 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 Chapter 2 or 2A ; and (4) the security interest has priority over a conflicting security interest created by the debtor.
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