A security interest arising under section 2-401, 2-505, 2-711(3) or 2A-508(5) is subject to this article. 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 article two or two-a; and (4) The security interest has priority over a conflicting security interest created by the debtor. Part 2. Effectiveness Of Security Agreement; Attachment Of Security Interest; Rights Of Parties To Security Agreement. Subpart 1. Effectiveness And Attachment.
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