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Official Code of Georgia Annotated

Title 11. COMMERCIAL CODE · Chapter 9. · Article 9. SECURED TRANSACTIONS · Part 1. GENERAL PROVISIONS

11-9-110. Security interests arising under Article 2 or 2A of this title.

Active

Current through: Including Acts of the 2025 Regular Session of the General Assembly.

  1. A security interest arising under Code Section 11-2-401 or 11-2-505, subsection (3) of Code Section 11-2-711, or subsection (5) of Code Section 11-2A-508 is subject to this article. However, until the debtor obtains possession of the goods:

  2. (1)

    The security interest is enforceable, even if paragraph (3) of subsection (b) of Code Section 11-9-203 has not been satisfied;#

  3. (2)

    Filing is not required to perfect the security interest;#

  4. (3)

    The rights of the secured party after default by the debtor are governed by Article 2 or 2A of this title; and#

  5. (4)

    The security interest has priority over a conflicting security interest created by the debtor.#

The notes below are printed with the section but are not enacted law (O.C.G.A. § 1-1-1(c)). They are shown apart from the text.

History

Code 1981, § 11-9-110, enacted by Ga. L. 2001, p. 362, § 1.

Read the official page (the state's PDF, opened at the page this text was read from).

Current through: Including Acts of the 2025 Regular Session of the General Assembly.

Text read from t11-(v9)-2022-pdf.pdf, Volume V9, 2022 edition, page 750; merge action: carried; file SHA-256 ad397fccbf21.