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Georgia Commons

Código Oficial de Georgia Anotado

Título 11. COMMERCIAL CODE · Capítulo 9. · Artículo 9. SECURED TRANSACTIONS · Parte 3. PERFECTION AND PRIORITY

11-9-323. Future advances.

Vigente

Actualizado hasta: Including Acts of the 2025 Regular Session of the General Assembly.

El texto siguiente es la ley tal como la imprime el estado, en inglés.

  1. (a)

    When priority based on time of advance. Except as otherwise provided in subsection (b) of this Code section, for purposes of determining the priority of a perfected security interest under paragraph (1) of subsection (a) of Code Section 11-9-322, perfection of the security interest dates from the time an advance is made to the extent that the security interest secures an advance that:#

    1. (1)

      Is made while the security interest is perfected only:#

      1. (A)

        Under Code Section 11-9-309 when it attaches; or#

      2. (B)

        Temporarily under subsection (e), (f), or (g) of Code Section 11-9-312; and#

    2. (2)

      Is not made pursuant to a commitment entered into before or while the security interest is perfected by a method other than under Code Section 11-9-309 or subsection (e), (f), or (g) of Code Section 11-9-312.#

  2. (b)

    Buyer of receivables. Subsection (a) of this Code section does not apply to a security interest held by a secured party that is a buyer of accounts, chattel paper, payment intangibles, or promissory notes or a consignor.#

  3. (c)

    Buyer of goods. Except as otherwise provided in subsection (d) of this Code section, a buyer of goods takes free of a security interest to the extent that it secures advances made after the earlier of:#

    1. (1)

      The time the secured party acquires knowledge of the buyer’s purchase; or#

    2. (2)

      Forty-five days after the purchase.#

  4. (d)

    Advances made pursuant to commitment; priority of buyer of goods. Subsection (c) of this Code section does not apply if the advance is made pursuant to a commitment entered into without knowledge of the buyer’s purchase and before the expiration of the 45 day period.#

  5. (e)

    Lessee of goods. Except as otherwise provided in subsection (f) of this Code section, a lessee of goods takes the leasehold interest free of a security interest to the extent that it secures advances made after the earlier of:#

    1. (1)

      The time the secured party acquires knowledge of the lease; or#

    2. (2)

      Forty-five days after the lease contract becomes enforceable.#

  6. (f)

    Advances made pursuant to commitment; priority of lessee of goods. Subsection (e) of this Code section does not apply if the advance is made pursuant to a commitment entered into without knowledge of the lease and before the expiration of the 45 day period.#

Las notas siguientes se imprimen con la sección, pero no son ley promulgada (O.C.G.A. § 1-1-1(c)). Se muestran aparte del texto.

History

Code 1981, § 11-9-323, enacted by Ga. L. 2001, p. 362, § 1; Ga. L. 2024, p. 817, § 5-63/HB 1240, effective July 1, 2024.

Amendments

The 2024 amendment, effective July 1, 2024, deleted “other than a buyer in ordinary course of business” following “goods” in subsection (c) and deleted “, other than a lessee in ordinary course of business,” following “goods” in subsection (e).

Editor's notes

Ga. L. 2024, p. 817, § 1-1/HB 1240, not codified by the General Assembly, provides: “This Act shall be known and may be cited as the ‘Uniform Commercial Code Modernization Act of 2024.’” Ga. L. 2024, p. 817, § 1-2/HB 1240, not codified by the General Assembly, provides: “Nothing in this Act shall be construed to support, endorse, create, or implement a national digital currency.”

Leer la página oficial (el PDF del estado, abierto en la página de la que se leyó este texto).

Actualizado hasta: Including Acts of the 2025 Regular Session of the General Assembly.

Texto leído de t11-(v9)-pdf.pdf, Volumen V9, edición 2022, suplemento de 2025, páginas 119 a 121; acción de fusión: replaced; SHA-256 del archivo df9393c4ba3b.