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§ 47-9110 Security interests arising under sales and leases

AZ Rev Stat § 47-9110 (2019) (N/A)
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47-9110. Security interests arising under sales and leases

A security interest arising under section 47-2401 or 47-2505 or section 47-2711, subsection C or section 47-2A508, subsection E is subject to this chapter. However, until the debtor obtains possession of the goods:

1. The security interest is enforceable, even if section 47-9203, subsection B, paragraph 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 of this title; and

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

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§ 47-9201 General effectiveness of security agreement