Sec. 42a-9-331. Priority of rights of purchasers of instruments, documents and securities under other articles. Priority of interests in financial assets and security entitlements under article 8.
Sec. 42a-9-331. Priority of rights of purchasers of instruments, documents and
securities under other articles. Priority of interests in financial assets and security
entitlements under article 8. (a) This article does not limit the rights of a holder in due
course of a negotiable instrument, a holder to which a negotiable document of title has
been duly negotiated or a protected purchaser of a security. These holders or purchasers
take priority over an earlier security interest, even if perfected, to the extent provided
in articles 3, 7 and 8.
(b) This article does not limit the rights of or impose liability on a person to the
extent that the person is protected against the assertion of a claim under article 8.
(c) Filing under this article does not constitute notice of a claim or defense to the
holders, or purchasers, or persons described in subsections (a) and (b).
(P.A. 01-132, S. 51.)