Nothing in this article limits the rights of a holder in due course of a negotiable instrument (section 28:3-302) or a holder to whom a negotiable document of title has been duly negotiated (section 28:7-501) or a protected purchaser of a security and such holders or purchasers take priority over an earlier security interest even though perfected. Filing under this article does not constitute notice of the security interest to such holders or purchasers.
CREDIT(S)
(Dec. 30, 1963, 77 Stat. 758, Pub. L. 88-243, § 1; Mar. 16, 1993, D.C. Law 9-196, § 5(g), 39 DCR 9165; Apr. 9, 1997, D.C. Law 11-240, § 3(q), 44 DCR 1087.)
HISTORICAL AND STATUTORY NOTES
Prior Codifications
1981 Ed., § 28:9-309.
1973 Ed., § 28:9-309.
Legislative History of Laws
For legislative history of D.C. Law 9-196, see Historical and Statutory Notes following § 28:9-103.
For legislative history of D.C. Law 11-240, see Historical and Statutory Notes following § 28:9-301.
For Law 13-201, see notes following § 28:9-101.