Idaho Code 28-9-331 – Priority of Rights of Purchasers of Instruments, Documents and Securities Under Other Chapters — Priority of Interests in Financial Assets and Security Entitlements Under Chapter 8
Current as of: 2023 | Check for updates
|
Other versions
(a) This chapter 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 chapters 3, 7 and 8.
(b) This chapter 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 chapter 8.
Terms Used In Idaho Code 28-9-331
- person: includes a corporation as well as a natural person;
Idaho Code 73-114
(c) Filing under this chapter does not constitute notice of a claim or defense to the holders, or purchasers, or persons described in subsections (a) and (b) of this section.