70A-9a-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, Uniform Commercial Code -- Investment Securities.
(1) 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, Uniform Commercial
Code - Negotiable Instruments, 7a, Uniform Commercial Code - Documents of Title, and 8,
Uniform Commercial Code - Investment Securities.
(2) 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, Uniform
Commercial Code - Investment Securities.
(3) Filing under this chapter does not constitute notice of a claim or defense to the
holders, or purchasers, or persons described in Subsections (1) and (2).
Amended by Chapter 42, 2006 General Session
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Last revised: Thursday, May 28, 2009