1997 Minnesota Statutes

     336.9-309 Protection of purchasers of instruments, 
  documents, and securities. 

    Nothing in this article limits the rights of a holder in 
 due course of a negotiable instrument (section 336.3-302) or a 
 holder to whom a negotiable document of title has been duly 
 negotiated (section 336.7-501) or a protected purchaser of a 
 security (section 336.8-303) and the 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 the holders or purchasers. 

    HIST: 1965 c 811 s 336.9-309; 1978 c 695 s 53; 1995 c 194 art 
 2 s 12