2000 Minnesota Statutes

     336.9-110 Security interests arising under article 2 or 
  2a. 

    A security interest arising under section 336.2-401, 
 336.2-505, 336.2-711(3), or 336.2A-508(5) is subject to this 
 article.  However, until the debtor obtains possession of the 
 goods: 

    (1) the security interest is enforceable, even if section 
 336.9-203(b)(3) has not been satisfied; 

    (2) filing is not required to perfect the security 
 interest; 

    (3) the rights of the secured party after default by the 
 debtor are governed by article 2 or 2A; and 

    (4) the security interest has priority over a conflicting 
 security interest created by the debtor. 

    HIST: 2000 c 399 art 1 s 10 

*   NOTE:  This section, as added by Laws 2000, chapter 399, 
*article 1, section 10, is effective July 1, 2001.  Laws 2000, 
*chapter 399, article 1, section 130. 

*   NOTE:  Minnesota Statutes 1998, section 336.9-110, which 
*reads as follows, is repealed July 1, 2001.  Laws 2000, chapter 
*399, article 1, section 130. 

*   "336.9-110 Sufficiency of description.  

*   For the purposes of this article any description of 
*personal property or real estate is sufficient whether or not it 
*is specific if it reasonably identifies what is described."