New Jersey § 12a:9-317
Full text of New Jersey New Jersey Statutes § 12a:9-317, with citation guidance and answers to common questions.
§ 12a:9-317.
(a) Conflicting security interests and rights of lien creditors. A security interest or agricultural lien is subordinate to the rights of: (1) a person entitled to priority under 12A:9-322; and (2) except as otherwise provided in subsection (e), a person that becomes a lien creditor
before the earlier of the time: (A) the security interest or agricultural lien is perfected; or (B) one of the conditions specified in 12A:9-203(b)(3) is met and a financing statement
covering the collateral is filed. (b) Buyers that receive delivery. Except as otherwise provided in subsection (e), a buyer, other than a secured party,
of tangible chattel paper, tangible documents, goods, instruments, or a certificated security takes free of a security interest or agricultural lien if the buyer gives value and
receives delivery of the collateral without knowledge of the security interest or
agricultural lien and before it is perfected. (c) Lessees that receive delivery. Except as otherwise provided in subsection (e), a lessee of goods takes free of
a security interest or agricultural lien if the lessee gives value and receives delivery
of the collateral without knowledge of the security interest or agricultural lien
and before it is perfected. (d) Licensees and buyers of certain collateral. A licensee of a general intangible or a buyer, other than a secured party, of accounts,
electronic chattel paper, electronic documents, general intangibles, or investment property other than a certificated security takes
free of a security interest if the licensee or buyer gives value without knowledge
of the security interest and before it is perfected. (e) Purchase-money security interest. Except as otherwise provided in 12A:9-320 and 12A:9-321, if a person files a financing
statement with respect to a purchase-money security interest before or within 20 days
after the debtor receives delivery of the collateral, the security interest takes
priority over the rights of a buyer, lessee, or lien creditor which arise between
the time the security interest attaches and the time of filing.
Frequently Asked Questions About New Jersey § 12a:9-317
What does New Jersey Statutes § 12a:9-317 cover?
Section 12a:9-317 is part of the New Jersey Statutes, the codified statutory law of New Jersey. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite New Jersey § 12a:9-317?
A common citation format is "New Jersey Statutes § 12a:9-317" (New Jersey). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of New Jersey law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the New Jersey official source linked on this page or consult a licensed New Jersey attorney.
How does New Jersey § 12a:9-317 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in New Jersey can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in New Jersey.