New Jersey § 12a:9-320
Full text of New Jersey New Jersey Statutes § 12a:9-320, with citation guidance and answers to common questions.
§ 12a:9-320.
(a) Buyer in ordinary course of business. Except as otherwise provided in subsection (e) , a buyer in ordinary course of business, other than a person buying farm products
from a person engaged in farming operations, takes free of a security interest created
by the buyer's seller, even if the security interest is perfected and the buyer knows
of its existence. (b) Buyer of consumer goods. Except as otherwise provided in subsection (e) , a buyer of goods from a person who used or bought the goods for use primarily for
personal, family, or household purposes takes free of a security interest, even if
perfected, if the buyer buys: (1) without knowledge of the security interest; (2) for value; (3) primarily for the buyer's personal, family, or household purposes; and (4) before the filing of a financing statement covering the goods. (c) Effectiveness of filing for subsection (b). To the extent that it affects the priority of a security interest over a buyer of
goods under subsection (b) , the period of effectiveness of a filing made in the jurisdiction in which the seller
is located is governed by 12A:9-316 (a) and (b). (d) Buyer in ordinary course of business at wellhead or minehead. A buyer in ordinary course of business buying oil, gas, or other minerals at the
wellhead or minehead or after extraction takes free of an interest arising out of
an encumbrance. (e) Possessory security interest not affected. Subsections (a) and (b) do not affect a security interest in goods in the possession of the secured party
under 12A:9-313.
Frequently Asked Questions About New Jersey § 12a:9-320
What does New Jersey Statutes § 12a:9-320 cover?
Section 12a:9-320 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:9-320?
A common citation format is "New Jersey Statutes § 12a:9-320" (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:9-320 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.