Idaho State Statutes - Idaho Attorney Directory

SECURITY INTERESTS ARISING UNDER CHAPTER 2 OR 12, TITLE 28,
IDAHO CODE. A security interest arising under section 28-2-401, 28-2-505,
28-2-711(3) or 28-12-508(5) is subject to this chapter. However, until the
debtor obtains possession of the goods:
(1) The security interest is enforceable, even if section
28-9-203(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 chapter 2 or 12, title 28, Idaho Code; and
(4) The security interest has priority over a conflicting security
interest created by the debtor.

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