Idaho State Statutes - Idaho Attorney Directory

28-9-331 - PRIORITY OF RIGHTS OF PURCHASERS OF INSTRUMENTS, DOCUMENTS AND SECURITIES UNDER OTHER CHAPTERS -- PRIORITY OF INTERESTS IN FINANCIAL ASSETS AND SECURITY ENTITLEMENTS UNDER CHAPTER 8

PRIORITY OF RIGHTS OF PURCHASERS OF INSTRUMENTS, DOCUMENTS AND
SECURITIES UNDER OTHER CHAPTERS -- PRIORITY OF INTERESTS IN FINANCIAL ASSETS
AND SECURITY ENTITLEMENTS UNDER CHAPTER 8. (a) This chapter does not limit the
rights of a holder in due course of a negotiable instrument, a holder to which
a negotiable document of title has been duly negotiated, or a protected
purchaser of a security. These holders or purchasers take priority over an
earlier security interest, even if perfected, to the extent provided in
chapters 3, 7 and 8.
(b) This chapter does not limit the rights of or impose liability on a
person to the extent that the person is protected against the assertion of a
claim under chapter 8.
(c) Filing under this chapter does not constitute notice of a claim or
defense to the holders, or purchasers, or persons described in subsections (a)
and (b) of this section.

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