Nebraska Uniform Commercial Code 9-331

UCC 9-331

9-331.

Priority of rights of purchasers of instruments, documents, securities, and controllable electronic records under other articles; priority of interests in financial assets and security entitlements under article 8 and controllable electronic records under article 12.

(a) This article 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, a protected purchaser of a security, or a qualified purchaser of a controllable electronic record. These holders or purchasers take priority over an earlier security interest, even if perfected, to the extent provided in articles 3, 7, 8, and 12.

(b) This article 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 article 8 or 12.

(c) Filing under this article does not constitute notice of a claim or defense to the holders, or purchasers, or persons described in subsections (a) and (b).