Legislation
SECTION 9-319
Rights and Title of Consignee with Respect to Creditors and Purchasers
Uniform Commercial Code (UCC) CHAPTER 38, ARTICLE 9, PART 3, SUBPART 3
Section 9--319. Rights and Title of Consignee with Respect to Creditors
and Purchasers.
(a) Consignee has consignor's rights. Except as otherwise provided in
subsection (b), for purposes of determining the rights of creditors of,
and purchasers for value of goods from, a consignee, while the goods are
in the possession of the consignee, the consignee is deemed to have
rights and title to the goods identical to those the consignor had or
had power to transfer.
(b) Applicability of other law. For purposes of determining the rights
of a creditor of a consignee, law other than this article determines the
rights and title of a consignee while goods are in the consignee's
possession if, under this part, a perfected security interest held by
the consignor would have priority over the rights of the creditor.
and Purchasers.
(a) Consignee has consignor's rights. Except as otherwise provided in
subsection (b), for purposes of determining the rights of creditors of,
and purchasers for value of goods from, a consignee, while the goods are
in the possession of the consignee, the consignee is deemed to have
rights and title to the goods identical to those the consignor had or
had power to transfer.
(b) Applicability of other law. For purposes of determining the rights
of a creditor of a consignee, law other than this article determines the
rights and title of a consignee while goods are in the consignee's
possession if, under this part, a perfected security interest held by
the consignor would have priority over the rights of the creditor.