24.44.310 Priority of Rights of Purchasers of Instruments, Documents, and Securities Under Other Articles - Priority of Interests in Financial Assets and Security Entitlements Under Section 24.38-24.41

(a) Chapters 24.42 through 24.48 do 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-19, 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 Chapter 24.14 – Chapter 24.19, Chapter 24.32 – Chapter 24.37, and Chapter 24.38 – Chapter 24.41.

(b) Chapters 24.42 through 24.48 do 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 41-08.

(c) Filing under Chapters 24.42 through 24.48 does not constitute notice of a claim or defense to the holders, purchasers, or persons described in subsections (a) and (b).