24.50.090 Protection of Purchasers of Instruments, Documents and Securities

Nothing in this article limits the rights of a holder in due course of a negotiable instrument (Section 24.16.020) or a holder to whom a negotiable document of title has been duly negotiated (Section 24.36.010) or a bona fide purchaser of a security (Section 24.40.020(a) and such holders or purchasers take priority over an earlier security interest even though perfected. Filing under this article does not constitute notice of the security interest to such holders or purchasers.