RCW 62A.9A-320
Buyer of goods. (Effective until July 1,
2013.)
(a) Buyer in ordinary course of business. Except as
otherwise provided in subsection (e) of this section, a buyer in
ordinary course of business, other than a person buying farm
products from a person engaged in farming operations, takes free
of a security interest created by the buyer's seller, even if the
security interest is perfected and the buyer knows of its
existence.
(b) Buyer of consumer goods. Except as otherwise provided
in subsection (e) of this section, a buyer of goods from a person
who used or bought the goods for use primarily for personal,
family, or household purposes takes free of a security interest,
even if perfected, if the buyer buys:
(1) Without knowledge of the security interest;
(2) For value;
(3) Primarily for the buyer's personal, family, or household
purposes; and
(4) Before the filing of a financing statement covering the
goods.
(c) Effectiveness of filing for subsection (b) of this
section. To the extent that it affects the priority of a
security interest over a buyer of goods under subsection (b) of
this section, the period of effectiveness of a filing made in the
jurisdiction in which the seller is located is governed by RCW62A.9A-316
(a) and (b).
(d) Buyer in ordinary course of business at wellhead or
minehead. A buyer in ordinary course of business buying oil,
gas, or other minerals at the wellhead or minehead or after
extraction takes free of an interest arising out of an
encumbrance.
(e) Possessory security interest not affected. Subsections
(a) and (b) of this section do not affect a security interest in
goods in the possession of the secured party under RCW62A.9A-313
.
[2000 c 250 § 9A-320.]
RCW 62A.9A-320
Buyer of goods. (Effective July 1, 2013.)
(a) Buyer in ordinary course of business. Except as otherwise
provided in subsection (e) of this section, a buyer in ordinary
course of business, other than a person buying farm products from
a person engaged in farming operations, takes free of a security
interest created by the buyer's seller, even if the security
interest is perfected and the buyer knows of its existence.
(b) Buyer of consumer goods. Except as otherwise provided
in subsection (e) of this section, a buyer of goods from a person
who used or bought the goods for use primarily for personal,
family, or household purposes takes free of a security interest,
even if perfected, if the buyer buys:
(1) Without knowledge of the security interest;
(2) For value;
(3) Primarily for the buyer's personal, family, or household
purposes; and
(4) Before the filing of a financing statement covering the
goods.
(c) Effectiveness of filing for subsection (b) of this
section. To the extent that it affects the priority of a
security interest over a buyer of goods under subsection (b) of
this section, the period of effectiveness of a filing made in the
jurisdiction in which the seller is located is governed by RCW62A.9A-316
(a) and (b).
(d) Buyer in ordinary course of business at wellhead or
minehead. A buyer in ordinary course of business buying oil,
gas, or other minerals at the wellhead or minehead or after
extraction takes free of an interest arising out of an
encumbrance.
(e) Possessory security interest not affected. Subsections
(a) and (b) of this section do not affect a security interest in
goods in the possession of the secured party under RCW62A.9A-313
.
[2011 c 74 § 711; 2000 c 250 § 9A-320.]
NOTES:
Application -- Correction of references -- Effective date -- 2011 c 74: See notes following RCW 62A.9A-102.