(1) Except as otherwise provided in subsection (2) of this section, 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.
(2) 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 of this article, a perfected security
interest held by the consignor would have priority over the rights of the creditor.
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