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Current as of February 09, 2022 | Updated by FindLaw Staff
Sec. 9337. If, while a security interest in goods is perfected by any method under the law of another jurisdiction, this state issues a certificate of title that does not show that the goods are subject to the security interest or contain a statement that they may be subject to security interests not shown on the certificate, both of the following apply:
(a) A buyer of the goods, other than a person in the business of selling goods of that kind, takes free of the security interest if the buyer gives value and receives delivery of the goods after issuance of the certificate and without knowledge of the security interest.
(b) The security interest is subordinate to a conflicting security interest in the goods that attaches, and is perfected under section 9311(2), 1 after issuance of the certificate and without the conflicting secured party's knowledge of the security interests.
Cite this article: FindLaw.com - Michigan Compiled Laws, Chapter 440. Uniform Commercial Code § 440.9337 - last updated February 09, 2022 | https://codes.findlaw.com/mi/chapter-440-uniform-commercial-code/mi-comp-laws-440-9337/
FindLaw Codes may not reflect the most recent version of the law in your jurisdiction. Please verify the status of the code you are researching with the state legislature or via Westlaw before relying on it for your legal needs.
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