The Florida Senate

679.1101  Security interests arising under chapter 672 or chapter 680.--A security interest arising under s. 672.401, s. 672.505, s. 672.711(3), or s. 680.508(5) is subject to this chapter. However, until the debtor obtains possession of the goods:

(1)  The security interest is enforceable, even if s. 679.2031(2)(c) has not been satisfied;

(2)  Filing is not required to perfect the security interest;

(3)  The rights of the secured party after default by the debtor are governed by chapter 672 or chapter 680; and

(4)  The security interest has priority over a conflicting security interest created by the debtor.

History.--s. 1, ch. 2001-198.