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<section article="gcl" article_name="Commercial Law" number="9-320" title_number="9" title_name="Secured Transactions" subtitle_number="3" subtitle_name="Perfection and Priority">
  <level label="a">
    <text>Except as otherwise provided in subsection (e), 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.</text>
  </level>
  <level label="b">
    <text>Except as otherwise provided in subsection (e), 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:</text>
    <level label="1">
      <text>Without knowledge of the security interest;</text>
    </level>
    <level label="2">
      <text>For value;</text>
    </level>
    <level label="3">
      <text>Primarily for the buyer’s personal, family, or household purposes; and</text>
    </level>
    <level label="4">
      <text>Before the filing of a financing statement covering the goods.</text>
    </level>
  </level>
  <level label="c">
    <text>To the extent that it affects the priority of a security interest over a buyer of goods under subsection (b), the period of effectiveness of a filing made in the jurisdiction in which the seller is located is governed by § 9-316(a) and (b).</text>
  </level>
  <level label="d">
    <text>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.</text>
  </level>
  <level label="e">
    <text>Subsections (a) and (b) do not affect a security interest in goods in the possession of the secured party under § 9-313.</text>
  </level>
</section>
