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<section article="gcl" article_name="Commercial Law" number="9-323" 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 (b), for purposes of determining the priority of a perfected security interest under § 9-322(a)(1), perfection of the security interest dates from the time an advance is made to the extent that the security interest secures an advance that:</text>
    <level label="1">
      <text>Is made while the security interest is perfected only:</text>
      <level label="A">
        <text>Under § 9-309 when it attaches; or</text>
      </level>
      <level label="B">
        <text>Temporarily under § 9-312(e), (f), or (g); and</text>
      </level>
    </level>
    <level label="2">
      <text>Is not made pursuant to a commitment entered into before or while the security interest is perfected by a method other than under § 9-309 or § 9-312(e), (f), or (g).</text>
    </level>
  </level>
  <level label="b">
    <text>Subsection (a) does not apply to a security interest held by a secured party that is a buyer of accounts, chattel paper, payment intangibles, or promissory notes or a consignor.</text>
  </level>
  <level label="c">
    <text>Except as otherwise provided in subsection (d), a buyer of goods other than a buyer in ordinary course of business takes free of a security interest to the extent that it secures advances made after the earlier of:</text>
    <level label="1">
      <text>The time the secured party acquires knowledge of the buyer’s purchase; or</text>
    </level>
    <level label="2">
      <text>45 days after the purchase.</text>
    </level>
  </level>
  <level label="d">
    <text>Subsection (c) does not apply if the advance is made pursuant to a commitment entered into without knowledge of the buyer’s purchase and before the expiration of the 45-day period.</text>
  </level>
  <level label="e">
    <text>Except as otherwise provided in subsection (f), a lessee of goods, other than a lessee in ordinary course of business, takes the leasehold interest free of a security interest to the extent that it secures advances made after the earlier of:</text>
    <level label="1">
      <text>The time the secured party acquires knowledge of the lease; or</text>
    </level>
    <level label="2">
      <text>45 days after the lease contract becomes enforceable.</text>
    </level>
  </level>
  <level label="f">
    <text>Subsection (e) does not apply if the advance is made pursuant to a commitment entered into without knowledge of the lease and before the expiration of the 45-day period.</text>
  </level>
</section>
