{"data":{"id":"us-az/a.r.s.-47-9323","jurisdiction":"us-az","citation":"A.R.S. § 47-9323","heading":"Future advances","body":"A. Except as otherwise provided in subsection C of this section, for purposes of determining the priority of a perfected security interest under section 47-9322, subsection A, paragraph 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:\n\n1. Is made while the security interest is perfected only:\n\n(a) Under section 47-9309 when it attaches; or\n\n(b) Temporarily under section 47-9312, subsection E, F or G; and\n\n2. Is not made pursuant to a commitment entered into before or while the security interest is perfected by a method other than under section 47-9309 or section 47-9312, subsection E, F or G.\n\nB. Except as otherwise provided in subsection C of this section, a security interest is subordinate to the rights of a person that becomes a lien creditor to the extent that the security interest secures an advance made more than forty-five days after the person becomes a lien creditor unless the advance is made:\n\n1. Without knowledge of the lien; or\n\n2. Pursuant to a commitment entered into without knowledge of the lien.\n\nC. Subsections A and B of this section do 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.\n\nD. Except as otherwise provided in subsection E of this section, 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:\n\n1. The time the secured party acquires knowledge of the buyer's purchase; or\n\n2. Forty-five days after the purchase.\n\nE. Subsection D of this section 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 forty-five day period.\n\nF. Except as otherwise provided in subsection G of this section, 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:\n\n1. The time the secured party acquires knowledge of the lease; or\n\n2. Forty-five days after the lease contract becomes enforceable.\n\nG. Subsection F of this section 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 forty-five day period.","path":["Title 47 Weights and Measures"],"source_url":"https://www.azleg.gov/ars/47/09323.htm","current_through":"57th Legislature, 2nd Regular Session (effective 2027-01-01); mirror section count 24991","vintage":"2026-09-15","retrieved_at":"2026-09-26T04:29:04Z","sha256":"6740d4f0e8eb9d2705481a617d79b9a1817c5049d174246f52562912ae6aa548","source_id":"us-az","stale":false,"prev":"us-az/a.r.s.-47-9322","next":"us-az/a.r.s.-47-9324"},"notice":"GroundRules: Original legal text. Not legal advice."}