{"data":{"id":"us-mi/mich.-comp.-laws-440.9331","jurisdiction":"us-mi","citation":"Mich. Comp. Laws § 440.9331","heading":"Priority of rights of purchasers of instruments, documents, and securities under other articles; priority of interests in financial assets and security entitlements under article 8.","body":"Sec. 9331.\n\nThis article does not limit the rights of a holder in due course of a negotiable instrument, a holder to which a negotiable document of title has been duly negotiated, or a protected purchaser of a security. These holders or purchasers take priority over an earlier security interest, even if perfected, to the extent provided in articles 3, 7, and 8.\n\nThis article does not limit the rights of or impose liability on a person to the extent that the person is protected against the assertion of a claim under article 8.\n\nFiling under this article does not constitute notice of a claim or defense to the holders, or purchasers, or persons described in subsections (1) and (2).","path":["MI Code","Chapter 440","Act Act-174-of-1962"],"source_url":"https://www.legislature.mi.gov/Laws/MCL?objectName=mcl-440-9331","current_through":"2026-08-14","vintage":"open-us-law v2026.08, retrieved 2026-09-14","retrieved_at":"2026-09-14T18:32:31Z","sha256":"178f2576f4fe05ac3b0edefa40b91d11fe4d86d54dba5d1739e4da90ff9f53be","source_id":"us-mi","stale":false,"prev":"us-mi/mich.-comp.-laws-440.9330","next":"us-mi/mich.-comp.-laws-440.9332"},"notice":"GroundRules: Original legal text. Not legal advice."}