{"data":{"id":"us-pa/13-pa.c.s.-9331","jurisdiction":"us-pa","citation":"13 Pa.C.S. § 9331","heading":"Priority of rights of purchasers of controllable accounts, controllable electronic records, controllable payment intangibles, documents, instruments and securities under other divisions; priority of interests in financial assets and security entitlements and protection against assertion of claim under Divisions 8 and 12.","body":"(a) Rights under Divisions 3, 7, 8 and 12 not limited.--This division 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, a protected purchaser of a security or a qualifying purchaser of a controllable account, controllable electronic record or controllable payment intangible. These holders or purchasers take priority over an earlier security interest, even if perfected, to the extent provided in Divisions 3 (relating to negotiable instruments), 7 (relating to warehouse receipts, bills of lading and other documents of title), 8 (relating to investment securities) and 12 (relating to controllable electronic records).\n(b) Protection under Divisions 8 and 12.--This division 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 Division 8 or 12.\n(c) Filing not notice.--Filing under this division does not constitute notice of a claim or defense to the holders, purchasers or persons described in subsections (a) and (b).","path":["Title 13 - COMMERCIAL CODE","CHAPTER 93 PERFECTION AND PRIORITY","SUBCHAPTER C PRIORITY"],"source_url":"https://www.palegis.us/statutes/consolidated/view-statute?txtType=HTM\u0026ttl=13\u0026div=0\u0026chpt=93\u0026sctn=31\u0026subsctn=0","current_through":"2025-12-01 (Statute Update stamp, 13 Pa.C.S.)","vintage":"","retrieved_at":"2026-09-02T16:31:03Z","sha256":"8713e499432fc4397086132421997ce7d1c381218cd2b8db8ece5b4ca28cb958","source_id":"us-pa","stale":false,"prev":"us-pa/13-pa.c.s.-9330","next":"us-pa/13-pa.c.s.-9332"},"notice":"GroundRules: Original legal text. Not legal advice."}