{"data":{"id":"us-tn/tenn.-code-ann.-47-9-338","jurisdiction":"us-tn","citation":"Tenn. Code Ann. § 47-9-338","heading":"Priority of security interest or agricultural lien perfected by filed financing statement providing certain incorrect information.","body":"If a security interest or agricultural lien is perfected by a filed financing statement providing information described in § 47-9-516(b)(5) which is incorrect at the time the financing statement is filed:\n(1) the security interest or agricultural lien is subordinate to a conflicting perfected security interest in the collateral to the extent that the holder of the conflicting security interest gives value in reasonable reliance upon the incorrect information; and\n(2) a purchaser, other than a secured party, of the collateral takes free of the security interest or agricultural lien to the extent that, in reasonable reliance upon the incorrect information, the purchaser gives value and, in the case of tangible chattel paper, documents, goods, instruments, or a security certificate, receives delivery of the collateral.","path":["Title 47 Commercial Instruments And Transactions","Chapter 9 Secured Transactions","Part 3 Perfection and Priority","3. Priority"],"source_url":"https://archive.org/download/gov.tn.tca/release76.2021.05.21/gov.tn.tca.title.47.odt","current_through":"2021-05-21","vintage":"Tennessee Code Release 76 (2021-05), retrieved 2026-09-17; absent from the newer snapshot, which serves other sections of this chapter, so it may since have been repealed or amended","retrieved_at":"2026-09-17T21:55:59Z","sha256":"2d56e9cb29c869a9121b7e96fb4cf2d78b561ed639468bc82cd7ba2ea263e478","source_id":"us-tn","stale":true,"prev":"us-tn/tenn.-code-ann.-47-9-337","next":"us-tn/tenn.-code-ann.-47-9-339"},"notice":"GroundRules: Original legal text. Not legal advice."}