Source: https://www.law.cornell.edu/cfr/text/9/205.212
Timestamp: 2015-10-04 17:32:55
Document Index: 727650722

Matched Legal Cases: ['art 205', '§ 205', '§ 205', '§ 205', '§ 205', '§ 1631']

9 CFR 205.212 - “Buyer in ordinary course of business” and “security interest.” | US Law | LII / Legal Information Institute
CFR › Title 9 › Chapter II › Part 205 › Section 205.212 9 CFR 205.212 - “Buyer in ordinary course of business” and “security interest.”
§ 205.212
“Buyer in ordinary course of business” and “security interest.”
The legislative intent discussed above in§ 205.211, to pre-empt State laws reflecting the “farm products” exception; and
The legislative intent shown in subsections (a) and (b) that certain persons take free and clear of certain interests of a “secured lender” “when the seller fails to repay the lender,” unless such persons have information about such interests made available to them as provided in the Section.
§ 205.212 “Buyer in ordinary course of business” and “security interest.”
The terms “buyer in ordinary course of business” and “security interest” are defined in subsections (c) (1) and (7). There are differences between those definitions and the UCC definitions of the same terms. In interpreting those differences, the following would be pertinent: (a) The legislative intent discussed above in § 205.211, to pre-empt State laws reflecting the “farm products” exception; and (b) The legislative intent shown in subsections (a) and (b) that certain persons take free and clear of certain interests of a “secured lender” “when the seller fails to repay the lender,” unless such persons have information about such interests made available to them as provided in the Section. This is a list of United States Code sections, Statutes at Large, Public Laws, and Presidential Documents, which provide rulemaking authority for this CFR Part.This list is taken from the Parallel Table of Authorities and Rules provided by GPO [Government Printing Office].It is not guaranteed to be accurate or up-to-date, though we do refresh the database weekly. More limitations on accuracy are described at the GPO site.United States CodeU.S. Code: Title 7 - AGRICULTURE§ 1631 - Protection for purchasers of farm products