Example 10: Supplier holds an agricultural lien on corn. The lien arises under an Iowa statute. Supplier perfects by filing a financing statement in Iowa, where the corn is located. See Section 9-302 [Maine cite section 9-1302]. Debtor stores the corn in Missouri. Assume the Iowa agricultural lien survives or an agricultural lien arises under Missouri law (matters that this Article does not govern). Once the corn is located in Missouri, Missouri becomes the jurisdiction whose law governs perfection. See Section 9-302 [Maine cite section 9-1302]. Thus, the agricultural lien will not be perfected unless Supplier files a financing statement in Missouri.

SUBPART 3

PRIORITY

§9-1317.__Interests that take priority over or take free of

unperfected security interest or agricultural lien

(1)__An unperfected security interest or agricultural lien is subordinate to the rights of:

(a)__A person entitled to priority under section 9-1322; and

(b)__Except as otherwise provided in subsection (5), a person that becomes a lien creditor before the earlier of the time the security interest or agricultural lien is perfected or a financing statement covering the collateral is filed.

(2)__Except as otherwise provided in subsection (5), a buyer, other than a secured party, of tangible chattel paper, documents, goods, instruments or a security certificate takes free of a security interest or agricultural lien if the buyer gives value and receives delivery of the collateral without knowledge of the security interest or agricultural lien and before it is perfected.

(3)__Except as otherwise provided in subsection (5), a lessee of goods takes free of a security interest or agricultural lien if the lessee gives value and receives delivery of the collateral without knowledge of the security interest or agricultural lien and before it is perfected.

(4)__A licensee of a general intangible or a buyer, other than a secured party, of accounts, electronic chattel paper,