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https://www.investopedia.com/terms/p/purchase-money-security-interest-pmsi.asp
May 17, 2019 · A purchase money security interest (PMSI) is a legal claim that allows a lender to repossess property financed with its loan or demand repayment in cash if the borrower defaults.Author: Julia Kagan
https://www.abfjournal.com/articles/benefitting-from-pmsi-in-inventory-understanding-the-complexities-is-key/
Apr 01, 2014 · A perfected PMSI in inventory has priority over a conflicting security interest in the same inventory, or chattel paper or an instrument constituting proceeds of the inventory and in the proceeds of the chattel paper, and also in identifiable cash proceeds that are received on or before the delivery of the inventory if: 1. The PMSI is perfected ...
https://www.cscglobal.com/blog/appearances-matter-when-calculating-pmsi-deadlines/
Nov 04, 2013 · The purchase-money security interest (“PMSI”) offers secured parties a super priority over competing lenders in the same collateral. The requirements to obtain a PMSI are rather simple. The secured party merely needs to perfect and, if required, provide notice within statutory time deadlines.
https://www.lewisrice.com/publications/the-abcs-of-pmsis-a-primer-on-purchase-money-security-interests-pmsis-part-2/
In the first part of this series, we discussed how purchase money security interests (PMSIs) in assets could gain priority over previously perfected security interests.In this part 2, we discuss the rules under Article 9 of the UCC relating to PMSIs in inventory under which the holder of the PMSI may gain priority over secured parties with prior perfected security interests in such inventory.
https://www.cscglobal.com/cscglobal/pdfs/2011-01-Experts-Corner.pdf
The party claiming a PMSI bears the burden of proving compliance with the notice requirements. Therefore, secured parties must be sure to send the necessary notices and obtain proof of delivery before the debtor receives possession of the inventory. Otherwise, the secured party can find itself denied the benefit of PMSI priority.
https://www.law.cornell.edu/ucc/9/9-324
(a) [General rule: purchase-money priority.] Except as otherwise provided in subsection (g), a perfected purchase-money security interest in goods other than inventory or livestock has priority over a conflicting security interest in the same goods, and, except as otherwise provided in Section 9-327, a perfected security interest in its identifiable proceeds also has priority, if the purchase ...
https://www.williamsmullen.com/news/it%E2%80%99s-bird-it%E2%80%99s-plane-it%E2%80%99s-super-priority-brief-primer-purchase-money-security-interests
Mar 05, 2015 · The best practice is to send notices by a method that provides a signature as proof of delivery, such as certified mail or overnight courier. Does a PMSI Expire? A PMSI is valid for 5 years. No further notice must be provided during such 5 year period to other creditors who already have been notified of the PMSI.Author: Jamie Watkins Bruno
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