SB171 — Uniform Commercial Code - As introduced, increases from 30 days to 60 days of debtor possession of the collateral the time during which a purchase-money security interest can be perfected and take priority over a conflicting security interest as to identifiable proceeds from the collateral. - Amends TCA Title 47.

SB171 — Uniform Commercial Code - As introduced, increases from 30 days to 60 days of debtor possession of the collateral the time during which a purchase-money security interest can be perfected and take priority over a conflicting security interest as to identifiable proceeds from the collateral. - Amends TCA Title 47. · Informed CitizenrySenate Bill 171 amends Tennessee Code Annotated, Title 47, to change the timeframe for perfecting a purchase-money security interest. The bill increases the period during which a purchase-money sec…Open in Informed Citizenry