§ 6A-9-321. Licensee of general intangible and lessee of goods in ordinary course of business.
(a) “Licensee in ordinary course of business.” In this section, “licensee in ordinary course of business” means a person that becomes a licensee of a general intangible in good faith, without knowledge that the license violates the rights of another person in the general intangible, and in the ordinary course from a person in the business of licensing general intangibles of that kind. A person becomes a licensee in the ordinary course if the license to the person comports with the usual or customary practices in the kind of business in which the licensor is engaged or with the licensor’s own usual or customary practices.
(b) Rights of licensee in ordinary course of business. A licensee in ordinary course of business takes its rights under a nonexclusive license free of a security interest in the general intangible created by the licensor, even if the security interest is perfected and the licensee knows of its existence.
(c) Rights of lessee in ordinary course of business. A lessee in ordinary course of business takes its leasehold interest free of a security interest in the goods created by the lessor, even if the security interest is perfected and the lessee knows of its existence.
History of Section.P.L. 2000, ch. 182, § 6; P.L. 2000, ch. 420, § 6.
Structure Rhode Island General Laws
Title 6A - Uniform Commercial Code
Chapter 6A-9 - Secured Transactions
Part 3 - Perfection and Priority
Section 6A-9-319. - Rights and title of consignee with respect to creditors and purchasers.
Section 6A-9-320. - Buyer of goods.
Section 6A-9-323. - Future advances.
Section 6A-9-324. - Priority of purchase-money security interests.
Section 6A-9-325. - Priority of security interests in transferred collateral.
Section 6A-9-326. - Priority of security interests created by new debtor.
Section 6A-9-327. - Priority of security interests in deposit account.
Section 6A-9-328. - Priority of security interests in investment property.
Section 6A-9-329. - Priority of security interests in letter-of-credit right.
Section 6A-9-330. - Priority of purchaser of chattel paper or instrument.
Section 6A-9-332. - Transfer of money; transfer of funds from deposit account.
Section 6A-9-333. - Priority of certain liens arising by operation of law.
Section 6A-9-334. - Priority of security interests in fixtures and crops.
Section 6A-9-335. - Accessions.
Section 6A-9-336. - Commingled goods.
Section 6A-9-337. - Priority of security interests in goods covered by certificate of title.