Article 14 - Perfection: Goods in possession of Bailee
Security Interest in Goods in the possession of a Bailee may be perfected by:
Bailee's attorning to the Secured Party;
(B) the issue of a
Document of Title by the Bailee in the name of the Secured Party, provided that the Bailee is acting within its express or ostensible authority when issuing that Document of Title;
Secured Party or its agent being in possession of the negotiable Document of Title to the Goods where the Bailee has issued one; or
(D) the filing of a
Financing Statement relating to the Goods.
(2) The issue of a negotiable
Document of Title covering Goods does not preclude any other Security Interest in the from arising. Goods
(3) A perfected
Security Interest in a negotiable Document of Title covering Goods takes priority over a Security Interest in the Goods otherwise perfected after the issue of a negotiable Document of Title covering those Goods.