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Source Headings and Roadmaps Complete MPT and Lawyering Skills List Showing the closest available flashcard practice.

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0 tracked cards Supplemental - Not MEE July 2026

A debtor grants a lender a PMSI in new manufacturing equipment. Another bank already has a perfected blanket security interest in all equipment.
How can the PMSI lender generally obtain priority in the new equipment?

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The PMSI lender wins only if it repossesses before the blanket lender learns of the equipment. The PMSI lender can never beat an earlier blanket equipment lender. The PMSI lender can obtain priority if it perfects when or within 20 days after the debtor receives possession of the equipment. The PMSI lender must notify every prior equipment lender before the debtor receives the equipment.

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