§12A-9-308.

§12A-9-308.
   
   Purchase of Chattel Paper and Instruments. - A purchaser of chattel
   paper or an instrument who gives new value and takes possession of it
   in the ordinary course of his business has priority over a security
   interest in the chattel paper or instrument:
   
   (a) which is perfected under Section 9-304 (permissive filing and
   temporary perfection) or under Section 9-306 (perfection as to
   proceeds) if he acts without knowledge that the specific paper or
   instrument is subject to a security interest; or
   
   (b) which is claimed merely as proceeds of inventory subject to a
   security interest (Section 9-306), even though he knows that the
   specific paper or instrument is subject to the security interest.