A security interest arising under Section 2–401, 2–505, 2–711(3), or 2A-508(5) shall be subject to this article, but until the debtor obtains possession of the goods:\n(1) the security interest is enforceable, even if Section 9–203(b)(3) has not been satisfied;\n(2) filing is not required to perfect the security interest;\n(3) the rights of the secured party after default by the debtor are governed by Article 2 or 2A; and\n(4) the security interest has priority over a conflicting security interest created by the debtor.
Massachusetts Legal Code