Movenlr PnorERry Sncuruw lNtnnssrs Cap. L4:35 Acquis ition security interests in No.9n0fi ftngible s 18. An acquisition security interest in an asset extends to ttre fungible, and has priority over a non-acquisition security interest granGd by the same debtor in the fungibles with which the first-rrentioned asset is commingled. Suborditntion (l) 19. A person may at any time subordinate the priority of his or her rights under this Act in favour of any existing c future competing claimant without the need for the beneficiary to be a party to the subordination. (2) Subordination does not affect the rights of competing claimants other than the person subodinating his or her priority and the bereficiary of the subordination. Trantfereesofrcgotiableinstruments,fu:ds,money, docunentsand secunncs 20. (l) A consensual transferee of a negotiable instrument acquires its rights fue of the security interest that is perfected by rcgistration of a notice in the Collateral Regrstry if tbe consensual transferee(a) qualifies as a blder in due course rmder tb Bills of Exchange Lct[Clnpter 14:021;sr (b) takes possession of the negotiable insrument and gives value wittnut knowledge that the sale or other transfer is in violation of the rights of the secured c.rpditc under the security agrceurent. (2) A depositary institution's right to set off obligations owd to it by fte debtor has priority as against a security interest in the right to payment of funds credited to the deposit account. (3) A transferee of funds from a deposit account pursuant to a mnsfer initiated or authorised by the debtc acguires his or her rights ftree of a security interest in the right to payrnent of funds sredited to the deposit account, unless the transferee has knowledge that the transfer violates the rights of the secured crredior under the security agreement. (4) A transferee that obtains lnssession of money &at is subject to a security interest acquires his or her rights free of the security intercst, unless that transferee has knowledge that the transfer violates the rights of the secur€d creditor under ttrc security agreement. (5) Atransferce of a rcgotiable documerr who mkes possession of the negotiable document and gives value without knowledge that the sale or other transfer is in violation of the rigbts of the secued creditor under the security agreement, acquires his or her rights fiiee of a security interest in the negotiable document and the tangible assets covered thereby ttrat is perfected under this Act. (6) A transferee of securities who takes possession of the certificated secwity or acquires rights ia an uncertificated mcurity and gives value without knowledge that the sale or other transfer is in violation of the rights of the secured creditor under the security agrcement acquircs his or herrights free of a security interest. 169

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