Title 11, Chapter 9, Section 110
Security interests arising under Article 2 or 2A of this title.
A security interest arising under Code Section 11-2-401 or 11-2-505, subsection (3) of Code Section 11-2-711, or subsection (5) of Code Section 11-2A-508 is subject to this article. However, until the debtor obtains possession of the goods:
(1) The security interest is enforceable, even if paragraph (3) of subsection (b) of Code Section 11-9-203 has not been satisfied;
(2) Filing is not required to perfect the security interest;
(3) The rights of the secured party after default by the debtor
are governed by Article 2 or 2A of this title; and
(4) The security interest has priority over a conflicting security
interest created by the debtor.