[Code of Federal Regulations]
[Title 26, Volume 18]
[Revised as of April 1, 2004]
From the U.S. Government Printing Office via GPO Access
[CITE: 26CFR301.6323(a)-1]

[Page 232]
 
                       TITLE 26--INTERNAL REVENUE
 
    CHAPTER I--INTERNAL REVENUE SERVICE, DEPARTMENT OF THE TREASURY 
                               (CONTINUED)
 
PART 301_PROCEDURE AND ADMINISTRATION--Table of Contents
 
                               Collection
 
Sec. 301.6323(a)-1  Purchasers, holders of security interests, mechanic's 
lienors, and judgment lien creditors.

    (a) Invalidity of lien without notice. The lien imposed by section 
6321 is not valid against any purchaser (as defined in paragraph (f) of 
Sec. 301.6323(h)--1), holder of a security interest (as defined in 
paragraph (a) of Sec. 301.6323(h)--1), mechanic's lienor (as defined in 
paragraph (b) of Sec. 301.6323(h)-1), or judgment lien creditor (as 
defined in paragraph (g) of Sec. 301.6323(h)-1) until a notice of lien 
is filed in accordance with Sec. 301.6323(f)-1). Except as provided by 
section 6323, if a person becomes a purchaser, holder of a security 
interest, mechanic's lienor, or judgment lien creditor after a notice of 
lien is filed in accordance with Sec. 301.6323(f)-1, the interest 
acquired by such person is subject to the lien imposed by section 6321.
    (b) Cross references. For provisions relating to the protection 
afforded a security interest arising after tax lien filing, which 
interest is covered by a commercial transactions financing agreement, 
real property construction or improvement financing agreement, or an 
obligatory disbursement agreement, see Sec. Sec. 301.6323(c)-1, 
301.6323(c)-2, and 301.6323(c)-3, respectively. For provisions relating 
to the protection afforded to a security interest coming into existence 
by virtue of disbursements, made before the 46th day after the date of 
tax lien filing, see Sec. 301.6323(d)-1. For provisions relating to 
priority afforded to interest and certain other expenses with respect to 
a lien or security interest having priority over the lien imposed by 
section 6321, see Sec. 301.6323(e)-1. For provisions relating to 
certain other interests arising after tax lien filing, see Sec. 
301.6323(b)-1.

[T.D. 7429, 41 FR 35498, Aug. 23, 1976]