84-9-325. Priority of security interests in transferred collateral.
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/ks/chapter-84/84-9-325A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
84-9-325. Priority of security interests in transferred collateral.
(a)Subordination of security interest in transferred collateral. Except as otherwise provided in subsection (b), a security interest created by a debtor is subordinate to a security interest in the same collateral created by another person if:
(1)The debtor acquired the collateral subject to the security interest created by the other person;
(2)the security interest created by the other person was perfected when the debtor acquired the collateral; and
(3)there is no period thereafter when the security interest is unperfected.
(b)Limitation of subsection
(a)subordination. Subsection
(a)subordinates a security interest only if the security interest:
(1)Otherwise would have priority solely under K.S.A. 2025 Supp. 84-9-322
(a)or 84-9-324 , and amendments thereto; or
(2)arose solely under K.S.A. 84-2-711
(3)or 84-2a-508 (5), and amendments thereto.