§ 9-325
114 words·~1 min read·
/md/commercial-law/9-325·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
§9–325.
(a)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)Subsection
(a)subordinates a security interest only if the security interest:
(1)Otherwise would have priority solely under § 9-322(a) or § 9-324; or
(2)Arose solely under § 2-711(3) or § 2A-508(5) of this article.