§ 9-326. Priority of security interests created by new debtor.
(a) Subordination of security interest created by new debtor. Subject to subsection (b), a security interest that is created by a new debtor in
collateral in which the new debtor has or acquires rights and is perfected solely
by a filed financing statement that would be ineffective to perfect the security interest
but for the application of Section 9-316(i)(1) or 9-508 is subordinate to a security
interest in the same collateral which is perfected other than by such a filed financing
(b) Priority under other provisions; multiple original debtors. The other provisions of this Part determine the priority among conflicting security
interests in the same collateral perfected by filed financing statements described
in subsection (a). However, if the security agreements to which a new debtor became bound as debtor
were not entered into by the same original debtor, the conflicting security interests
rank according to priority in time of the new debtor's having become bound.
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