§ 6A-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 § 6A-9-322(a) or 6A-9-324; or
(2) Arose solely under § 6A-2-711(3) or 6A-2.1-508(5).
History of Section.P.L. 2000, ch. 182, § 6; P.L. 2000, ch. 420, § 6.
Structure Rhode Island General Laws
Title 6A - Uniform Commercial Code
Chapter 6A-9 - Secured Transactions
Part 3 - Perfection and Priority
Section 6A-9-319. - Rights and title of consignee with respect to creditors and purchasers.
Section 6A-9-320. - Buyer of goods.
Section 6A-9-323. - Future advances.
Section 6A-9-324. - Priority of purchase-money security interests.
Section 6A-9-325. - Priority of security interests in transferred collateral.
Section 6A-9-326. - Priority of security interests created by new debtor.
Section 6A-9-327. - Priority of security interests in deposit account.
Section 6A-9-328. - Priority of security interests in investment property.
Section 6A-9-329. - Priority of security interests in letter-of-credit right.
Section 6A-9-330. - Priority of purchaser of chattel paper or instrument.
Section 6A-9-332. - Transfer of money; transfer of funds from deposit account.
Section 6A-9-333. - Priority of certain liens arising by operation of law.
Section 6A-9-334. - Priority of security interests in fixtures and crops.
Section 6A-9-335. - Accessions.
Section 6A-9-336. - Commingled goods.
Section 6A-9-337. - Priority of security interests in goods covered by certificate of title.