§ 6A-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 subdivision 6A-9-316(i)(1) or § 6A-9-508 is subordinate to a security interest in the same collateral which is perfected other than by such a filed financing statement.
(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.
History of Section.P.L. 2000, ch. 182, § 6; P.L. 2000, ch. 420, § 6; P.L. 2011, ch. 173, § 2; P.L. 2011, ch. 192, § 2.
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.