§ 4-9-325 — Priority of security interests in transferred collateral

Colorado § 4-9-325

• Jurisdiction: Colorado
• Title 04: Uniform
• Art.: Secured Transactions

Text

(a) Except
as otherwise provided in subsection (b) of this section, 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) of this section subordinates a security interest only if the
security interest:

(1) Otherwise would have priority solely under section 4-9-322 (a) or 4-9-324; or

(2) Arose solely under section 4-2-711 (3) or 4-2.5-508 (5).

Legislative History

Source: L. 2001: Entire article R&RE, p. 1362, � 1, effective July 1.