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

Colorado Statutes

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

Colorado·Title 04 Uniform·Art. Secured Transactions

(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).

Free access — add to your briefcase to read the full text and ask questions with AI

(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).

Colorado § 4-9-325 (Priority of security interests in transferred collateral) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.