Colorado § 4-9-326 Priority of security interests created by new debtor

Colorado Statutes

§ 4-9-326 — Priority of security interests created by new debtor

Colorado·Title 04 Uniform·Art. Secured Transactions

(a)Subject to subsection (b) of this section, 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 4-9-316 (i)(1) or 4-9-508 is subordinate to a security interest in the same collateral that is perfected other than by such a filed financing statement.

(b)The other provisions of this part 3 determine the priority among conflicting security interests in the same collateral perfected by filed financing statements described in subsection (a) of this section. However, if the security agreements to which a new debtor became bound as debtor were not entered into by the same orig

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(a) Subject
to subsection (b) of this section, 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 4-9-316 (i)(1) or 4-9-508 is subordinate to
a security interest in the same collateral that is perfected other than by such a filed
financing statement.

(b) The other provisions of this part 3 determine the priority among
conflicting security interests in the same collateral perfected by filed financing
statements described in subsection (a) of this section. 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.

Colorado § 4-9-326 (Priority of security interests created by new debtor) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.

Legislative History

Source: L. 2001: Entire article R&RE, p. 1362, � 1, effective July 1. L. 2012: Entire section amended, (HB 12-1262), ch. 170, p. 599, � 7, effective July 1, 2013.