Kansas § 84-9-325 Priority of security interests in transferred collateral

Kansas Statutes

§ 84-9-325 — Priority of security interests in transferred collateral

Kansas·Ch. 84 UNIFORM COMMERCIAL CODE·Art. 9 SECURED TRANSACTIONS

(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 K.S.A. 2024 Supp. 84-9-322(a) or 84-9-324, and amendments thereto; or

(2)arose solely und

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(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 K.S.A. 2024 Supp. 84-9-322(a) or 84-9-324, and amendments thereto; or
(2) arose solely under K.S.A. 84-2-711(3) or 84-2a-508(5), and amendments thereto.

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