Montana § 30-9A-325 Priority Of Security Interests In Transferred Collateral

Montana Statutes

§ 30-9A-325 — Priority Of Security Interests In Transferred Collateral

Montana·Title 30 TRADE AND COMMERCE·Ch. 9A UNIFORM COMMERCIAL CODE SECURED TRANSACTIONS·Part 3 Perfection and Priority

30-9A-325 . Priority of security interests in transferred collateral.

(1)Except as otherwise provided in subsection (2), a security interest created by a debtor is subordinate to a security interest in the same collateral created by another person if:

(a)the debtor acquired the collateral subject to the security interest created by the other person;

(b)the security interest created by the other person was perfected when the debtor acquired the collateral; and

(c)there is no period thereafter when the security interest is unperfected.

(2)Subsection (1) subordinates a security interest only if the security interest:

(a)otherwise would have priority solely under 30-9A-322 (1) or 30-9A-324 ; or

(b)arose solely under 30-2-711 (3) or 30-2A-508 (5).

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30-9A-325 . Priority of security interests in transferred collateral. (1) Except as otherwise provided in subsection (2), a security interest created by a debtor is subordinate to a security interest in the same collateral created by another person if:
(a) the debtor acquired the collateral subject to the security interest created by the other person;
(b) the security interest created by the other person was perfected when the debtor acquired the collateral; and
(c) there is no period thereafter when the security interest is unperfected.
(2) Subsection (1) subordinates a security interest only if the security interest:
(a) otherwise would have priority solely under 30-9A-322 (1) or 30-9A-324 ; or
(b) arose solely under 30-2-711 (3) or 30-2A-508 (5).

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