New York § 9-326 Priority of Security Interests Created by New Debtor

New York Statutes

§ 9-326 — Priority of Security Interests Created by New Debtor

New York § 9-326

JurisdictionNew York

Law UCCUniform Commercial Code

Part 3Perfection and Priority

Subpart 3Priority

Art. 9Secured Transactions

This text of New York § 9-326 (Priority of Security Interests Created by New Debtor) is published on Counsel Stack Legal Research, covering New York primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

N.Y. Uniform Commercial Code § 9-326 (2026).

Text

Section 9--326. Priority of Security Interests Created by New Debtor.\n  (a) Subordination of security interest created by new debtor. Subject\nto subsection (b), a security interest that is created by a new debtor\nin collateral in which the new debtor has or acquires rights and is\nperfected solely by a filed financing statement that would be\nineffective to perfect the security interest but for the application of\nSection 9--316(i)(1) or 9--508 is subordinate to a security interest in\nthe same collateral which is perfected other than by such a filed\nfinancing statement.\n  (b) Priority under other provisions; multiple original debtors. The\nother provisions of this part determine the priority among conflicting\nsecurity interests in the same collateral perfected by filed financing\nst

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Section 9--326. Priority of Security Interests Created by New Debtor.\n (a) Subordination of security interest created by new debtor. Subject\nto subsection (b), a security interest that is created by a new debtor\nin collateral in which the new debtor has or acquires rights and is\nperfected solely by a filed financing statement that would be\nineffective to perfect the security interest but for the application of\nSection 9--316(i)(1) or 9--508 is subordinate to a security interest in\nthe same collateral which is perfected other than by such a filed\nfinancing statement.\n (b) Priority under other provisions; multiple original debtors. The\nother provisions of this part determine the priority among conflicting\nsecurity interests in the same collateral perfected by filed financing\nstatements described in subsection (a). However, if the security\nagreements to which a new debtor became bound as debtor were not entered\ninto by the same original debtor, the conflicting security interests\nrank according to priority in time of the new debtor's having become\nbound.\n