Ohio § 1309.326 Priority of security interests created by new debtor - UCC 9-326

Ohio Statutes

§ 1309.326 — Priority of security interests created by new debtor - UCC 9-326

Ohio § 1309.326

Title 13Commercial Transactions

Ch. 1309Secured Transactions

This text of Ohio § 1309.326 (Priority of security interests created by new debtor - UCC 9-326) is published on Counsel Stack Legal Research, covering Ohio primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Ohio Rev. Code Ann. § 1309.326 (2026).

Text

(A)Subject to division (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 division (I)(1) of section1309.316of the Revised Code or section1309.508of the Revised Code is subordinate to a security interest in the same collateral that is perfected other than by such a filed financing statement.

(B)Sections1309.301to1309.342of the Revised Code determine the priority among conflicting security interests in the same collateral perfected by filed financing statements described in division (A) of this section. However, if the security agreements to which a new deb

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(A) Subject to division (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 division (I)(1) of section1309.316of the Revised Code or section1309.508of the Revised Code is subordinate to a security interest in the same collateral that is perfected other than by such a filed financing statement.

(B) Sections1309.301to1309.342of the Revised Code determine the priority among conflicting security interests in the same collateral perfected by filed financing statements described in division (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.