Oklahoma § 12A-1-9-325 Priority of security interests in transferred

Oklahoma Statutes

§ 12A-1-9-325 — Priority of security interests in transferred

Oklahoma·Title 12A Uniform Commercial Code

collateral. PRIORITY OF SECURITY INTERESTS IN TRANSFERRED COLLATERAL (a) Except as otherwise provided in subsection (b) of this section, 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)Subsection (a) of this section subordinates a security interest only if the security interest:

(1)otherwise would have priority solely under subsection (a) of Section 1-9-322 or Section 1-9-324 of this title; or (2) arose solely under p

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collateral. PRIORITY OF SECURITY INTERESTS IN TRANSFERRED COLLATERAL (a) Except as otherwise provided in subsection (b) of this section, 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) Subsection (a) of this section subordinates a security interest only if the security interest: (1) otherwise would have priority solely under subsection (a) of Section 1-9-322 or Section 1-9-324 of this title; or (2) arose solely under paragraph (3) of Section 2-711 or paragraph (5) of Section 2A-508 of this title.

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