South Carolina § 36-9-325 Priority of security interests in transferred collateral.

South Carolina Statutes

§ 36-9-325 — Priority of security interests in transferred collateral.

South Carolina § 36-9-325

Title 36COMMERCIAL CODE

Ch. 9COMMERCIAL CODE—SECURED TRANSACTIONS

This text of South Carolina § 36-9-325 (Priority of security interests in transferred collateral.) is published on Counsel Stack Legal Research, covering South Carolina primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

S.C. Code Ann. § 36-9-325 (2026).

Text

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

(1)otherwise would have priority solely under Section 36-9-322(a) or 36-9-324; or (2) arose solely under Section 36-2-711(3) or 36-2A-508(5).

Free access — add to your briefcase to read the full text and ask questions with AI

(a) 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) Subsection (a) subordinates a security interest only if the security interest: (1) otherwise would have priority solely under Section 36-9-322(a) or 36-9-324; or (2) arose solely under Section 36-2-711(3) or 36-2A-508(5).