South Dakota § 57A-9-325 Subordination of security interest created by debtor to security interest created by another person.

South Dakota Statutes

§ 57A-9-325 — Subordination of security interest created by debtor to security interest created by another person.

South Dakota § 57A-9-325

Title 57AUNIFORM COMMERCIAL CODE

Ch. 57A-6SECURED TRANSACTIONS

This text of South Dakota § 57A-9-325 (Subordination of security interest created by debtor to security interest created by another person.) is published on Counsel Stack Legal Research, covering South Dakota primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

S.D. Codified Laws § 57A-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 § 57A-9-322(a) or 57A-9-324 ; or (2) Arose solely under § 57A-2-711(3) or 57A-2A-508(5).

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(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 § 57A-9-322(a) or 57A-9-324 ; or (2) Arose solely under § 57A-2-711(3) or 57A-2A-508(5).