§ 34.1-9-326 — Priority of security interests created by new debtor

(a) Subject to subsection (b), 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 W.S.
34.1-9-316(j)(i) or 34.1-9-508 is subordinate to a security
interest in the same collateral which is perfected other than by
such a filed financing statement.
(b) The other provisions of this part determine the
priority among conflicting security interests in the same
collateral perfected by filed financing statements described in
subsection (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.