GroundRules
← Search the law
District of Columbia · Through 2026-08-20 (D.C. Law 26-175)

D.C. Code § 28:9-325: Priority of security interests in transferred collateral.

Read at publisher ↗
Where this section sits in the code
  1. Title 28. Commercial Instruments and Transactions. [Enacted title]
  2. Subtitle I. Uniform Commercial Code.
  3. Article 9. Secured Transactions.
  4. Part III. Perfection and Priority.
  5. Subpart 3. Priority.

(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 § 28:9-322(a) or 28:9-324; or

(2)

Arose solely under § 28:2-711(3) or 2A-508(5).

Collected 2026-08-29T05:44:07Z. Source file · JSON

Browse this collection