D.C. Code § 28:9-325: Priority of security interests in transferred collateral.
Where this section sits in the code
- Title 28. Commercial Instruments and Transactions. [Enacted title]
- Subtitle I. Uniform Commercial Code.
- Article 9. Secured Transactions.
- Part III. Perfection and Priority.
- 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