KRS 355.9-326: Priority of security interests created by new debtor.

(1) Subject to subsection (2) of this section, a security interest that is created by a new

debtor in collateral in which the new debtor has or acquires rights and perfected by

a filed financing statement that would be ineffective to perfect the security inter est

but for the application of KRS 355.9 -508, or KRS 355.9 -316(9)(a) and 355.9 -508,

is subordinate to a security interest in the same collateral which is perfected other

than by a filed financing statement that is effective solely under KRS 355.9-508.

(2) The other provisions of this part of this article determine the priority among

conflicting security interests in the same collateral perfected by filed financing

statements described in subsection (1) 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.