{"data":{"id":"us-mi/mich.-comp.-laws-440.9322","jurisdiction":"us-mi","citation":"Mich. Comp. Laws § 440.9322","heading":"Priorities among conflicting security interests in and agricultural liens on same collateral.","body":"Sec. 9322.\n\nExcept as otherwise provided in this section, priority among conflicting security interests and agricultural liens in the same collateral is determined according to the following rules:\n\nConflicting perfected security interests and agricultural liens rank according to priority in time of filing or perfection. Priority dates from the earlier of the time a filing covering the collateral is first made or the security interest or agricultural lien is first perfected, if there is no period thereafter when there is neither filing nor perfection.\n\nA perfected security interest or agricultural lien has priority over a conflicting unperfected security interest or agricultural lien.\n\nThe first security interest or agricultural lien to attach or become effective has priority if conflicting security interests and agricultural liens are unperfected.\n\nFor the purposes of subsection (1)(a), both of the following apply:\n\nThe time of filing or perfection as to a security interest in collateral is also the time of filing or perfection as to a security interest in proceeds.\n\nThe time of filing of perfection as to a security interest in collateral supported by a supporting obligation is also the time of filing or perfection as to a security interest in the supporting obligation.\n\nExcept as otherwise provided in subsection (6), a security interest in collateral that qualifies for priority over a conflicting security interest under section 9327, 9328, 9329, 9330, or 9331 also has priority over a conflicting security interest in 1 or more of the following:\n\nAny supporting obligation for the collateral.\n\nProceeds of the collateral if all of the following are met:\n\nThe security interest in proceeds is perfected.\n\nThe proceeds are cash proceeds or of the same type as the collateral.\n\nIn the case of proceeds that are proceeds of proceeds, all intervening proceeds are cash proceeds, proceeds of the same type as the collateral, or an account relating to the collateral.\n\nSubject to subsection (5) and except as otherwise provided in subsection (6), if a security interest in chattel paper, deposit accounts, negotiable documents, instruments, investment property, or letter-of-credit rights is perfected by a method other than filing, conflicting perfected security interests in proceeds of the collateral rank according to priority in time of filing.\n\nSubsection (4) applies only if the proceeds of the collateral are not cash proceeds, chattel paper, negotiable documents, instruments, investment property, or letter-of-credit rights.\n\nSubsections (1) through (5) are subject to all of the following:\n\nSubsection (7) and the other provisions of this part.\n\nSection 4210 with respect to a security interest of a collecting bank.\n\nSection 5118 with respect to a security interest of an issuer or nominated person.\n\nSection 9110 with respect to a security interest arising under article 2 or 2A.\n\nA perfected agricultural lien on collateral has priority over a conflicting security interest in or agricultural lien on the same collateral if the statute creating the agricultural lien so provides.","path":["MI Code","Chapter 440","Act Act-174-of-1962"],"source_url":"https://www.legislature.mi.gov/Laws/MCL?objectName=mcl-440-9322","current_through":"2026-08-14","vintage":"open-us-law v2026.08, retrieved 2026-09-14","retrieved_at":"2026-09-14T18:32:31Z","sha256":"f7b8d5af8b08373dcaf6335201f5ad3afd18b73bc3f56c4ffb93cd8da57ede62","source_id":"us-mi","stale":false,"prev":"us-mi/mich.-comp.-laws-440.9321","next":"us-mi/mich.-comp.-laws-440.9323"},"notice":"GroundRules: Original legal text. Not legal advice."}