{"data":{"id":"us-mi/mich.-comp.-laws-440.9325","jurisdiction":"us-mi","citation":"Mich. Comp. Laws § 440.9325","heading":"Priority of security interests in transferred collateral.","body":"Sec. 9325.\n\nExcept as otherwise provided in subsection (2), a security interest created by a debtor is subordinate to a security interest in the same collateral created by another person if all of the following are met:\n\nThe debtor acquired the collateral subject to the security interest created by the other person.\n\nThe security interest created by the other person was perfected when the debtor acquired the collateral.\n\nThere is no period thereafter when the security interest is unperfected.\n\nSubsection (1) subordinates a security interest only if the security interest otherwise would have priority solely under section 9322(1) or 9324, or arose solely under section 2711(3) or 2A508(5).","path":["MI Code","Chapter 440","Act Act-174-of-1962"],"source_url":"https://www.legislature.mi.gov/Laws/MCL?objectName=mcl-440-9325","current_through":"2026-08-14","vintage":"open-us-law v2026.08, retrieved 2026-09-14","retrieved_at":"2026-09-14T18:32:31Z","sha256":"564550042e937e1707bba71981ab87b84c4d4ac23861a3edca4982700fe87bde","source_id":"us-mi","stale":false,"prev":"us-mi/mich.-comp.-laws-440.9324","next":"us-mi/mich.-comp.-laws-440.9326"},"notice":"GroundRules: Original legal text. Not legal advice."}