{"data":{"id":"us-tx/tex.-business-commerce-code-9.326","jurisdiction":"us-tx","citation":"Tex. Business \u0026 Commerce Code § 9.326","heading":"PRIORITY OF SECURITY INTERESTS CREATED BY NEW DEBTOR.","body":"(a) Subject to Subsection (b), 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 interest but for the application of Section 9.508 or of Sections 9.508 and 9.316(i)(1) is subordinate to a security interest in the same collateral that is perfected other than by such a filed financing statement.\n(b) The other provisions of this subchapter determine the priority among conflicting security interests in the same collateral perfected by filed financing statements described in Subsection (a). 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.\nAdded by Acts 1999, 76th Leg., ch. 414, Sec. 1.01, eff. July 1, 2001.\nAmended by:\nActs 2011, 82nd Leg., R.S., Ch. 67 (S.B. 782), Sec. 8, eff. July 1, 2013.","path":["BUSINESS AND COMMERCE CODE","TITLE 1. UNIFORM COMMERCIAL CODE","CHAPTER 9. SECURED TRANSACTIONS","SUBCHAPTER C. PERFECTION AND PRIORITY"],"source_url":"https://statutes.capitol.texas.gov/Docs/BC/htm/BC.9.htm#9.326","current_through":"89th 2nd Called Legislative Session, 2025","vintage":"","retrieved_at":"2026-08-27T01:46:56Z","sha256":"c7737af2d8817b53e63d8ab57c6a2dcd7a6e57d31aaafcab7af015d5e951510e","source_id":"us-tx","stale":false,"prev":"us-tx/tex.-business-commerce-code-9.325","next":"us-tx/tex.-business-commerce-code-9.327"},"notice":"GroundRules: Original legal text. Not legal advice."}