{"data":{"id":"us-vt/9a-v.s.a.-9-325","jurisdiction":"us-vt","citation":"9A V.S.A. § 9—325","heading":"Priority of security interests in transferred collateral","body":"(a) Except as otherwise provided in subsection (b) of this section, a security interest created by a debtor is subordinate to a security interest in the same collateral created by another person if:\n(1) the debtor acquired the collateral subject to the security interest created by the other person;\n(2) the security interest created by the other person was perfected when the debtor acquired the collateral; and\n(3) there is no period thereafter when the security interest is unperfected.\n(b) Subsection (a) of this section subordinates a security interest only if the security interest:\n(1) otherwise would have priority solely under subsection 9—322(a) or section 9—324 of this title; or\n(2) arose solely under subsection 2—711(3) or 2A—508(5) of this title.","path":["Title 9A: Uniform Commercial Code","Article 009: Secured Transactions"],"source_url":"https://legislature.vermont.gov/statutes/fullchapter/09A/009","current_through":"2025 session","vintage":"","retrieved_at":"2026-09-05T14:57:21Z","sha256":"a9417ca4ac48d3fca2f539009406d6951f74e2da02709da33f40cc07f25d94ce","source_id":"us-vt","stale":false,"prev":"us-vt/9a-v.s.a.-9-324a","next":"us-vt/9a-v.s.a.-9-326"},"notice":"GroundRules: Original legal text. Not legal advice."}