{"data":{"id":"us-wi/wis.-stat.-409.325","jurisdiction":"us-wi","citation":"Wis. Stat. § 409.325","heading":"Priority of security interests in transferred collateral.","body":"(1) Subordination of security interest in transferred collateral. Except as otherwise provided in sub. (2), a security interest created by a debtor is subordinate to a security interest in the same collateral created by another person if:\n(a) The debtor acquired the collateral subject to the security interest created by the other person;\n(b) The security interest created by the other person was perfected when the debtor acquired the collateral; and\n(c) There is no period thereafter when the security interest is unperfected.\n(2) Limitation of sub. (1) subordination. Subsection (1) subordinates a security interest only if the security interest:\n(a) Otherwise would have priority solely under s. 409.322 (1) or 409.324; or\n(b) Arose solely under s. 402.711 (3) or 411.508 (5).","path":["Chs. 401-411, Uniform Commercial Code","Chapter 409 Uniform Commercial Code — Secured Transactions","SUBCHAPTER III PERFECTION AND PRIORITY"],"source_url":"https://docs.legis.wisconsin.gov/document/statutes/409.325","current_through":"2023-24 Wisconsin Statutes updated through 2025 Wis. Act 247 (published 9-4-26)","vintage":"","retrieved_at":"2026-09-05T12:01:22Z","sha256":"10500737465354fcb62f5d9fe9edc159d5eaeb894e0a6a9f12243694326f0eee","source_id":"us-wi","stale":false,"prev":"us-wi/wis.-stat.-409.3245","next":"us-wi/wis.-stat.-409.326"},"notice":"GroundRules: Original legal text. Not legal advice."}