Section 7-9A-322 – Priorities Among Conflicting Security Interests in and Agricultural Liens on Same Collateral.
Section 7-9A-322 Priorities among conflicting security interests in and agricultural liens on same collateral. (a) General priority rules. Except 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: (1) Conflicting perfected security interests and agricultural liens rank according to […]
Section 7-9A-338 – Priority of Security Interest or Agricultural Lien Perfected by Filed Financing Statement Providing Certain Incorrect Information.
Section 7-9A-338 Priority of security interest or agricultural lien perfected by filed financing statement providing certain incorrect information. If a security interest or agricultural lien is perfected by a filed financing statement providing information described in Section 7-9A-516(b)(5) which is incorrect at the time the financing statement is filed: (1) the security interest or agricultural […]
Section 7-9A-323 – Future Advances.
Section 7-9A-323 Future advances. (a) When priority based on time of advance. Except as otherwise provided in subsection (c), for purposes of determining the priority of a perfected security interest under Section 7-9A-322(a)(1), perfection of the security interest dates from the time an advance is made to the extent that the security interest secures an […]
Section 7-9A-339 – Priority Subject to Subordination.
Section 7-9A-339 Priority subject to subordination. This article does not preclude subordination by agreement by a person entitled to priority. (Act 2001-481, p. 647, §1.)
Section 7-9A-324 – Priority of Purchase-Money Security Interests.
Section 7-9A-324 Priority of purchase-money security interests. (a) General rule: Purchase-money priority. Except as otherwise provided in subsection (g), a perfected purchase-money security interest in goods other than inventory or livestock has priority over a conflicting security interest in the same goods, and, except as otherwise provided in Section 7-9A-327, a perfected security interest in […]
Section 7-9A-325 – Priority of Security Interests in Transferred Collateral.
Section 7-9A-325 Priority of security interests in transferred collateral. (a) Subordination of security interest in transferred collateral. Except as otherwise provided in subsection (b), a security interest created by a debtor is subordinate to a security interest in the same collateral created by another person if: (1) the debtor acquired the collateral subject to the […]
Section 7-9A-326 – Priority of Security Interests Created by New Debtor.
Section 7-9A-326 Priority of security interests created by new debtor. (a) Subordination of security interest created by new debtor. 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 is perfected solely by a filed financing statement that would […]
Section 7-9A-327 – Priority of Security Interests in Deposit Account.
Section 7-9A-327 Priority of security interests in deposit account. The following rules govern priority among conflicting security interests in the same deposit account: (1) A security interest held by a secured party having control of the deposit account under Section 7-9A-104 has priority over a conflicting security interest held by a secured party that does […]
Section 7-9A-328 – Priority of Security Interests in Investment Property.
Section 7-9A-328 Priority of security interests in investment property. The following rules govern priority among conflicting security interests in the same investment property: (1) A security interest held by a secured party having control of investment property under Section 7-9A-106 has priority over a security interest held by a secured party that does not have […]
Section 7-9A-329 – Priority of Security Interests in Letter-of-Credit Right.
Section 7-9A-329 Priority of security interests in letter-of-credit right. The following rules govern priority among conflicting security interests in the same letter-of-credit right: (1) A security interest held by a secured party having control of the letter-of-credit right under Section 7-9A-107 has priority to the extent of its control over a conflicting security interest held […]