2011 Kansas Code
Chapter 84. - UNIFORM COMMERCIAL CODE
Article 9. - SECURED TRANSACTIONS
84-9-326 Priority of security interests created by new debtor.
84-9-326. Priority of security interests created by new debtor. (a) Subordination of security interest created by new debtor. Subject to subsection (b), a security interest created by a new debtor which is perfected by a filed financing statement that is effective solely under K.S.A. 2010 Supp. 84-9-508 and amendments thereto in collateral in which a new debtor has or acquires rights is subordinate to a security interest in the same collateral which is perfected other than by a filed financing statement that is effective solely under K.S.A. 2010 Supp. 84-9-508 and amendments thereto.
(b) Priority under other provisions; multiple original debtors. The other provisions of this part determine the priority among conflicting security interests in the same collateral perfected by filed financing statements that are effective solely under section 19 [K.S.A. 2010 Supp. 84-9-508] and amendments thereto. 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.
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