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2020 Georgia Code
Title 11 - Commercial Code
Article 9 - Secured Transactions
Part 3 - Perfection and Priority
§ 11-9-325. Priority of Security Interests in Transferred Collateral
Universal Citation: GA Code § 11-9-325 (2020)
- Subordination of security interest in transferred collateral. Except as otherwise provided in subsection (b) of this Code section, a security interest created by a debtor is subordinate to a security interest in the same collateral created by another person if:
- The debtor acquired the collateral subject to the security interest created by the other person;
- The security interest created by the other person was perfected when the debtor acquired the collateral; and
- There is no period thereafter when the security interest is unperfected.
- Limitation of subsection (a) of this Code section subordination. Subsection (a) of this Code section subordinates a security interest only if the security interest:
- Otherwise would have priority solely under subsection (a) of Code Section 11-9-322 or Code Section 11-9-324; or
- Arose solely under subsection (3) of Code Section 11-2-711 or subsection (5) of Code Section 11-2A-508.
(Code 1981, §11-9-325, enacted by Ga. L. 2001, p. 362, § 1.)
RESEARCH REFERENCES
U.L.A.
- Uniform Commercial Code (U.L.A.) § 9-325.
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