2011 Vermont Code
Title 09A Uniform Commercial Code
Article 9 Secured Transactions
§ 326 Priority of security interests created by new debtor
§ 9-326. Priority of security interests created by new debtor
(a) 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 section 9-508 in collateral in which a new debtor has or acquires rights is subordinate to a security interest in the same collateral which is perfected by another method.
(b) If more than one security interest in the same collateral is subordinate under subsection (a), the other provisions of this part determine the priority among the subordinated security interests. (Added 1999, No. 106 (Adj. Sess.), § 2, eff. July 1, 2001.)
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