2014 Wyoming Statutes
TITLE 34.1 - UNIFORM COMMERCIAL CODE
ARTICLE 9 - SECURED TRANSACTIONS
34.1-9-325. Priority of security interests in transferred collateral.


WY Stat § 34.1-9-325 (2014) What's This?

34.1-9-325. Priority of security interests in transferred collateral.

(a) 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:

(i) The debtor acquired the collateral subject to the security interest created by the other person;

(ii) The security interest created by the other person was perfected when the debtor acquired the collateral; and

(iii) There is no period thereafter when the security interest is unperfected.

(b) Subsection (a) subordinates a security interest only if the security interest:

(i) Otherwise would have priority solely under section 34.1-9-322(a) or 34.1-9-324; or

(ii) Arose solely under section 34.1-2-711(c) or 34.1-2A-508(e).

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