Missouri Revised Statutes
Chapter 400
Uniform Commercial Code
←400.09-325
Section 400.9-326.1
400.09-327→
August 28, 2015
Priority of security interests created by new debtor.
400.9-326. (a) 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 be ineffective to perfect the security interest but for the
application of section 400.9-316(i)(1) or 400.9-508 is subordinate to a
security interest in the same collateral which is perfected other than by
such a filed financing statement.
(b) The other provisions of this part determine the priority among
conflicting security interests in the same collateral perfected by filed
financing statements described in subsection (a). 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.
(L. 2001 S.B. 288, A.L. 2013 H.B. 212, A.L. 2014 H.B. 1376)
2013
2001
2013
400.9-326. (a) 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 be effective* to perfect the security interest but for the
application of section 400.9-508 is subordinate to a security interest in
the same collateral which is perfected other than by such a filed financing
statement.
(b) The other provisions of this part determine the priority among
conflicting security interests in the same collateral perfected by filed
financing statements described in subsection (a). 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.
2001
400.9-326. (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 400.9-508 in collateral in which a new debtor
has or acquires rights is subordinate to a security interest in the same
collateral which is perfected other than by a filed financing statement that
is effective solely under section 400.9-508.
(b) 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 400.9-508.
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.
Top
Missouri General Assembly
Copyright © Missouri Legislature, all rights reserved.
