Title 70A - Uniform Commercial Code - Chapter 9a - Uniform Commercial Code - Secured Transactions - Part 3 - Perfection and Priority - Section 325 - Priority of security interests in transferred collateral.

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Utah Code

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70A-9a-325 Priority of security interests in transferred collateral. (1) Except as otherwise provided in Subsection (2), a security interest created by a debtor is

subordinate to a security interest in the same collateral created by another person if: (a) the debtor acquired the collateral subject to the security interest created by the other person; (b) the security interest created by the other person was perfected when the debtor acquired the

collateral; and (c) there is no period thereafter when the security interest is unperfected.

(2) Subsection (1) subordinates a security interest only if the security interest: (a) otherwise would have priority solely under Subsection 70A-9a-322(1) or Section 70A-9a-324;

or (b) arose solely under Subsection 70A-2-711(3) or 70A-2a-508(5).

Enacted by Chapter 252, 2000 General Session