Priority of security interests in transferred collateral.

  1. Law
  2. Colorado Revised Statutes
  3. Uniform Commercial Code
  4. Secured Transactions
  5. Priority of security interests in transferred collateral.

Checkout our iOS App for a better way to browser and research.

(a) Except as otherwise provided in subsection (b) of this section, a security interest created by a debtor is subordinate to a security interest in the same collateral created by another person if:

  1. The debtor acquired the collateral subject to the security interest created by the otherperson;

  2. The security interest created by the other person was perfected when the debtor acquired the collateral; and

  3. There is no period thereafter when the security interest is unperfected.

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

  1. Otherwise would have priority solely under section 4-9-322 (a) or 4-9-324; or

  2. Arose solely under section 4-2-711 (3) or 4-2.5-508 (5).

Source: L. 2001: Entire article R&RE, p. 1362, § 1, effective July 1.


Download our app to see the most-to-date content.