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

  1. Law
  2. Oregon Revised Statutes
  3. Business Organizations, Commercial Code
  4. Secured Transactions
  5. UCC 9-325. Priority of security interests in transferred collateral.

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

(a) Otherwise would have priority solely under ORS 79.0322 (1) or 79.0323; or

(b) Arose solely under ORS 72.7110 (3) or 72A.5080 (5). [2001 c.445 §45]


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