Prior security interest to be set forth in subsequent security agreement

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§ 2074. Prior security interest to be set forth in subsequent security agreement

A debtor shall not execute a second or subsequent security agreement covering collateral that is the subject of a previously existing security agreement made by the debtor unless the existence of the previous security agreement is set forth in the subsequent security agreement. (Added 1966, No. 29 (Sp. Sess.), § 22.)


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