47-9325. Priority of security interests in
transferred collateral


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 other person;


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 47-9322, subsection A or
section 47-9324; or


2. Arose solely under section 47-2711, subsection C or section 47-2A508, subsection
E.