§ 62A.9A-326. Priority of security interests created by new debtor
(a) Subordination of security interest created by new debtor. Subject to subsection (b) of this section, a security interest created by a new debtor which is perfected by a filed financing statement that is effective solely under RCW 62A.9A-508 in collateral in which a new debtor has or acquires rights is subordinate to a security interest in the same collateral which is perfected other than by a filed financing statement that is effective solely under RCW 62A.9A-508.
(b) Priority under other provisions; multiple original debtors. The other provisions of this part determine the priority among conflicting security interests in the same collateral perfected by filed financing statements that are effective solely under RCW 62A.9A-508. However, if the security agreements to which a new debtor became bound as debtor were not entered into by the same original debtor, the conflicting security interests rank according to priority in time of the new debtor's having become bound.
[2000 c 250 § 9A-326.]
Sections: Previous 62A.9A-319 62A.9A-320 62A.9A-321 62A.9A-322 62A.9A-323 62A.9A-324 62A.9A-325 62A.9A-326 62A.9A-327 62A.9A-328 62A.9A-329 62A.9A-330 62A.9A-331 62A.9A-332 62A.9A-333 NextLast modified: April 7, 2009