Okla. Stat. tit. 12A, § 12A-1-9-326
This is the official text of Okla. Stat. tit. 12A, § 12A-1-9-326, part of Oklahoma’s Stat. tit. 12A, — part of the compiled statutory law of Oklahoma, published by the state as "Stat. tit. 12A,." Browse the sections below, each linked to its official government source.
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Priority of security interests created by new debtor
Official statutory text
PRIORITY OF SECURITY INTERESTS CREATED BY NEW DEBTOR
(a) Subject to subsection (b) of this section, a security
interest that is created by a new debtor in collateral in which the
new debtor has or acquires rights and perfected by a filed financing
statement that would be ineffective to perfect the security interest
but for the application of Section 1-9-508 of this title or Section
1-9-508 and paragraph (l) of subsection (i) of Section 1-9-316 of
this title is subordinate to a security interest in the same
collateral which is perfected other than by such a filed financing
statement.
(b) The other provisions of this part determine the priority
among conflicting security interests in the same collateral
perfected by filed financing statements described in subsection (a)
of this section. 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.
(a) Subject to subsection (b) of this section, a security
interest that is created by a new debtor in collateral in which the
new debtor has or acquires rights and perfected by a filed financing
statement that would be ineffective to perfect the security interest
but for the application of Section 1-9-508 of this title or Section
1-9-508 and paragraph (l) of subsection (i) of Section 1-9-316 of
this title is subordinate to a security interest in the same
collateral which is perfected other than by such a filed financing
statement.
(b) The other provisions of this part determine the priority
among conflicting security interests in the same collateral
perfected by filed financing statements described in subsection (a)
of this section. 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.
Status: in_force · Read it on the official government site
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