Mo. Rev. Stat. § 400.9-325
Priority in security interests in transferred collateral
Missouri · Revised Statutes of Missouri Chapter 400 — Uniform Commercial Code · Status: effective · Effective 2001-07-01
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- Citation
- Mo. Rev. Stat. § 400.9-325, Priority in security interests in transferred collateral, Missouri, version 1 as recorded 2026-09-29, yourstate.us, https://yourstate.us/provision/1815265
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Full text
(a) Except as otherwise provided in subsection (b), 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) subordinates a security interest only if the security interest:
(1) Otherwise would have priority solely under section 400.9-322(a) or 400.9-324; or
(2) Arose solely under section 400.2-711(3) or 400.2A-508(5).