W. Va. Code § 46-9-325
Priority of security interests in transferred collateral
West Virginia · West Virginia Code Chapter 46 — Uniform Commercial Code · Status: effective
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- Citation
- W. Va. Code § 46-9-325, Priority of security interests in transferred collateral, West Virginia, version 1 as recorded 2026-10-03, yourstate.us, https://yourstate.us/provision/2387754
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Full text
(a) Subordination of security interest in transferred collateral. 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) Limitation of subsection (a) subordination. Subsection (a) of this section subordinates a security interest only if the security interest:
(1) Otherwise would have priority solely under section 9-322(a) or 9-324; or
(2) Arose solely under section 2-711(3) or 2A-508(5).