§ 9–325
Statutes in effect as of October 1, 2026.
Md. Code Ann., Com. Law § 9-325 (2026)
Title 9. Secured Transactions
Subtitle 3. Perfection and Priority
§ 9–325LinkCopy Citation
(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 § 9-322(a) or § 9-324; or
(2)
Arose solely under § 2-711(3) or § 2A-508(5) of this article.