24.44.250 Priority of Security Interests in Transferred Collateral

(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 subsection (a) of Section 24.44.220 or section 24,4244; or

(2) Arose solely under subsection (c) of Section 24.46.180 or subsection (e) of Section 24.13.080.