Priority of security interests in transferred collateral
9A V.S.A. § 9—325
in effect9—325. Priority of security interests in transferred collateral
(a) 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) Subsection (a) of this section subordinates a security interest only if the security interest:
(1) otherwise would have priority solely under subsection 9—322(a) or section 9—324 of this title; or
(2) arose solely under subsection 2—711(3) or 2A—508(5) of this title.
Added 1999, No. 106 (Adj. Sess.), § 2, eff. July 1, 2001.
Source: Vermont General Assembly (legislature.vermont.gov)URL: https://legislature.vermont.gov/statutes/section/09A/009/00325Fetched: 10/21/2026