Corpus

Priority of security interests in transferred collateral.

Miss. Code Ann. § 75-9-325
in effect
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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: The debtor acquired the collateral subject to the security interest created by the other person; The security interest created by the other person was perfected when the debtor acquired the collateral; and There is no period thereafter when the security interest is unperfected. Subsection (a) subordinates a security interest only if the security interest: Otherwise would have priority solely under Section 75-9-322(a) or 75-9-324; or Arose solely under Section 75-2-711(3) or 75-2A-508(5).
Priority of security interests in transferred collateral. | Corpus