Florida Statutes § 679.325 — Priority of security interests in transferred collateral.
Search Florida StatutesFrom the Legislature's 2026 edition, which includes changes effective through January 1, 2027. Later effective dates are retained in each section's source notes.
Part III — PERFECTION AND PRIORITY
(1) Except as otherwise provided in subsection (2), a security interest created by a debtor is subordinate to a security interest in the same collateral created by another person if:
(a) The debtor acquired the collateral subject to the security interest created by the other person;
(b) The security interest created by the other person was perfected when the debtor acquired the collateral; and
(c) There is no period thereafter during which the security interest is unperfected.
(2) Subsection (1) subordinates a security interest only if the security interest:
(a) Otherwise would have priority solely under s. 679.322(1) or s. 679.324; or
(b) Arose solely under s. 672.711(3) or s. 680.508(5).
History
History.—s. 3, ch. 2001-198.
Source captured on 2026-10-10. Read the official chapter.