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Idaho Code · § 28-9-325 — Priority of security interests in transferred collateral

28-9-325. 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 section 28-9-322(a) or 28-9-324; or

(2) Arose solely under section 28-2-711(3) or 28-12-508(5).

Source notes
History and annotations

28-9-325, added 2001, ch. 208, sec. 2, p. 748.

Official source for this version

Source captured 2026-09-26. Open the official source.

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