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 (a) of Section 1-9-322 or Section 1-9-324 of this title; or(2) arose solely under paragraph (3) of Section 2-711 or paragraph (5) of Section 2A-508 of this title.Added by Laws 2000, c. 371, § 52, eff. July 1, 2001.
Oklahoma Legal Code