Florida Statutes 679.325 – Priority of security interests in transferred collateral
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(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;
Terms Used In Florida Statutes 679.325
- person: includes individuals, children, firms, associations, joint adventures, partnerships, estates, trusts, business trusts, syndicates, fiduciaries, corporations, and all other groups or combinations. See Florida Statutes 1.01
(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.