Current with legislation from 2024 received as of August 15, 2024.
Section 1309.325 - Priority of security interests in transferred collateral - UCC 9-325(A) Except as otherwise provided in division (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) Division (A) of this section subordinates a security interest only if the security interest: (1) Otherwise would have priority solely under division (A) of section 1309.322 or section 1309.324 of the Revised Code; or(2) Arose solely under division (C) of section 1302.85 or division (E) of section 1310.54 of the Revised Code. Effective Date: 7/1/2001 .