9326 - Priority of security interests created by new debtor. - Pennsylvania Statutes

§ 9326. Priority of security interests created by new debtor. (a) Subordination of security interest created by new debtor.--Subject to subsection (b), a security interest created by a new debtor which is perfected by a filed financing statement which is effective solely under section 9508 (relating to effectiveness of financing statement if new debtor becomes bound by security agreement) in collateral in which a new debtor has or acquires rights is subordinate to a security interest in the same collateral which is perfected other than by a filed financing statement which is effective solely under section 9508. (b) Priority under other provisions; multiple original debtors.--The other provisions of this chapter determine the priority among conflicting security interests in the same collateral perfected by filed financing statements which are effective solely under section 9508. However, if the security agreements to which a new debtor became bound as debtor were not entered into by the same original debtor, the conflicting security interests rank according to priority in time of the new debtor's having become bound.