Sec. 9.325.  PRIORITY OF SECURITY INTERESTS IN TRANSFERRED COLLATERAL.  (a)  Except as otherwise provided in Subsection (b), 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) subordinates a security interest only if the security interest:
(1)  otherwise would have priority solely under Section 9.322(a) or 9.324;  or
(2)  arose solely under Section 2.711(c) or 2A.508(e).
Added by Acts 1999, 76th Leg., ch. 414, Sec. 1.01, eff. July 1, 2001.