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State Statutes - Idaho - Title 28 - Chapter 9 - 28-9-326
Idaho Statutes
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28-9-326 - PRIORITY OF SECURITY INTERESTS CREATED BY NEW DEBTOR
(a)
Subject to subsection (b) of this section, a security interest created by a
new debtor which is perfected by a filed financing statement that is effective
solely under section 28-9-508 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 that is effective
solely under section 28-9-508.
(b) The other provisions of this part determine the priority among
conflicting security interests in the same collateral perfected by filed
financing statements that are effective solely under section 28-9-508.
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.
 
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