UCC 9-325. Priority of security interests in transferred collateral
(1) Except as otherwise provided in subsection (2) 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:
(a) The debtor acquired the collateral subject to the security interest created by the other person;
(b) The security interest created by the other person was perfected when the debtor acquired the collateral; and
(c) There is no period thereafter when the security interest is unperfected.
(2) Subsection (1) of this section subordinates a security interest only if the security interest:
(a) Otherwise would have priority solely under ORS 79.0322 (UCC 9-322. Priorities among conflicting security interests in and agricultural liens on same collateral) (1) or 79.0323 (UCC 9-323. Future advances); or
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