New Jersey § 12a:9-326
Full text of New Jersey New Jersey Statutes § 12a:9-326, with citation guidance and answers to common questions.
§ 12a:9-326.
(a) Subordination of security interest created by new debtor. Subject to subsection (b), a security interest that is created by a new debtor in collateral in which the new debtor has or acquires rights and is perfected solely by a filed financing statement that would be ineffective to
perfect the security interest but for the application of 12A:9-316(i)(1) and 12A:9-508 is subordinate to a security interest in the same collateral which is perfected other
than by such a filed financing statement . (b) Priority under other provisions; multiple original debtors. The other provisions of this part determine the priority among conflicting security
interests in the same collateral perfected by filed financing statements described in subsection (a) . 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.
Frequently Asked Questions About New Jersey § 12a:9-326
What does New Jersey Statutes § 12a:9-326 cover?
Section 12a:9-326 is part of the New Jersey Statutes, the codified statutory law of New Jersey. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite New Jersey § 12a:9-326?
A common citation format is "New Jersey Statutes § 12a:9-326" (New Jersey). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of New Jersey law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the New Jersey official source linked on this page or consult a licensed New Jersey attorney.
How does New Jersey § 12a:9-326 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in New Jersey can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in New Jersey.