Texas § BC.9.326 - PRIORITY OF SECURITY INTERESTS CREATED BY NEW DEBTOR
Full text of Texas The Texas Constitution § BC.9.326 — PRIORITY OF SECURITY INTERESTS CREATED BY NEW DEBTOR, with citation guidance and answers to common questions.
§ BC.9.326. PRIORITY OF SECURITY INTERESTS CREATED BY NEW DEBTOR
PRIORITY OF SECURITY INTERESTS CREATED BY NEW DEBTOR. (a) 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 perfected by a filed financing statement that would be ineffective to perfect the security interest but for the application of Section 9.508 or of Sections 9.508 and 9.316 (i)(1) is subordinate to a security interest in the same collateral that is perfected other than by such a filed financing statement. (b) The other provisions of this subchapter 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. Added by Acts 1999, 76th Leg., ch. 414, Sec. 1.01, eff. July 1, 2001. Amended by: Acts 2011, 82nd Leg., R.S., Ch. 67 (S.B. 782 ), Sec. 8, eff. July 1, 2013.
Source: official Texas text · Last verified 2026-08-27
Frequently Asked Questions About Texas § BC.9.326
What does The Texas Constitution § BC.9.326 cover?
Section BC.9.326 ("PRIORITY OF SECURITY INTERESTS CREATED BY NEW DEBTOR") is part of the The Texas Constitution, the codified statutory law of Texas. 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 Texas § BC.9.326?
A common citation format is "The Texas Constitution § BC.9.326" (Texas). 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 Texas law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Texas official source linked on this page or consult a licensed Texas attorney.
How does Texas § BC.9.326 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Texas 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 Texas.