70A-9a-322. Priorities among conflicting security interests in and agricultural liens on same collateral.
(1) Except as otherwise provided in this section, priority among conflicting security interests and agricultural liens in the same collateral is determined according to the following rules: Conflicting perfected security interests and agricultural liens rank according to priority in time of filing or perfection. Priority dates from the earlier of the time a filing covering the collateral is first made or the security interest or agricultural lien is first perfected, if there is no period thereafter when there is neither filing nor perfection. A perfected security interest or agricultural lien has priority over a conflicting unperfected security interest or agricultural lien. The first security interest or agricultural lien to attach or become effective has priority if conflicting security interests and agricultural liens are unperfected.
(2) For the purposes of Subsection: (1)(a) the time of filing or perfection as to a security interest in collateral is also the time of filing or perfection as to a security interest in proceeds; and the time of filing or perfection as to a security interest in collateral supported by a supporting obligation is also the time of filing or perfection as to a security interest in the supporting obligation.
(3) Except as otherwise provided in Subsection, a security interest in collateral which qualifies for priority over a conflicting security interest under Section,,,, oralso has priority over a conflicting security interest in: (6) 70A-9a-327 70A-9a-328 70A-9a-329 70A-9a-330 70A-9a-331 any supporting obligation for the collateral; and proceeds of the collateral if: the security interest in proceeds is perfected; the proceeds are cash proceeds or of the same type as the collateral; and in the case of proceeds that are proceeds of proceeds, all intervening proceeds are cash proceeds, proceeds of the same type as the collateral, or an account relating to the collateral.
(4) Subject to Subsectionand except as otherwise provided in Subsection, if a security interest in chattel paper, deposit accounts, negotiable documents, instruments, investment property, or letter-of-credit rights is perfected by a method other than filing, conflicting perfected security interests in proceeds of the collateral rank according to priority in time of filing. (5) (6)
(5) Subsectionapplies only if the proceeds of the collateral are not cash proceeds, chattel paper, negotiable documents, instruments, investment property, or letter-of-credit rights. (4)
(6) Subsectionsthroughare subject to: (1) (5) Subsectionand the other provisions of this part; (7) Sectionwith respect to a security interest of a collecting bank; 70A-4-210 Sectionwith respect to a security interest of an issuer or nominated person; and 70A-5-118 Sectionwith respect to a security interest arising under, or. 70A-9a-110 Chapter 2, Uniform Commercial Code - Sales Chapter 2a, Uniform Commercial Code - Leases
(7) A perfected agricultural lien on collateral has priority over a conflicting security interest in or agricultural lien on the same collateral if the statute creating the agricultural lien so provides.