1. (a) Subordination of security interest in transferred collateral. Except as otherwise provided in subsection (b), a security interest created by a debtor is subordinate to a security interest in the same collateral created by another person if:
2. (1) the debtor acquired the collateral subject to the security interest created by the other person;
3. (2) the security interest created by the other person was perfected when the debtor acquired the collateral; and
4. (3) there is no period thereafter when the security interest is unperfected.
5. (b) Limitation of subsection (a) subordination. Subsection (a) subordinates a security interest only if the security interest:
6. (1) otherwise would have priority solely under § 8.9A-322 (a) or § 8.9A-324; or
7. (2) arose solely under § 8.2-711 (3) or § 8.2A-508 (5).

2000, c. 1007.