(810 ILCS 5/9-325)
    Sec. 9-325. Priority of security interests in transferred collateral.
    (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:
        (1) the debtor acquired the collateral subject to the
security interest created by the other person;
        (2) the security interest created by the other person
was perfected when the debtor acquired the collateral; and
        (3) there is no period thereafter when the security
interest is unperfected.
    (b) Limitation of subsection (a) subordination. Subsection (a) subordinates a security interest only if the security interest:
        (1) otherwise would have priority solely under
Section 9-322(a) or 9-324; or
        (2) arose solely under Section 2-711(3) or 2A-508(5).
(Source: P.A. 91-893, eff. 7-1-01.)