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0 tracked cards Supplemental - Not MEE July 2026

Secured Party A attached a security interest in equipment on January 1 but never perfected. Secured Party B attached and perfected a security interest in the same equipment on February 1.
Who generally has priority?

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The unperfected secured party always has priority because it attached first. Both parties share equally regardless of perfection. Perfection matters only in disputes with buyers, never between secured parties. The perfected secured party generally has priority over a conflicting unperfected secured party.

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