Article 28 - Priority: Purchase Money Security Interests

(1) A Purchase Money Security Interest in Collateral or its Proceeds, other than Inventory or Intangibles, has priority over a non-purchase money Security Interest in the same Collateral given by the same Debtor if the Purchase Money Security Interest in the Collateral or its Proceeds is perfected not later than 10 working days after the day on which the Debtor, or another person at the request of the Debtor, obtained possession of the Collateral, whichever is earlier.
(2) A Purchase Money Security Interest in Inventory or its Proceeds has priority over a non-purchase money Security Interest in the same Collateral given by the same Debtor if the Purchase Money Security Interest in the Inventory or its Proceeds is perfected at the time the Debtor, or another person at the request of the Debtor, obtains possession of the Collateral, whichever is earlier.
(3) A Purchase Money Security Interest in an intangible or its Proceeds has priority over a non-purchase money Security Interest in the same Collateral given by the same Debtor if the Purchase Money Security Interest in the intangible or its Proceeds is perfected not later than 10 working days after the day on which the Security Interest in the Intangible attached.
(4) A non-proceeds Security Interest in an Account that is given for new value has priority over a Purchase Money Security Interest in the Account as Proceeds of Inventory if a Financing Statement relating to the Security Interest in the Account is registered before the Purchase Money Security Interest is perfected or a Financing Statement relating to it is registered.
(5) A Purchase Money Security Interest in Goods or their Proceeds taken by a seller, lessor, or consignor of the Collateral, has priority over any other Purchase Money Security Interest in the same Collateral given by the same Debtor if the first-mentioned Purchase Money Security Interest in the Goods or their Proceeds is perfected,—
(A) in the case of Inventory, at the time the Debtor, or another person at the request of the Debtor, obtained possession of the Collateral, whichever is earlier; or
(B) in the case of Collateral, other than Inventory, not later than 10 working days after the day on which the Debtor, or another person at the request of the Debtor, obtained possession of the Collateral, whichever is earlier.
(6) Priority between Purchase Money Security Interests in the same Goods or their Proceeds that have not been taken by a seller, lessor, or consignor, and that have been given by the same Debtor are to be determined in accordance with Article 24 (Default Priority Rules).