A perfected security interest will take priority over an unperfected security interest,regardless of when the perfected interest attached.

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According to the rule of first in time, first in right, a perfected security interest will take priority over an unperfected security interest, regardless of when the perfected interest attached. This means that if multiple creditors have security interests in the same collateral, the creditor who perfected their interest first will have priority in the event of default or bankruptcy.

A Perfected Security Interest Will Take Priority Over an Unperfected