If the collateral is something other than inventory,a perfected purchase money security interest prevails over a perfected nonpurchase money security interest in after-acquired property if it is perfected when the debtor receives possession of the collateral,or within twenty days after the debtor receives possession of the collateral.

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This statement is true according to the priority rules established in Article 9 of the Uniform Commercial Code. A purchase money security interest (PMSI) has priority over a nonpurchase money security interest (non-PMSI) in after-acquired property if the PMSI is properly perfected at the time the debtor takes possession of the collateral, or within 20 days thereafter. This rule applies to security interests in non-inventory collateral, such as equipment or vehicles.

If the Collateral Is Something Other Than Inventory,a Perfected Purchase