(1) Except as otherwise provided in subsection (2), a security interest created by a debtor is subordinate to a security interest in the same collateral created by another person if: (a) The debtor acquired the collateral subject to the security interest created by the other person; (b) The security interest created by the other person was perfected when the debtor acquired the collateral; and (c) There is no period thereafter during which the security interest is unperfected. (2) Subsection (1) subordinates a security interest only if the security interest: (a) Otherwise would have priority solely under s. 679.322(1) or s. 679.324; or (b) Arose solely under s. 672.711(3) or s. 680.508(5).
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