Question

​natural resource investment company and mega bank are secured parties with security interests in property owned by lng gas corporation. between these security interests, the first to be filed or perfected has priority over other filed or perfected security interests in

Answer 1

This is true in most circumstances. However, there might be a few odd circumstances in the mix where it is not true. But in most cases, filing or perfecting your security interests before the other party will ensure that you have priority. As a result, it is generally a good idea to be punctual regarding these matters.