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0 tracked cards Supplemental - Not MEE July 2026

A secured party has a perfected security interest in inventory. The debtor sells inventory and receives identifiable accounts and cash proceeds.
What is the best general statement about priority in the proceeds?

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A security interest in collateral never continues into proceeds. Priority in proceeds generally follows Article 9's proceeds rules and can preserve the secured party's position if the proceeds are identifiable and perfection continues. A secured party loses proceeds priority unless it knew the exact sale date in advance. A proceeds claim can exist only if the debtor sells collateral after bankruptcy.

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