When the proceeds of original collateral (goods or software) consist of a deposit account, Section 9-327 [Maine cite section 9-1327] governs priority to the extent it conflicts with the priority rules of this section.

9. Priority in Accounts Constituting Proceeds of Inventory. The application of the priority rules in subsection (b) [Maine cite subsection (2)] is shown by the following examples:

Example 1: Debtor creates a security interest in its existing and after-acquired inventory in favor of SP-1, who files a financing statement covering inventory. SP-2 subsequently takes a purchase-money security interest in certain inventory and, under subsection (b) [Maine cite subsection (2)], achieves priority in this inventory over SP-1. This inventory is then sold, producing accounts. Accounts are not cash proceeds, and so the special purchase-money priority in the inventory does not control the priority in the accounts. Rather, the first-to-file- or-perfect rule of Section 9-322(a)(1) [Maine cite section 9- 1322, subsection (1), paragraph (a)] applies. The time of SP-1's filing as to the inventory is also the time of filing as to the accounts under Section 9-322 (b) [Maine cite section 9-1322, subsection (2)]. Assuming that each security interest in the accounts proceeds remains perfected under Section 9-315 [Maine cite section 9-1315], SP-1 has priority as to the accounts.

Example 2: In Example 1, if SP-2 had filed directly against accounts, the date of that filing as to accounts would be compared with the date of SP-1's filing as to the inventory. The first filed would prevail under Section 9-322(a)(1) [Maine cite section 9-1322, subsection (1), paragraph (a)].

Example 3: If SP-3 had filed against accounts in Example 1 before either SP-1 or SP-2 filed against inventory, SP-3's filing against accounts would have priority over the filings of SP-1 and SP-2. This result obtains even though the filings against inventory are effective to continue the perfected status of SP- 1's and SP-2's security interest in the accounts beyond the 20- day period of automatic perfection. See Section 9-315 [Maine cite section 9-1315]. SP-1's and SP-2's position as to the inventory does not give them a claim to accounts (as proceeds of the inventory) which is senior to someone who has filed earlier against accounts. If, on the other hand, either SP-1's or SP-2's