§490:9-709 Priority. (a) This article determines the priority of conflicting claims to collateral. However, if the relative priorities of the claims were established before this article takes effect, the former article 9 determines priority.
(b) For purposes of section 490:9-322(a), the priority of a security interest that becomes enforceable under section 490:9-203 of this article dates from the time this article takes effect if the security interest is perfected under this article by the filing of a financing statement before this article takes effect which would not have been effective to perfect the security interest under the former article 9. This subsection does not apply to conflicting security interests each of which is perfected by the filing of such a financing statement. [L 2000, c 241, pt of §1; ren L 2001, c 228, §14]
Section: Previous 490-9-702 490-9-703 490-9-704 490-9-705 490-9-706 490-9-707 490-9-708 490-9-709 490-9-801 490-9-802 490-9-803 490-9-804 490-9-805 490-9-806 490-9-807 NextLast modified: October 27, 2016