(a) This chapter determines the priority of conflicting claims to collateral. However, if the relative priorities of the claims were established before July 1, 2001, former chapter 57A-9 determines priority. (b) For purposes of § 57A-9-322(a), the priority of a security interest that becomes enforceable under § 57A-9-203 of this chapter dates from July 1, 2001, if the security interest is perfected under this chapter by the filing of a financing statement before July 1, 2001, which would not have been effective to perfect the security interest under former chapter 57A-9 . This subsection does not apply to conflicting security interests each of which is perfected by the filing of such a financing statement.
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