(a) Determination of priority. Subject to subsections (b) and (c) of this section, chapter 266, Laws of 2023 determines the priority of conflicting claims to collateral. (b) Established priorities. Subject to subsection (c) of this section, if the priorities of claims to collateral were established before January 1, 2024, Article 9A of this title as in effect before January 1, 2024, determines priority. (c) Determination of certain priorities on adjustment date. On the adjustment date, to the extent the priorities determined by Article 9A of this title as amended by chapter 266, Laws of 2023 modify the priorities established before January 1, 2024, the priorities of claims to Article 12 property and electronic money established before January 1, 2024, cease to apply.
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