47-9709. Priority
138 words·~1 min read·
/az/title-47/47-9709A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
A. This chapter, as added in 1999, determines the priority of conflicting claims to collateral. However, if the relative priorities of the claims were established before July 1, 2001, chapter 9 of this title as it existed before July 1, 2001 determines priority.
B. For purposes of section 47-9322, subsection A, the priority of a security interest that becomes enforceable under section 47-9203 dates from July 1, 2001 if the security interest is perfected under this chapter, as added in 1999, by the filing of a financing statement before July 1, 2001 that would not have been effective to perfect the security interest under chapter 9 of this title as it existed before July 1, 2001. This subsection does not apply to conflicting security interests each of which is perfected by the filing of such a financing statement.