§15-306. Priority of claims when priority rules of Article 9-A do not apply
192 words·~1 min read·
/me/title-11-uniform-commercial-code/15-306A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
(1). Subject to subsections
(2)and
(3), Article 12 determines the priority of conflicting claims to Article 12 property when the priority rules of Article 9‑A as in effect on July 1, 2025 do not apply.
[PL 2023, c. 669, Pt. C, §1 (NEW); PL 2023, c. 669, Pt. E, §1 (AFF).]
(2). Subject to subsection
(3), when the priority rules of Article 9‑A as in effect on July 1, 2025 do not apply and the priorities of claims to Article 12 property were established before July 1, 2025, law other than Article 12 determines priority.
[PL 2023, c. 669, Pt. C, §1 (NEW); PL 2023, c. 669, Pt. E, §1 (AFF).]
(3). When the priority rules of Article 9‑A as in effect on July 1, 2025 do not apply, to the extent the priorities determined by this Title as in effect on July 1, 2025 modify the priorities established before July 1, 2025, the priorities of claims to Article 12 property established before July 1, 2025 cease to apply on the adjustment date.
[PL 2023, c. 669, Pt. C, §1 (NEW); PL 2023, c. 669, Pt. E, §1 (AFF).]