57A-13-306. Priority of claims when priority rules of chapter 57A-9 do not apply.

(a) Subject to subsection (b) and (c), chapter 57A-12 determines the priority of conflicting claims to Article 12 property when the priority rules of chapter 57A-9 as amended by SL 2024, ch 198 do not apply.

(b) Subject to subsection (c), when the priority rules of chapter 57A-9 as amended by SL 2024, ch 198 do not apply, to the extent the priorities determined by SL 2024, ch 198 modify the priorities established before July 1, 2024, the priorities of claims to Article 12 property were established before July 1, 2024, law other than chapter 57A-12 determines priority.

(c) When the priority rules of chapter 57A-9 as amended by SL 2024, ch 198 do not apply, to the extent the priorities determined by SL 2024, ch 198 modify the priorities established before July 1, 2024, the priorities of claims to Article 12 property established before July 1, 2024, cease to apply on the adjustment date.

Source: SL 2024, ch 198, § 109.