57A-9-709 Determination of priority of conflicting claims to collateral--Dating priority of security...
Determination of priority of conflicting claims to collateral--Dating priority of
(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
(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.
Source: SL 2000, ch 231.