§ 6A-11-306. Priority of claims when priority rules of chapter 9 do not apply.
(a) Determination of priority. Subject to subsections (b) and (c) of this section, chapter 12 of this title determines the priority of conflicting claims to chapter 12 of this title property when the priority rules of chapter 9 of this title as amended by the amendatory act do not apply.
(b) Established priorities. Subject to subsection (c) of this section, when the priority rules of chapter 9 of this title as amended by the amendatory act do not apply and the priorities of claims to chapter 12 of this title property were established before January 1, 2024, law other than chapter 12 of this title determines priority.
(c) Determination of certain priorities on adjustment date. When the priority rules of chapter 9 of this title as amended by the amendatory act do not apply, to the extent the priorities determined by the amendatory act modify the priorities established before January 1, 2024, the priorities of claims to chapter 12 of this title property established before January 1, 2024, cease to apply on the adjustment date.
History of Section.
P.L. 2024, ch. 65, § 12, effective June 10, 2024; P.L. 2024, ch. 66, § 12, effective
June 10, 2024.