Section 9--709. Priority  


Latest version.
  • (a) Law  governing priority. Revised Article 9 determines the priority
      of conflicting claims to collateral. However, if the relative priorities
      of the claims were established before Revised Article  9  takes  effect,
      Former Article 9 determines priority.
        (b) Priority  if  security  interest becomes enforceable under Section   9--203. For purposes of Section 9--322(a), the priority  of  a  security
      interest  that  becomes  enforceable  under  Section  9--203  of Revised
      Article 9 dates from the time Revised Article  9  takes  effect  if  the
      security  interest is perfected under Revised Article 9 by the filing of
      a financing statement before Revised Article 9 takes effect which  would
      not  have  been  effective to perfect the security interest under Former
      Article 9. This  subsection  does  not  apply  to  conflicting  security
      interests  each  of which is perfected by the filing of such a financing
      statement.