Legislation

* Section 12-A-306. Priority of Claims When Priority Rules of Article 9

Do Not Apply.

(a) Determination of priority. Subject to subsections (b) and (c),
Article 12 determines the priority of conflicting claims to Article 12
property when the priority rules of Article 9 as amended by the UCC
Revision Act do not apply.

(b) Established priorities. Subject to subsection (c), when the
priority rules of Article 9 as amended by the UCC Revision Act do not
apply and the priorities of claims to Article 12 property were
established before the effective date of the UCC Revision Act, law other
than Article 12 determines priority.

(c) Determination of certain priorities on adjustment date. When the
priority rules of Article 9 as amended by the UCC Revision Act do not
apply, to the extent the priorities determined by the revised UCC modify
the priorities established before the effective date of the UCC Revision
Act, the priorities of claims to Article 12 property established before
the effective date of of the UCC Revision Act cease to apply on the
adjustment date.

* NB Effective June 3, 2026