Alabama Statutes
§ 7-12A-305 — Priority
Alabama·Title 7 Commercial Code·Art. 12A Transitional Provisions for Uniform Commercial Code Amendments (2022)·Part 3 Transitional Provisions for Articles 9A and 12
(a)Determination of priority. Subject to subsections (b) and (c),
Act 2023-492
determines the priority of conflicting claims to collateral.
(b)Established priorities. Subject to subsection (c), if the priorities of claims to collateral were established before July 1, 2024, Article 9A as in effect before July 1, 2024, determines priority.
(c)Determination of certain priorities on adjustment date. On the adjustment date, to the extent the priorities determined by Article 9A as amended by
Act 2023-492
modify the priorities established before July 1, 2024, the priorities of claims to Article 12 property established before July 1, 2024, cease to apply.
Free access — add to your briefcase to read the full text and ask questions with AI
Alabama § 7-12A-305 (Priority) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
Legislative History
(Act 2023-492, §4.)
Nearby Sections
15
§ 7-1-101
Short Titles§ 7-1-102
Scope of Article§ 7-1-104
Construction Against Implied Repeal§ 7-1-105
Severability§ 7-1-106
Use of Singular and Plural; Gender§ 7-1-107
Section Captions§ 7-1-109
Section Captions§ 7-1-201
General Definitions§ 7-1-202
Notice; Knowledge§ 7-1-204
Value§ 7-1-205
Reasonable Time; Seasonableness§ 7-1-206
Presumptions