Alabama § 7-12A-305 Priority

Alabama Statutes

§ 7-12A-305 — Priority

Alabama § 7-12A-305

Title 7Commercial Code

Art. 12ATransitional Provisions for Uniform Commercial Code Amendments (2022)

Part 3Transitional Provisions for Articles 9A and 12

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Bluebook

Ala. Code § 7-12A-305 (2026).

Text

(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.

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(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.