Colorado § 4-9-709 Priority

Colorado Statutes

§ 4-9-709 — Priority

Colorado·Title 04 Uniform·Art. Secured Transactions

(a)This act determines the priority of conflicting claims to collateral. However, if the relative priorities of the claims were established before July 1, 2001, former article 9 determines priority.

(b)For purposes of section 4-9-322 (a), the priority of a security interest that becomes enforceable under section 4-9-203 of this act dates from July 1, 2001, if the security interest is perfected under this act by the filing of a financing statement before said date which would not have been effective to perfect the security interest under former article 9. This subsection (b) does not apply to conflicting security interests each of which is perfected by the filing of such a financing statement.

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(a) This act determines the priority of conflicting claims to
collateral. However, if the relative priorities of the claims were established before
July 1, 2001, former article 9 determines priority.

(b) For purposes of section 4-9-322 (a), the priority of a security interest that
becomes enforceable under section 4-9-203 of this act dates from July 1, 2001, if
the security interest is perfected under this act by the filing of a financing
statement before said date which would not have been effective to perfect the
security interest under former article 9. This subsection (b) does not apply to
conflicting security interests each of which is perfected by the filing of such a
financing statement.

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