Georgia § 11-12a-306 Priority of claims when priority rules of Article 9 of this title do not apply

Georgia Statutes

§ 11-12a-306 — Priority of claims when priority rules of Article 9 of this title do not apply

(a)Determination of priority. Subject to subsections (b) and (c) of this Code section, Article 12 of this title determines the priority of conflicting claims to Article 12 property when the priority rules of Article 9 of this title as amended by the Uniform Commercial Code Modernization Act of 2024 do not apply.

(b)Established priorities. Subject to subsection (c) of this Code section, when the priority rules of Article 9 of this title as amended by the Uniform Commercial Code Modernization Act of 2024 do not apply and the priorities of claims to Article 12 property were established before July 1, 2024, law other than Article 12 of this title determines priority.

(c)Determination of certain priorities on adjustment date. When the priority rules of Article 9 of this title as amended by t

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(a) Determination of priority. Subject to subsections (b) and (c) of this Code section, Article 12 of this title determines the priority of conflicting claims to Article 12 property when the priority rules of Article 9 of this title as amended by the Uniform Commercial Code Modernization Act of 2024 do not apply. (b) Established priorities. Subject to subsection (c) of this Code section, when the priority rules of Article 9 of this title as amended by the Uniform Commercial Code Modernization Act of 2024 do not apply and the priorities of claims to Article 12 property were established before July 1, 2024, law other than Article 12 of this title determines priority. (c) Determination of certain priorities on adjustment date. When the priority rules of Article 9 of this title as amended by the Uniform Commercial Code Modernization Act of 2024 do not apply, to the extent the priorities determined by the Uniform Commercial Code Modernization Act of 2024 modify the priorities established before July 1, 2024, the priorities of claims to Article 12 property established before July 1, 2024, cease to apply on the adjustment date.

Georgia § 11-12a-306 (Priority of claims when priority rules of Article 9 of this title do not apply) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.