§ 10:13-306 — Priority of claims when priority rules of Chapter 9 do not apply

§13-306. Priority of claims when priority rules of Chapter 9 do not apply
(a) Determination of priority. Subject to Subsections (b) and (c) of this Section,
Chapter 12 of this Title determines the priority of conflicting claims to Chapter 12 property
when the priority rules of Chapter 9 of this Title as amended by this Act do not apply.
(b) Established priorities. Subject to Subsection (c) of this Section, when the priority
rules of Chapter 9 of this Title as amended by this Act do not apply and the priorities of
claims to Chapter 12 property were established before August 1, 2024, law other than
Chapter 12 of this Title determines priority.
(c) Determination of certain priorities on adjustment date. When the priority rules
of Chapter 9 of this Title as amended by this Act do not apply, to the extent the priorities
determined by this Act modify the priorities established before August 1, 2024, the priorities
of claims to Chapter 12 property established before August 1, 2024, cease to apply on the
adjustment date.

Legislative History

Acts 2024, No. 773, §1.