Alabama Code 7-12A-305. Priority

(a) Determination of priority. Subject to subsections (b) and (c), this act determines the priority of conflicting claims to collateral.

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Terms Used In Alabama Code 7-12A-305

property: includes both real and personal property. See Alabama Code 1-1-1

(b) Established priorities. Subject to subsection (c), if the priorities of claims to collateral were established before the effective date of this act, Article 9A as in effect before the effective date of this act 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 this act modify the priorities established before the effective date of this act, the priorities of claims to Article 12 property established before the effective date of this act cease to apply.

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