Current through the 2024 Legislative Session.
(a) This division determines priority of conflicting claims to collateral. However, if the relative priorities of the claims were established before July 1, 2001, former Division 9 (commencing with Section 9101) determines priority.(b) For purposes of subdivision (a) of Section 9322, the priority of a security interest that becomes enforceable under Section 9203 dates from July 1, 2001, if the security interest is perfected under this division by the filing of a financing statement before July 1, 2001, which would not have been effective to perfect the security interest under former Division 9 (commencing with Section 9101). This subdivision does not apply to conflicting security interests each of which is perfected by the filing of such a financing statement.Renumbered from 9708 and amended by Stats 2000 ch 1003 (SB 2002), s 52, eff. 1/1/01, operative 7/1/01.Added October 10, 1999 (Bill Number: SB 45) (Chapter 991).