Section 6A-11-305 - Priority(a) Determination of priority. Subject to subsections (b) and (c) of this section, the amendatory act determines the priority of conflicting claims to collateral.(b) Established priorities. Subject to subsection (c) of this section, if the priorities of claims to collateral were established before January 1, 2024, chapter 9 of title 6A as in effect before January 1, 2024, determines priority.(c) Determination of certain priorities on adjustment date. On the adjustment date, to the extent the priorities determined by chapter 9 of title 6A as amended by the amendatory act modify the priorities established before January 1, 2024, the priorities of claims to chapter 12 of title 6A property and electronic money established before January 1, 2024, cease to apply.R.I. Gen. Laws § 6A-11-305
Added by 2024 Pub. Laws, ch. 65,§ 12, eff. 6/10/2024.Added by 2024 Pub. Laws, ch. 66,§ 12, eff. 6/10/2024.