Current with changes from the 2024 Legislative Session
Section 10:13-306 - 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 the effective date of this Act, 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 the effective date of this Act, the priorities of claims to Chapter 12 property established before the effective date of this Act cease to apply on the adjustment date.Added by Acts 2024, No. 773,s. 1, eff. 8/1/2024.