N.Y. Uniform Commercial Code Law § 12-a-306: Priority of Claims When Priority Rules of Article 9 Do Not Apply

Section 12-A-306. Priority of Claims When Priority Rules of Article 9

Do Not Apply.

(a) Determination of priority. Subject to subsections (b) and (c),

Article 12 determines the priority of conflicting claims to Article 12

property when the priority rules of Article 9 as amended by the UCC

Revision Act do not apply.

(b) Established priorities. Subject to subsection (c), when the

priority rules of Article 9 as amended by the UCC Revision Act do not

apply and the priorities of claims to Article 12 property were

established before the effective date of the UCC Revision Act, law other

than Article 12 determines priority.

(c) Determination of certain priorities on adjustment date. When the

priority rules of Article 9 as amended by the UCC Revision Act do not

apply, to the extent the priorities determined by the revised UCC modify

the priorities established before the effective date of the UCC Revision

Act, the priorities of claims to Article 12 property established before

the effective date of of the UCC Revision Act cease to apply on the

adjustment date.