(a) Subject to subsections (b) and (c), this article shall determine the priority of conflicting claims to collateral.
(b) Subject to subsection (c), if the priorities of claims to collateral were established before the effective date of this article, article 9, as in effect before the effective date of this article, shall determine priority.
(c) On the adjustment date, to the extent the priorities determined by article 9, as amended by Act 132, Session Laws of Hawaii 2023, modify the priorities established before the effective date of this article, the priorities of claims to article 12 property and electronic money established before the effective date of this article shall cease to apply.