1. Determination of priority. Subject to subsections 2 and 3,
, determines the priority of conflicting claims to collateral.
2. Established priorities. Subject to subsection 3, if the priorities of claims to collateral were established before July 1, 2024, Article 9, as in effect before July 1, 2024, determines priority.
3. Determination of certain priorities on July 1, 2025. On July 1, 2025, to the extent the priorities determined by Article 9, as amended by
, modify the priorities established before July 1, 2024, the priorities of claims to Article 14 property and electronic money established before July 1, 2024, cease to apply.