Sec. 306. (a) Subject to subsections (b) and (c), chapter 12 determines the priority of conflicting claims to chapter 12 property when the priority rules of IC 26-1-9.1, as amended by the act, do not apply.
(b) Subject to subsection (c), when the priority rules of IC 26-1-9.1, as amended by the act, do not apply and the priorities of claims to chapter 12 property were established before July 1, 2023, law other than chapter 12 determines priority.
(c) When the priority rules of IC 26-1-9.1, as amended by the act, do not apply, to the extent the priorities determined by the act modify the priorities established before July 1, 2023, the priorities of claims to chapter 12 property established before July 1, 2023, cease to apply on the adjustment date.