(1) Subject to subsections (2) and (3), Chapter 200, Laws of 2025, determines the priority of conflicting claims to collateral.
(2) Subject to subsection (3), if the priorities of claims to collateral were established before October 1, 2025, Title 30, chapter 9A, as in effect before October 1, 2025, determines priority.
(3) On the adjustment date, to the extent the priorities determined by Title 30, chapter 9A, as amended by Chapter 200, Laws of 2025, modify the priorities established before October 1, 2025, the priorities of claims to chapter 12A property established before October 1, 2025, cease to apply.