(a) Determination of priority.--Subject to subsections (b) and (c), the act adding this chapter determines the priority of conflicting claims to collateral.
(b) Established priorities.--Subject to subsection (c), if the priorities of claims to collateral were established before the effective date of this section, Division 9 (relating to secured transactions) as in effect before the effective date of this section determines priority.
(c) Determination of certain priorities on adjustment date.--On the adjustment date, to the extent the priorities determined by Division 9 as amended by the act adding this chapter modify the priorities established before the effective date of this section, the priorities of claims to Division 12 (relating to controllable electronic records) property established before the effective date of this section cease to apply.