(a) Determination of priority.--Subject to subsections (b) and (c), Division 12 (relating to controllable electronic records) determines the priority of conflicting claims to Division 12 property when the priority rules of Division 9 (relating to secured transactions) as amended by the act adding this chapter do not apply.
(b) Established priorities.--Subject to subsection (c), when the priority rules of Division 9 as amended by the act adding this chapter do not apply and the priorities of claims to Division 12 property were established before the effective date of this section, law other than Division 12 determines priority.
(c) Determination of certain priorities on adjustment date.--When the priority rules of Division 9 as amended by the act adding this chapter do not apply, to the extent the priorities determined by the act adding this chapter modify the priorities established before the effective date of this section, the priorities of claims to Division 12 property established before the effective date of this section cease to apply on the adjustment date.