(a) Subject to subsections (b) and (c), SL 2024, ch 198 determines the priority of conflicting claims to collateral.
(b) Subject to subsection (c), if the priorities of claims to collateral were established before July 1, 2024, chapter 57A-9 as in effect before July 1, 2024, determines priority.
(c) On the adjustment date, to the extent the priorities determined by chapter 57A-9 as amended by SL 2024, ch 198 modify the priorities established before July 1, 2024, the priorities of claims to Article 12 property and electronic money established before July 1, 2024, cease to apply.