Statute · New York Uniform Commercial Code
N.Y. U.C.C. Law § 12-A-306 — Priority of Claims When Priority Rules of Article 9 Do Not Apply
N.Y. U.C.C. Law § 12-A-306
- Type
- Statute
- Source
- New York Uniform Commercial Code
- Jurisdiction
- New York
- Current through
- Nov 5, 2026 (NY Senate Open Legislation)
Section 12-A-306. Priority of Claims When Priority Rules of Article 9
Citator
N.Y. U.C.C. Law § 12-A-306 — Priority of Claims When Priority Rules of Article 9 Do Not Apply is in force in the current edition of the Code, and nothing recorded condemns it.
Section 12-A-306. Priority of Claims When Priority Rules of Article 9
Do Not Apply.
(a) Determination of priority. Subject to subsections (b) and (c), Article 12 determines the priority of conflicting claims to Article 12 property when the priority rules of Article 9 as amended by the UCC Revision Act do not apply.
(b) Established priorities. Subject to subsection (c), when the priority rules of Article 9 as amended by the UCC Revision Act do not apply and the priorities of claims to Article 12 property were established before the effective date of the UCC Revision Act, law other than Article 12 determines priority.
(c) Determination of certain priorities on adjustment date. When the priority rules of Article 9 as amended by the UCC Revision Act do not apply, to the extent the priorities determined by the revised UCC modify the priorities established before the effective date of the UCC Revision Act, the priorities of claims to Article 12 property established before the effective date of of the UCC Revision Act cease to apply on the adjustment date.