(a) Law governing priority. — This Act determines the priority of conflicting claims to collateral. However, if the relative priorities of the claims were established before this Act takes effect, former Article 9 of the Uniform Commercial Code determines priority.
(b) Priority if security interest becomes enforceable under Section 9-203. — For purposes of Section 9-322(a), the priority of a security interest that becomes enforceable under Section 9-203 of this Act dates from the time this Act takes effect if the security interest is perfected under this Act by the filing of a financing statement before this Act takes effect which would not have been effective to perfect the security interest under former Article 9 of the Uniform Commercial Code. This subsection does not apply to conflicting security interests each of which is perfected by the filing of such a financing statement.
Structure Delaware Code
Article 9. Secured Transactions
§ 9-703. Security interest perfected before effective date.
§ 9-704. Security interest unperfected before effective date.
§ 9-705. Effectiveness of action taken before effective date.
§ 9-706. When initial financing statement suffices to continue effectiveness of financing statement.
§ 9-707. Amendment of pre-effective-date financing statement.
§ 9-708. Persons entitled to file initial financing statement or continuation statement.