(a) This article determines the priority of conflicting claims to collateral. However, if the relative priorities of the claims were established before July 1, 2001, former Article 9 determines priority.
(b) For purposes of § 28:9-322(a), the priority of a security interest that becomes enforceable under § 28:9-203 dates from July 1, 2001 if the security interest is perfected under this article by the filing of a financing statement before July 1, 2001 which would not have been effective to perfect the security interest under former Article 9. This subsection does not apply to conflicting security interests each of which is perfected by the filing of such a financing statement.
(Oct. 26, 2000, D.C. Law 13-201, § 101, 47 DCR 7576.)
Structure District of Columbia Code
Title 28 - Commercial Instruments and Transactions. [Enacted title]
Subtitle I - Uniform Commercial Code
Article 9 - Secured Transactions
§ 28:9–703. Security interest perfected before July 1, 2001
§ 28:9–704. Security interest unperfected before July 1, 2001
§ 28:9–705. Effectiveness of action taken before July 1, 2001
§ 28:9–707. Amendment of pre-effective-date financing statement
§ 28:9–708. Persons entitled to file initial financing statement or continuation statement