28-9-709. PRIORITY. (a) 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 chapter 9, title 28, determines priority.
(b) For purposes of section 28-9-322(a), the priority of a security interest that becomes enforceable under section 28-9-203 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 chapter 9, title 28. This subsection does not apply to conflicting security interests, each of which is perfected by the filing of such a financing statement.
History:
[28-9-709, added 2001, ch. 208, sec. 2, p. 800.]
Structure Idaho Code
Title 28 - COMMERCIAL TRANSACTIONS
Chapter 9 - SECURED TRANSACTIONS
Section 28-9-702 - SAVINGS CLAUSE.
Section 28-9-703 - SECURITY INTEREST PERFECTED BEFORE EFFECTIVE DATE.
Section 28-9-704 - SECURITY INTEREST UNPERFECTED BEFORE EFFECTIVE DATE.
Section 28-9-705 - EFFECTIVENESS OF ACTION TAKEN BEFORE EFFECTIVE DATE.
Section 28-9-707 - AMENDMENT OF PREEFFECTIVE-DATE FINANCING STATEMENT.
Section 28-9-708 - PERSONS ENTITLED TO FILE INITIAL FINANCING STATEMENT OR CONTINUATION STATEMENT.