30-9A-709. Priority. (1) Former chapter 9 determines the priority of conflicting claims to collateral if the relative priorities of the parties were fixed before July 1, 2001. In other cases, this chapter determines priority.
(2) For purposes of 30-9A-322(1), the priority of a security interest that becomes a perfected security interest under 30-9A-706 dates from the time the applicable requirements for perfection are satisfied. This subsection does not apply to conflicting security interests each of which becomes a perfected security interest under 30-9A-706.
History: En. Sec. 167, Ch. 305, L. 1999.
Structure Montana Code Annotated
Chapter 9A. Uniform Commercial Code Secured Transactions
30-9A-701. and 30-9A-702 reserved
30-9A-703. Security interest perfected before July 1, 2001
30-9A-704. Security interest unperfected before July 1, 2001
30-9A-705. Effectiveness of action taken before effective date of act
30-9A-706. When initial financing statement suffices as continuation statement
30-9A-707. Amendment of preeffective-date financing statement
30-9A-708. Persons entitled to file initial financing statement or continuation of statement