2010 Georgia Code
TITLE 11 - COMMERCIAL CODE
ARTICLE 9 - SECURED TRANSACTIONS
PART 7 - TRANSITION
§ 11-9-709 - Priority
(a) Law governing priority. 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 of this title determines priority.
(b) Priority if security interest becomes enforceable under Code Section 11-9-203
. For purposes of subsection (a) of Code Section 11-9-322
, the priority of a security interest that becomes enforceable under Code Section 11-9-203
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 of this title. This subsection does not apply to conflicting security interests each of which is perfected by the filing of such a financing statement.
Graham Syfert - Jacksonville Lawyer