There Is a Newer Version of the Pennsylvania Consolidated Statutes
2012 Pennsylvania Consolidated Statutes
Title 13 - COMMERCIAL CODE
Chapter 97 - Transition Provisions
Section 9709 - Priority
§ 9709. Priority.
(a) Law governing priority.--Revised Division 9 determines
the priority of conflicting claims to collateral. However, if
the relative priorities of the claims were established before
Revised Division 9 takes effect, Former Division 9 determines
priority.
(b) Priority if security interest becomes enforceable under
section 9203 of Revised Division 9.--For purposes of section
9322(a) of Revised Division 9 (relating to general priority
rules), the priority of a security interest which becomes
enforceable under section 9203 of Revised Division 9 (relating
to attachment and enforceability of security interest; proceeds;
supporting obligations; formal requisites) dates from the time
Revised Division 9 takes effect if the security interest is
perfected under Revised Division 9 by the filing of a financing
statement before Revised Division 9 takes effect which financing
statement would not have been effective to perfect the security
interest under Former Division 9. This subsection does not apply
to conflicting security interests each of which is perfected by
the filing of such a financing statement.
Cross References. Section 9709 is referred to in section
9702 of this title.
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