(a) Determination of priority. Subject to subsections (b) and (c) of this section, Article 12 determines the priority of conflicting claims to Article 12 property when the priority rules of Article 9A of this title as amended by chapter 266, Laws of 2023 do not apply.
(b) Established priorities. Subject to subsection (c) of this section, when the priority rules of Article 9A of this title as amended by chapter 266, Laws of 2023 do not apply and the priorities of claims to Article 12 property were established before January 1, 2024, law other than Article 12 determines priority.
(c) Determination of certain priorities on adjustment date. When the priority rules of Article 9A of this title as amended by chapter 266, Laws of 2023 do not apply, to the extent the priorities determined by chapter 266, Laws of 2023 modify the priorities established before January 1, 2024, the priorities of claims to Article 12 property established before January 1, 2024, cease to apply on the adjustment date.