HRS §490:9-809
Which claim gets paid first from collateral
This section says that the rules in this article decide which creditor has first claim to collateral. But if the priority was already set before July 1, 2013, the old rules from before that date still apply.
creditorsdebtorsfinancial institutions
The statute, as written — Priority
This article determines the priority of conflicting claims to collateral. However, if the relative priorities of the claims were established before July 1, 2013, this article as it existed before July 1, 2013, shall determine priority.
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