The Arizona Revised Statutes have been updated to include the revised sections from the 56th Legislature, 1st Regular Session. Please note that the next update of this compilation will not take place until after the conclusion of the 56th Legislature, 2nd Regular Session, which convenes in January 2024.
DISCLAIMER
This online version of the Arizona Revised Statutes is primarily maintained for legislative drafting purposes and reflects the version of law that is effective on January 1st of the year following the most recent legislative session. The official version of the Arizona Revised Statutes is published by Thomson Reuters.
A. This chapter, as added in 1999, determines the priority of conflicting claims to collateral. However, if the relative priorities of the claims were established before July 1, 2001, chapter 9 of this title as it existed before July 1, 2001 determines priority.
B. For purposes of section 47-9322, subsection A, the priority of a security interest that becomes enforceable under section 47-9203 dates from July 1, 2001 if the security interest is perfected under this chapter, as added in 1999, by the filing of a financing statement before July 1, 2001 that would not have been effective to perfect the security interest under chapter 9 of this title as it existed before July 1, 2001. This subsection does not apply to conflicting security interests each of which is perfected by the filing of such a financing statement.