Document ID: chunk:federal_register_of_legislation:C2024C00719:section:4
Version: federal_register_of_legislation:C2024C00719
Segment Type: section
Provision Reference: s 4
Character Range: 473348–474455

4                                                     a perfected security interest (whether transitional or not)  an unperfected transitional security interest                                  subsection 55(3).

 (2) Other priorities involving transitional security interests are dealt with under this Division as follows:
 (a) for the priority between 2 perfected transitional security interests, see section 323;
 (b) for the priority between 2 unperfected transitional security interests, see section 323;
 (c) for the priority between 2 security interests, one or both of which is a transitional security interest, if the priority comes to be determined after the end of the month that is 24 months after the registration commencement time in circumstances involving insolvency or bankruptcy, see section 324.
 (3) In this section, a reference to a perfected transitional security interest is taken to be a reference to a transitional security interest that has been continuously perfected, at the time the priority comes to be determined, since immediately before the registration commencement time.