If conflicting security interests and agricultural liens are unperfected, then the first to attach or become effective has priority. If neither attaches or becomes effective, all of the creditors are general, unsecured creditors.

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When security interests and agricultural liens are unperfected, priority is determined by the order in which they attach or become effective. If neither attaches nor becomes effective, the creditors are considered general, unsecured creditors, lacking a specific claim to the collateral.

If Conflicting Security Interests and Agricultural Liens Are Unperfected, Then