§ 9-701. Effective date
This article takes effect on the first day of the next fiscal quarter following enactment of this Act.
§ 9-702. Savings clause
(a) Pre-effective-date transactions or liens. Except as otherwise provided in this part, this article applies to a transaction or lien within its scope, even if the transaction or lien was entered into or created before this article takes effect. (b) Continuing validity. Except as otherwise provided in subsection (c) and Sections 9–703 through 9–709: (1) […]
§ 9-703. Security interest perfected before effective date
(a) Continuing priority over lien creditor: perfection requirements satisfied. A security interest that is enforceable immediately before this article takes effect and would have priority over the rights of a person that becomes a lien creditor at that time is a perfected security interest under this article if, when this article takes effect, the applicable […]
§ 9-704. Security interest unperfected before effective date
A security interest that is enforceable immediately before this article takes effect but which would be subordinate to the rights of a person that becomes a lien creditor at that time: (1) remains an enforceable security interest for one year after this article takes effect; (2) remains enforceable thereafter if the security interest becomes enforceable […]
§ 9-705. Effectiveness of action taken before effective date
(a) Pre-effective-date action; one-year perfection period unless reperfected. If action, other than the filing of a financing statement, is taken before this article takes effect and the action would have resulted in priority of a security interest over the rights of a person that becomes a lien creditor had the security interest become enforceable before […]
§ 9-706. When initial financing statement suffices to continue effectiveness of financing statement
(a) Initial financing statement in lieu of continuation statement. The filing of an initial financing statement in the office specified in § 9–501 continues the effectiveness of a financing statement fled before this article takes effect if: (1) the filing, of an initial financing statement in that office would be effective to perfect a security […]
§ 9-707. Amendment of pre-effective-date financing statement
(a) “Pre-effective-date financing statement”. In this section, “pre-effective-date financing statement” means a financing statement filed before this article takes effect. (b) Applicable law. After this article takes effect, a person may add or delete collateral covered by, continue or terminate the effectiveness of, or otherwise amend the information provided in, a pre-effective-date financing statement only […]
§ 9-708. Persons entitled to file initial financing statement or continuation statement
A person may file an initial financing statement or a continuation statement under this part if: (1) the secured party of record authorizes the filing; and (2) the filing is necessary under this part: (A) to continue the effectiveness of a financing statement filed before this article takes effect; or (B) to perfect or continue […]
§ 9-709. Priority
(a) Law governing priority. This article determines the priority of conflicting claims to collateral. However, if the relative priorities of the claims were established before this article takes effect, former Article 9 determines priority. (b) Priority if security interest becomes enforceable under § 9–203. For purposes of § 9–322(a), the priority of a security interest […]