84-9-628 Nonliability and limitation on liability of secured party.
84-9-628. Nonliability and limitation on liability of secured party. (a) Limitation of liability of secured party for noncompliance with article. Unless a secured party knows that a person is a debtor or obligor, knows the identity of the person, and knows how to communicate with the person: (1) The secured party is not liable to […]
84-9-702 Savings clause.
84-9-702. Savings clause. (a) Pre-effective date transactions or liens. Except as otherwise provided in this part, this act applies to a transaction or lien within its scope, even if the transaction or lien was entered into or created before this act takes effect. (b) Continuing validity. Except as otherwise provided in subsection (c) and K.S.A. […]
84-9-703 Security interest perfected before effective date.
84-9-703. Security interest perfected before effective date. (a) Continuing priority over lien creditor: Perfection requirements satisfied. A security interest that is enforceable immediately before this act 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 act if, […]
84-9-704 Security interest unperfected before effective date.
84-9-704. Security interest unperfected before effective date. A security interest that is enforceable immediately before this act 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 act takes effect; (2) remains enforceable […]
84-9-705 Effectiveness of action taken before effective date.
84-9-705. 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 act takes effect and the action would have resulted in priority of a security interest over the rights of a person that becomes a […]
84-9-706 When initial financing statement suffices to continue effectiveness of financing statement.
84-9-706. 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 K.S.A. 2021 Supp. 84-9-501, and amendments thereto, continues the effectiveness of a financing statement filed before this act takes effect if: (1) […]
84-9-618 Rights and duties.
84-9-618. Rights and duties. (a) Rights and duties of secondary obligor. A secondary obligor acquires the rights and becomes obligated to perform the duties of the secured party after the secondary obligor: (1) Receives an assignment of a secured obligation from the secured party; (2) receives a transfer of collateral from the secured party and […]
84-9-707 Pre-effective-date financing statement; applicable law; amendment.
84-9-707. Pre-effective-date financing statement; applicable law; amendment. (a) Pre-effective-date financing statement. In this section, “pre-effective-date financing statement” means a financing statement filed before this act takes effect. (b) Applicable law. After this act takes effect, a person may add or delete collateral covered by, continue or terminate the effectiveness of, or otherwise amend the information […]
84-9-619 Transfer of record or legal title.
84-9-619. Transfer of record or legal title. (a) “Transfer statement.” In this section, “transfer statement” means a record authenticated by a secured party stating: (1) That the debtor has defaulted in connection with an obligation secured by specified collateral; (2) that the secured party has exercised the secured party’s post-default remedies with respect to the […]
84-9-708 Persons entitled to file initial financing statement or continuation statement.
84-9-708. 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 […]