§ 47-9701 – Effective date
47-9701. Effective date This chapter, as added in 1999, takes effect on July 1, 2001.
§ 47-9702 – Savings clause
47-9702. Savings clause A. Except as otherwise provided in this article, this chapter, as added in 1999, applies to a transaction or lien within its scope, even if the transaction or lien was entered into or created before July 1, 2001. B. Except as otherwise provided in subsection C of this section and sections 47-9703 […]
§ 47-9703 – Security interest perfected before effective date
47-9703. Security interest perfected before effective date A. A security interest that is enforceable immediately before July 1, 2001 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 chapter, as added in 1999, if, on July 1, 2001, the […]
§ 47-9704 – Security interest unperfected before effective date
47-9704. Security interest unperfected before effective date A security interest that is enforceable immediately before July 1, 2001 but that 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 July 1, 2001; 2. Remains enforceable thereafter if […]
§ 47-9705 – Effectiveness of action taken before effective date
47-9705. Effectiveness of action taken before effective date A. If action, other than the filing of a financing statement, is taken before July 1, 2001 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 […]
§ 47-9706 – When initial financing statement suffices as continuation statement
47-9706. When initial financing statement suffices as continuation statement A. The filing of an initial financing statement in the office specified in section 47-9501 continues the effectiveness of a financing statement filed before July 1, 2001 if: 1. The filing of an initial financing statement in that office would be effective to perfect a security […]
§ 47-9707 – Amendment of pre-effective-date financing statement; definition
47-9707. Amendment of pre-effective-date financing statement; definition A. In this section, " pre-effective-date financing statement" means a financing statement filed before July 1, 2001. B. After July 1, 2001, 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 […]
§ 47-9708 – Persons entitled to file initial financing statement or continuation statement
47-9708. Persons entitled to file initial financing statement or continuation statement A person may file an initial financing statement or a continuation statement under this article if: 1. The secured party of record authorizes the filing; and 2. The filing is necessary under this article: (a) To continue the effectiveness of a financing statement filed […]
§ 47-9709 – Priority
47-9709. Priority 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 […]