Section 7-11-105 – Transition Provision on Change of Place of Filing.
Section 7-11-105 Transition provision on change of place of filing. (1) A financing statement or continuation statement filed prior to February 1, 1982, which shall not have lapsed prior to February 1, 1982, shall remain effective for the period provided in the old U.C.C., but not less than five years after the filing. (2) With […]
Section 7-11-106 – Required Refilings.
Section 7-11-106 Required refilings. (1) If a security interest is perfected or has priority on February 1, 1982, as to all persons or as to certain persons without any filing or recording, and if the filing of a financing statement would be required for the perfection or priority of the security interest against those persons […]
Section 7-11-107 – Transition Provisions as to Priorities.
Section 7-11-107 Transition provisions as to priorities. Except as otherwise provided in this Article 11, the old U.C.C. shall apply to any questions of priority if the positions of the parties were fixed prior to February 1, 1982. In other cases questions of priority shall be determined by the new U.C.C. (Acts 1981, No. 81-312, […]
Section 7-11-108 – Presumption That Rule of Law Continues Unchanged.
Section 7-11-108 Presumption that rule of law continues unchanged. Unless a change in law has clearly been made, the provisions of the new U.C.C. shall be deemed declaratory of the meaning of the old U.C.C. (Acts 1981, No. 81-312, p. 399.)
Section 7-9A-806 – When Initial Financing Statement Suffices to Continue Effectiveness of Financing Statement.
Section 7-9A-806 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 Section 7-9A-501 continues the effectiveness of a financing statement filed before July 1, 2014, if: (1) the filing of an initial […]
Section 7-9A-807 – Amendment of Pre-Effective Date Financing Statement.
Section 7-9A-807 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 July 1, 2014. (b) Applicable law. After July 1, 2014, a person may add or delete collateral covered by, continue or terminate the effectiveness of, or otherwise amend the […]
Section 7-9A-613 – Contents and Form of Notification Before Disposition of Collateral: General.
Section 7-9A-613 Contents and form of notification before disposition of collateral: General. Except in a consumer-goods transaction, the following rules apply: (1) The contents of a notification of disposition are sufficient if the notification: (A) describes the debtor and the secured party; (B) describes the collateral that is the subject of the intended disposition; (C) […]
Section 7-9A-701 – Effective Date.
Section 7-9A-701 Effective date. This article is effective January 1, 2002, except Section 7-9A-525 is effective July 1, 2001. (Act 2001-481, p. 647, §1.)
Section 7-9A-614 – Contents and Form of Notification Before Disposition of Collateral: Consumer-Goods Transaction.
Section 7-9A-614 Contents and form of notification before disposition of collateral: Consumer-goods transaction. In a consumer-goods transaction, the following rules apply: (1) A notification of disposition must provide the following information: (A) the information specified in Section 7-9A-613(1); (B) a description of any liability for a deficiency of the person to which the notification is […]
Section 7-9A-702 – Savings Clause.
Section 7-9A-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 […]