§ 8.9A-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 title takes effect; or (B) to perfect or continue […]
§ 8.9A-709. Priority
(a) Law governing priority. This title determines the priority of conflicting claims to collateral. However, if the relative priorities of the claims were established before this title takes effect, former Title 8.9 determines priority. (b) Priority if security interest becomes enforceable under § 8.9A-203. For purposes of § 8.9A-322 (a), the priority of a security […]
§ 8.9A-707. Amendment of preeffective-date financing statement
(a) Preeffective-date financing statement. In this section, “preeffective-date financing statement” means a financing statement filed before this title takes effect. (b) Applicable law. After this title 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 preeffective-date financing statement only […]
§ 8.9A-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 title 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 title if, when this takes effect, the applicable requirements […]
§ 8.9A-704. Security interest unperfected before effective date
A security interest that is enforceable immediately before this title 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 takes effect; (2) remains enforceable thereafter if the security interest becomes enforceable under […]
§ 8.9A-705. Effectiveness of action taken before effective date
(a) Preeffective-date action; one-year perfection period unless reperfected. If action, other than the filing of a financing statement, is taken before this title 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 […]
§ 8.9A-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 § 8.9A-501 continues the effectiveness of a financing statement filed before this title takes effect if: (1) the filing of an initial financing statement in that office would be effective to perfect a security […]
§ 8.9A-701. Effective date
This title takes effect on July 1, 2001. 2000, c. 1007.
§ 8.9A-702. Savings clause
(a) Preeffective-date transactions or liens. Except as otherwise provided in this part, this title applies to a transaction or lien within its scope, even if the transaction or lien was entered into or created before this title takes effect. (b) Continuing validity. Except as otherwise provided in subsection (c) and §§ 8.9A-703 through 8.9A-709: (1) […]