§ 11-9-803. Security Interest Perfected Before Effective Date
Continuing perfection; perfection requirements satisfied. A security interest that is a perfected security interest immediately before July 1, 2013, is a perfected security interest under this article, as in effect on July 1, 2013, if, on July 1, 2013, the applicable requirements for attachment and perfection under this article, as in effect on July […]
§ 11-9-804. Security Interest Unperfected Before Effective Date
A security interest that is an unperfected security interest immediately before July 1, 2013, becomes a perfected security interest: Without further action, on July 1, 2013, if the applicable requirements for perfection under this article, as in effect on July 1, 2013, are satisfied before or at that time; or When the applicable requirements for […]
§ 11-9-805. Effectiveness of Action Taken Before Effective Date
Pre-effective date filing effective. The filing of a financing statement before July 1, 2013, is effective to perfect a security interest to the extent the filing would satisfy the applicable requirements for perfection under this article, as in effect on July 1, 2013. When pre-effective date filing becomes ineffective. Changes made to this […]
§ 11-9-806. When Initial Financing Statement Suffices to Continue Effectiveness of Financing Statement
Initial financing statement in lieu of continuation statement. The filing of an initial financing statement in the office specified in Code Section 11-9-501 continues the effectiveness of a financing statement filed before July 1, 2013, if: The filing of an initial financing statement in that office would be effective to perfect a security interest […]
§ 11-9-807. Amendment of Pre-Effective Date Financing Statement
“Pre-effective date financing statement.” As used in this Code section, the term “pre-effective date financing statement” means a financing statement filed before July 1, 2013. Applicable law. On or after July 1, 2013, a person may add or delete collateral covered by, continue or terminate the effectiveness of, or otherwise amend the information […]
§ 11-9-808. Person 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: The secured party of record authorizes the filing; and The filing is necessary under this part: To continue the effectiveness of a financing statement filed before July 1, 2013; or To perfect or continue the perfection of a security […]
§ 11-9-809. Priority
This article, as in effect on July 1, 2013, determines the priority of conflicting claims to collateral. However, if the relative priorities of the claims were established before July 1, 2013, the former provisions of this article, as in effect prior to July 1, 2013, determine priority. History. Code 1981, § 11-9-809 , enacted by […]
§ 11-9-802. Savings Clause
Pre-effective date transactions or liens. Except as otherwise provided in this part, this article, as in effect on July 1, 2013, applies to a transaction or lien within its scope, even if the transaction or lien was entered into or created before July 1, 2013. Pre-effective date proceedings. This article, as in effect […]