§ 11-9-704. Security Interest Unperfected Before Effective Date
A security interest that is enforceable immediately before July 1, 2001, but which would be subordinate to the rights of a person that becomes a lien creditor at that time: Remains an enforceable security interest on and for one year after July 1, 2001; Remains enforceable thereafter if the security interest becomes enforceable under Code […]
§ 11-10-102. Provision for Transition
Transactions validly entered into before the effective date specified in Code Section 11-10-101 and the rights, duties, and interests flowing from them remain valid thereafter and may be terminated, completed, consummated, or enforced as required or permitted by any statute or other law amended or repealed by this title as though such repeal or amendment […]
§ 11-9-705. Effectiveness of Action Taken Before Effective Date
Pre-effective date action; one-year perfection period unless reperfected. 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 […]
§ 11-9-706. 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, 2001, if: The filing of an initial financing statement in that office would be effective to perfect a security interest […]
§ 11-9-707. Amendment of Pre-Effective Date Financing Statement
“Pre-effective date financing statement.” In this Code section, “pre-effective date financing statement” means a financing statement filed before July 1, 2001. Applicable law. On or 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 […]
§ 11-9-708. 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: 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, 2001; or To perfect or continue the perfection of a security […]
§ 11-9-709. Priority
Law governing priority. This article determines the priority of conflicting claims to collateral. However, if the relative priorities of the claims were established before July 1, 2001, former Article 9 of this title determines priority. Priority if security interest becomes enforceable under Code Section 11-9-203. For purposes of subsection (a) of Code Section […]
§ 11-9-710. Exculpation
From July 1, 2001, until July 1, 2006, any search company shall not be liable to its customer as a result of failing to disclose the existence of a filed financing statement in any filing office or index maintained by the authority searched in good faith by such search company to the extent such failure […]
§ 11-9-623. Right to Redeem Collateral
Persons that may redeem. A debtor, any secondary obligor, or any other secured party or lienholder may redeem collateral. Requirements for redemption. To redeem collateral, a person shall tender: Fulfillment of all obligations secured by the collateral; and The reasonable expenses and attorney’s fees described in paragraph (1) of subsection (a) of Code […]
§ 11-9-624. Waiver
Waiver of disposition notification. A debtor or secondary obligor may waive the right to notification of disposition of collateral under Code Section 11-9-611 only by an agreement to that effect entered into and authenticated after default. Waiver of mandatory disposition. A debtor may waive the right to require disposition of collateral under subsection […]