11 §9-1707. Amendment of preeffective-date financing statement
§9-1707. Amendment of preeffective-date financing statement (1). In this section, “preeffective-date financing statement” means a financing statement filed before this Article takes effect. [PL 1999, c. 699, Pt. A, §2 (NEW); PL 1999, c. 699, Pt. A, §4 (AFF).] (2). After this Article takes effect, a person may add or delete collateral covered by, […]
11 §9-1708. Persons entitled to file initial financing statement or continuation statement
§9-1708. 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: [PL 1999, c. 699, Pt. A, §2 (NEW); PL 1999, c. 699, Pt. A, §4 (AFF).] (1). The secured party of record authorizes the filing; and […]
11 §9-1709. Priority
§9-1709. Priority (1). This Article determines the priority of conflicting claims to collateral. However, if the relative priorities of the claims were established before this Article takes effect, former Article 9 determines priority. [PL 1999, c. 699, Pt. A, §2 (NEW); PL 1999, c. 699, Pt. A, §4 (AFF).] (2). For purposes of section […]
11 §9-1617. Rights of transferee of collateral
§9-1617. Rights of transferee of collateral (1). A secured party’s disposition of collateral after default: (a). Transfers to a transferee for value all of the debtor’s rights in the collateral; [PL 1999, c. 699, Pt. A, §2 (NEW); PL 1999, c. 699, Pt. A, §4 (AFF).] (b). Discharges the security interest under which […]
11 §9-1705. Effectiveness of action taken before effective date
§9-1705. Effectiveness of action taken before effective date (1). If action, other than the filing of a financing statement, is taken before this Article 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 […]
11 §9-1618. Rights and duties of certain secondary obligors
§9-1618. Rights and duties of certain secondary obligors (1). A secondary obligor acquires the rights and becomes obligated to perform the duties of the secured party after the secondary obligor: (a). Receives an assignment of a secured obligation from the secured party; [PL 1999, c. 699, Pt. A, §2 (NEW); PL 1999, c. […]
11 §9-1706. When initial financing statement suffices to continue effectiveness of financing statement
§9-1706. When initial financing statement suffices to continue effectiveness of financing statement (1). The filing of an initial financing statement in the office specified in section 9‑1501 continues the effectiveness of a financing statement filed before this Article takes effect if: (a). The filing of an initial financing statement in that office would be […]
11 §9-1619. Transfer of record or legal title
§9-1619. Transfer of record or legal title (1). In this section, “transfer statement” means a record authenticated by a secured party stating: (a). That the debtor has defaulted in connection with an obligation secured by specified collateral; [PL 1999, c. 699, Pt. A, §2 (NEW); PL 1999, c. 699, Pt. A, §4 (AFF).] […]
11 §9-1620. Acceptance of collateral in full or partial satisfaction of obligation; compulsory disposition of collateral
§9-1620. Acceptance of collateral in full or partial satisfaction of obligation; compulsory disposition of collateral (1). Except as otherwise provided in subsection (7), a secured party may accept collateral in full or partial satisfaction of the obligation it secures only if: (a). The debtor consents to the acceptance under subsection (3); [PL 1999, […]
11 §9-1621. Notification of proposal to accept collateral
§9-1621. Notification of proposal to accept collateral (1). A secured party that desires to accept collateral in full or partial satisfaction of the obligation it secures shall send its proposal to: (a). Any person from which the secured party has received, before the debtor consented to the acceptance, an authenticated notification of a claim […]