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 §9-1627. Determination of whether conduct was commercially reasonable
§9-1627. Determination of whether conduct was commercially reasonable (1). The fact that a greater amount could have been obtained by a collection, enforcement, disposition or acceptance at a different time or in a different method from that selected by the secured party is not of itself sufficient to preclude the secured party from establishing that […]
11 §9-1628. Nonliability and limitation on liability of secured party; liability of secondary obligor
§9-1628. Nonliability and limitation on liability of secured party; liability of secondary obligor (1). Unless a secured party knows that a person is a debtor or obligor, knows the identity of the person and knows how to communicate with the person: (a). The secured party is not liable to the person or to a […]
11 §9-1701. Effective date
§9-1701. Effective date This Article takes effect on July 1, 2001. [PL 1999, c. 699, Pt. A, §2 (NEW); PL 1999, c. 699, Pt. A, §4 (AFF).] SECTION HISTORY PL 1999, c. 699, §A2 (NEW). PL 1999, c. 699, §A4 (AFF).
11 §9-1702. Savings clause
§9-1702. Savings clause (1). 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. [PL 1999, c. 699, Pt. A, §2 (NEW); PL 1999, c. 699, Pt. A, §4 (AFF).] […]
11 §9-1615. Application of proceeds of disposition; liability for deficiency and right to surplus
§9-1615. Application of proceeds of disposition; liability for deficiency and right to surplus (1). A secured party shall apply or pay over for application the cash proceeds of disposition under section 9-1610 in the following order to: (a). The reasonable expenses of retaking, holding, preparing for disposition, processing and disposing and, to the extent […]
11 §9-1703. Security interest perfected before effective date
§9-1703. Security interest perfected before effective date (1). A security interest that is enforceable immediately before this Article 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 Article if, when this Article takes effect, the applicable requirements […]
11 §9-1616. Explanation of calculation of surplus or deficiency
§9-1616. Explanation of calculation of surplus or deficiency (1). In this section: (a). “Explanation” means a writing that: (i) States the amount of the surplus or deficiency; (ii) Provides an explanation in accordance with subsection (3) of how the secured party calculated the surplus or deficiency; (iii) States, if applicable, that […]