Section 10-102 – Provision for Transition
(1) Transactions validly entered into before the effective date of the original Code, 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may be terminated, completed, consummated or enforced as required or permitted by any statute or other law amended or repealed by the original Code as though such repeal or amendment […]
Section 10-103 – General Repealer
Except as provided in the following section, all laws and parts of laws inconsistent with the original Code on its effective date are hereby repealed.
Section 10-104 – Laws Not Repealed
Title 7 on documents of title does not repeal or modify any laws prescribing the form or contents of documents of title or the services or facilities to be afforded by bailees, or otherwise regulating bailees’ businesses in respects not specifically dealt with herein; but the fact that such laws are violated does not affect […]
Section 10-106 – Continued Application of 10-102
The provisions of § 10-102 as amended shall continue to apply to this act and for this purpose the original Code and this act shall be considered one continuous statute.
Section 10-107 – Validity of Transactions Entered After February 1, 1964, and Before January 1, 1981; Security Interest Perfected on January 1, 1981
Transactions validly entered after 12:01 a.m. on February 1, 1964, and before the effective date of this act, and which were subject to the provisions of the original Code and which would be subject to this act as amended if they had been entered into after the effective date of this act and the rights, […]
Section 10-108 – Security Interest Deemed Perfected
A security interest for the perfection of which filing or the taking of possession was required under the original Code and which attached prior to the effective date of this act but was not perfected shall be deemed perfected on the effective date of this act if this act permits perfection without such filing or […]
Section 10-109 – Effective Period of Statement Which Shall Not Have Lapsed; Transitional Filing
(1) A financing statement or continuation statement filed prior to the effective date of this act, which shall not have lapsed prior to said effective date shall remain effective for the period provided in the original Code, but not less than that period of time for which the filing was effective pursuant to the original Code […]
Section 10-110 – Continuation of Perfected Security Interest
(1) If a security interest is perfected or has priority when this act takes effect as to all persons or as to certain persons without any filing or recording, and if the filing of a financing statement would be required for the perfection or priority of the security interest against those persons under this act, the […]
Section 10-111 – Determination of Questions of Priorities
Except as otherwise provided in this subtitle, the original Code shall apply to any questions of priorities if the positions of the parties were fixed prior to the effective date of this act. In other cases, questions of priorities shall be determined by this act for priorities fixed prior to 12:01 a.m. on July 1, […]
Section 10-112 – Provisions Deemed Declaratory
Unless a change in law has clearly been made, the provisions of this act shall be deemed declaratory of the meaning of the original Code.