Section 9-806 – Effectiveness of Action Taken Before Effective Date
(a) The filing of a financing statement before the Act takes effect is effective to perfect a security interest to the extent the filing would satisfy the applicable requirements for perfection under this title, as amended by the Act. (b) The Act does not render ineffective an effective financing statement that, before the Act takes effect, is […]
Section 9-807 – When Initial Financing Statement Suffices to Continue Effectiveness of Financing Statement
(a) The filing of an initial financing statement in the office specified in § 9–501 continues the effectiveness of a pre–effective–date financing statement if: (1) The filing of an initial financing statement in that office would be effective to perfect a security interest under this title, as amended by the Act; (2) The pre–effective–date financing statement was filed […]
Section 9-808 – Amendment of Pre-Effective-Date Financing Statement
(a) After the Act takes effect, 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–date financing statement only in accordance with the law of the jurisdiction governing perfection as provided in this title, as amended by the Act. However, the effectiveness […]
Section 9-809 – Person Entitled to File Initial Financing Statement or Continuation Statement
A person may file an initial financing statement or a continuation statement under this subtitle if: (1) The secured party of record authorizes the filing; and (2) The filing is necessary under this subtitle: (A) To continue the effectiveness of a financing statement filed before the Act takes effect; or (B) To perfect or continue the perfection of a […]
Section 9-810 – Priority
The Act determines the priority of conflicting claims to collateral. However, if the relative priorities of the claims were established before the Act takes effect, this title, as it existed before the Act takes effect, determines priority.
Section 9-706 – When Initial Financing Statement Suffices as Continuation Statement
(a) The filing of an initial financing statement in the office specified in § 9-501 continues the effectiveness of a financing statement filed before this title takes effect if: (1) The filing of an initial financing statement in that office would be effective to perfect a security interest under this title; (2) The pre-effective-date financing statement was filed […]
Section 9-707 – Amendment of Information in Pre-Effective-Date Financing Statement
(a) In this section, “pre-effective-date financing statement” means a financing statement filed before this title takes effect. (b) After this title takes effect, 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-date financing statement only in accordance with the law of the […]
Section 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: (1) The secured party of record authorizes the filing; and (2) The filing is necessary under this subtitle: (A) To continue the effectiveness of a financing statement filed before this title takes effect; or (B) To perfect or continue the perfection of a […]
Section 9-709 – Priority
(a) This title determines the priority of conflicting claims to collateral. However, if the relative priorities of the claims were established before this title takes effect, the prior Code determines priority. (b) For purposes of § 9-322(a), the priority of a security interest that becomes enforceable under § 9-203 of this title dates from the time this […]
Section 9-801 – Defined Terms
(a) In this subtitle the following words have the meanings indicated. (b) “Act” means Chapter 674 of the Acts of the General Assembly of 2012. (c) “Pre–effective–date financing statement” means a financing statement filed before the effective date of the Act.