§ 25-9-706 – When initial financing statement suffices to continue effectiveness of financing statement.
25-9-706. When initial financing statement suffices to continue effectiveness of financing statement. (a) Initial financing statement in lieu of continuation statement. – The filing of an initial financing statement in the office specified in G.S. 25-9-501 continues the effectiveness of a financing statement filed before July 1, 2001 if: (1) The filing of an initial […]
§ 25-9-707 – Amendment of pre-effective-date financing statement.
25-9-707. Amendment of pre-effective-date financing statement. (a) "Pre-effective-date financing statement". – In this section, "pre-effective-date financing statement" means a financing statement filed before July 1, 2001. (b) Applicable law. – 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 […]
§ 25-9-708 – Persons entitled to file initial financing statement or continuation statement.
25-9-708. 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 Part: a. To continue the effectiveness of a financing statement filed […]
§ 25-9-709 – Priority.
25-9-709. Priority. (a) Law governing priority. – This act 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 determines priority. (b) Priority if security interest becomes enforceable under G.S. 25-9-203. – For purposes of G.S. 25-9-322(a), the priority of […]
§ 25-9-710 – Special transitional provision for maintaining and searching local-filing office records.
25-9-710. Special transitional provision for maintaining and searching local-filing office records. (a) In this section: (1) "Former-Article-9 records" means: a. Financing statements and other records that have been filed in the local-filing office before July 1, 2001, and that are, or upon processing and indexing will be, reflected in the index maintained, as of June […]
§ 25-10-101 – Effective date.
25-10-101. Effective date. This act shall become effective at midnight on June 30, 1967. It applies to transactions entered into and events occurring after that date. (1965, c. 700, s. 11.)
§ 25-10-102 – Specific repealer; provision for transition.
25-10-102. Specific repealer; provision for transition. (1) The following acts and all other acts and parts of acts inconsistent herewith are hereby repealed: Uniform Negotiable Instruments Act, G.S. 25-1 through G.S. 25-199. Uniform Warehouse Receipts Act, G.S. 27-1 through G.S. 27-53. Uniform Bills of Lading Act, G.S. 21-1 through G.S. 21-41. Uniform Stock Transfer Act, […]
§ 25-10-103 – General repealer.
25-10-103. General repealer. Except as provided in the following section, all acts and parts of acts inconsistent with this act are hereby repealed. (1965, c. 700, s. 6.)
§ 25-10-106 – Covered transactions not subject to prior registration statutes.
25-10-106. Covered transactions not subject to prior registration statutes. Any security interest subject to article 9 of the Uniform Commercial Code and which is perfected by filing or otherwise under the Uniform Commercial Code, article 9, shall not be subject in any way to chapter 47 of the North Carolina General Statutes. (1965, c. 700, […]
§ 25-9-628 – Nonliability and limitation on liability of secured party; liability of secondary obligor.
25-9-628. Nonliability and limitation on liability of secured party; liability of secondary obligor. (a) Limitation of liability of secured party for noncompliance with Article. – 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: (1) The secured […]