Section 6A-9-802. – Savings clause.
§ 6A-9-802. Savings clause. (a) Pre-effective-date transactions or liens. Except as otherwise provided in this part, the amendatory act applies to a transaction or lien within its scope, even if the transaction or lien was entered into or created before the amendatory act takes effect. (b) Pre-effective-date proceedings. The amendatory act does not affect an […]
Section 6A-9-803. – Security interest perfected before effective date.
§ 6A-9-803. Security interest perfected before effective date. (a) Continuing perfection: perfection requirements satisfied. A security interest that is a perfected security interest immediately before the amendatory act takes effect is a perfected security interest under this chapter as amended by the amendatory act if, when the amendatory act takes effect, the applicable requirements for […]
Section 6A-9-804. – Security interest unperfected before effective date.
§ 6A-9-804. Security interest unperfected before effective date. A security interest that is an unperfected security interest immediately before the amendatory act takes effect becomes a perfected security interest: (1) Without further action, when the amendatory act takes effect if the applicable requirements for perfection under this chapter as amended by the amendatory act are […]
Section 6A-9-805. – Effectiveness of action taken before effective date.
§ 6A-9-805. Effectiveness of action taken before effective date. (a) Pre-effective-date filing effective. The filing of a financing statement before the amendatory act takes effect is effective to perfect a security interest to the extent the filing would satisfy the applicable requirements for perfection under this chapter as amended by the amendatory act. (b) When […]
Section 6A-9-806. – When initial financing statement suffices to continue effectiveness of financing statement.
§ 6A-9-806. 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 § 6A-9-501 continues the effectiveness of a financing statement filed before the amendatory act takes effect if: (1) The filing of […]
Section 6A-9-807. – Amendment of pre-effective-date financing statement.
§ 6A-9-807. 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 the amendatory act takes effect. (b) Applicable law. After the amendatory act takes effect, a person may add or delete collateral covered by, continue or terminate the effectiveness of, or otherwise amend […]
Section 6A-9-808. – Person entitled to file initial financing statement or continuation statement.
§ 6A-9-808. Person 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: (i) To continue the effectiveness of a financing statement […]
Section 6A-9-809. – Priority.
§ 6A-9-809. Priority. The amendatory act determines the priority of conflicting claims to collateral. However, if the relative priorities of the claims were established before the amendatory act took effect, then this chapter, as it existed before the amendatory act took effect determines priority. History of Section.P.L. 2011, ch. 173, § 3; P.L. 2011, ch. […]
Section 6A-9-704. – Security interest unperfected before effective date.
§ 6A-9-704. Security interest unperfected before effective date. A security interest that is enforceable immediately before this chapter takes effect but which would be subordinate to the rights of a person that becomes a lien creditor at that time: (1) Remains an enforceable security interest for one year after this chapter takes effect; (2) Remains […]
Section 6A-9-705. – Effectiveness of action taken before effective date.
§ 6A-9-705. Effectiveness of action taken before effective date. (a) Pre-effective-date action; one-year perfection period unless reperfected. If action, other than the filing of a financing statement, is taken before this chapter takes effect and the action would have resulted in priority of a security interest over the rights of a person that becomes a […]