Section 6A-9-706. – When initial financing statement suffices to continue effectiveness of financing statement.
§ 6A-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 § 6A-9-501 continues the effectiveness of a financing statement filed before this chapter takes effect if: (1) The filing of an […]
Section 6A-9-707. – Amendment of pre-effective-date financing statement.
§ 6A-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 this chapter takes effect. (b) Applicable law. After this chapter takes effect, a person may add or delete collateral covered by, continue or terminate the effectiveness of, or otherwise amend the […]
Section 6A-9-708. – Persons entitled to file initial financing statement or continuation statement.
§ 6A-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: (i) To continue the effectiveness of a financing statement […]
Section 6A-9-709. – Priority.
§ 6A-9-709. Priority. (a) Law governing priority. This chapter determines the priority of conflicting claims to collateral. However, if the relative priorities of the claims were established before this chapter takes effect, former chapter 9 of this title determines priority. (b) Priority if security interest becomes enforceable under § 6A-9-203. For purposes of § 6A-9-322(a), […]
Section 6A-9-710. – Official comments.
§ 6A-9-710. Official comments. It is the intention of the general assembly that the official comments to this chapter, including the 2010 amendments to said official comments, represent the express legislative intent of the general assembly and shall be used as a guide for interpretation of this chapter. History of Section.P.L. 2000, ch. 182, § […]
Section 6A-9-801. – Effective date.
§ 6A-9-801. Effective date. (a) In this part, “amendatory act” means the public law by which this part is added to chapter 9 of title 6A effective July 1, 2013. (b) This amendatory act takes effect on July 1, 2013. History of Section.P.L. 2011, ch. 173, § 3; P.L. 2011, ch. 192, § 3.
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 […]