Section 57A-9-709 – Determination of priority of conflicting claims to collateral–Dating priority of security interest.
57A-9-709. Determination of priority of conflicting claims to collateral–Dating priority of security interest. (a) This chapter determines the priority of conflicting claims to collateral. However, if the relative priorities of the claims were established before July 1, 2001, former chapter 57A-9 determines priority. (b) For purposes of §57A-9-322(a), the priority of a security interest that […]
Section 57A-9-626 – Action in which amount of deficiency or surplus is in issue.
57A-9-626. Action in which amount of deficiency or surplus is in issue. (a) In an action arising from a transaction in which the amount of a deficiency or surplus is in issue, the following rules apply: (1)A secured party need not prove compliance with the provisions of this part relating to collection, enforcement, disposition, or […]
Section 57A-9-627 – What constitutes commercially reasonable collection, enforcement, disposition, or acceptance.
57A-9-627. What constitutes commercially reasonable collection, enforcement, disposition, or acceptance. (a) The fact that a greater amount could have been obtained by a collection, enforcement, disposition, or acceptance at a different time or in a different method from that selected by the secured party is not of itself sufficient to preclude the secured party from […]
Section 57A-9-628 – Limitations on liability of secured party.
57A-9-628. Limitations on liability of secured party. (a) 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 party is not liable to the person, or to a secured party or lienholder that has filed a […]
Section 57A-9-701 – Effective date of chapter.
57A-9-701. Effective date of chapter. This chapter is effective on July 1, 2001, and on July 1, 2001, chapter 57A-9 is repealed. Source: SL 2000, ch 231.
Section 57A-9-702 – Effect of chapter on transactions or liens entered into or created before July 1, 2001–Effect on actions, cases, or proceedings.
57A-9-702. Effect of chapter on transactions or liens entered into or created before July 1, 2001–Effect on actions, cases, or proceedings. (a) Except as otherwise provided in this part, this chapter applies to a transaction or lien within its scope, even if the transaction or lien was entered into or created before July 1, 2001. […]
Section 57A-9-703 – Effect of division on security interests enforceable before July 1, 2001.
57A-9-703. Effect of division on security interests enforceable before July 1, 2001. (a) A security interest that is enforceable immediately before July 1, 2001, and would have priority over the rights of a person that becomes a lien creditor at that time is a perfected security interest under this chapter if, on July 1, 2001, […]
Section 57A-9-704 – Enforceability and perfection of security interest enforceable immediately prior to July 1, 2001, and subordinate to lien creditor.
57A-9-704. Enforceability and perfection of security interest enforceable immediately prior to July 1, 2001, and subordinate to lien creditor. A security interest that is enforceable immediately before July 1, 2001, 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 […]
Section 57A-9-705 – Effect of certain actions prior to July 1, 2001.
57A-9-705. Effect of certain actions prior to July 1, 2001. (a) If action, other than the filing of a financing statement, is taken before July 1, 2001, and the action would have resulted in priority of a security interest over the rights of a person that becomes a lien creditor had the security interest become […]
Section 57A-9-706 – Conditions to continuing effectiveness of financing statement filed before July 1, 2001.
57A-9-706. Conditions to continuing effectiveness of financing statement filed before July 1, 2001. (a) The filing of an initial financing statement in the office specified in §57A-9-501 continues the effectiveness of a financing statement filed before July 1, 2001 if: (1)The filing of an initial financing statement in that office would be effective to perfect […]