US Lawyer Database

§46-9-807. Amendment of Preeffective-Date Financing Statement

(a) "Preeffective-date financing statement". — In this section, "preeffective-date financing statement" means a financing statement filed before the amendments to this article during the 2012 Regular Legislative Session take effect. (b) Applicable law. — After the amendments to this article during the 2012 Regular Legislative Session take effect, a person may add or delete collateral […]

§46-9-702. Savings Clause

(a) Pre-effective-date transactions or liens. Except as otherwise provided in this part, this article applies to a transaction or lien within its scope, even if the transaction or lien was entered into or created before this article takes effect. (b) Continuing validity. Except as otherwise provided in subsection (c) of this section and sections 9-703 […]

§46-9-703. Security Interest Perfected Before Effective Date

(a) Continuing priority over lien creditor: perfection requirements satisfied. A security interest that is enforceable immediately before this article takes effect 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 article if, when this article takes effect, the applicable […]

§46-9-704. Security Interest Unperfected Before Effective Date

A security interest that is enforceable immediately before this article 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 two years after this article takes effect;

§46-9-705. Effectiveness of Action Taken Before Effective Date

§46-9-705. Effectiveness of action taken before effective date. (a) Pre-effective-date action; two-year perfection period unless reperfected. If action, other than the filing of a financing statement, is taken before this article takes effect and the action would have resulted in priority of a security interest over the rights of a person that becomes a lien […]