US Lawyer Database

§46-9-709. Priority

(a) Law governing priority. This article determines the priority of conflicting claims to collateral. However, if the relative priorities of the claims were established before this article takes effect, former article nine determines priority. (b) Priority if security interest becomes enforceable under section 9-203. For purposes of section 9-322(a), the priority of a security interest […]

§46-9-801. Effective Date

§46-9-801. Effective date. The amendments to this article enacted by the Legislature during the 2012 Regular Legislative Session take effect on July 1, 2013.

§46-9-802. Savings Clause

(a) Preeffective-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 the amendments to this article during the 2012 Regular Legislative Session take effect as provided in section 9-801. (b) […]

§46-9-803. Security Interest Perfected Before Effective Date

(a) Continuing perfection: perfection requirements satisfied. — A security interest that is a perfected security interest immediately before the amendments to this article take effect is a perfected security interest under this article if, when this article takes effect, the applicable requirements for attachment and perfection under this article as amended by the Legislature during […]

§46-9-804. Security Interest Unperfected Before Effective Date

A security interest that is an unperfected security interest immediately before the amendments to this article during the 2012 Regular Legislative Session take effect becomes a perfected security interest: (1) Without further action, when the amendments to this article during the 2012 Regular Legislative Session take effect if the applicable requirements for perfection under this […]

§46-9-626. Action in Which Deficiency or Surplus Is in Issue

(a) Applicable rules if amount of deficiency or surplus in issue. In an action arising from a transaction, other than a consumer 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 […]

§46-9-805. Effectiveness of Action Taken Before Effective Date

(a) Preeffective-date filing effective. — The filing of a financing statement before the amendments to this article during the 2012 Regular Legislative Session take effect is effective to perfect a security interest to the extent the filing would satisfy the applicable requirements for perfection under this article as amended during the 2012 Regular Legislative Session. […]

§46-9-627. Determination of Whether Conduct Was Commercially Reasonable

(a) Greater amount obtainable under other circumstances; no preclusion of commercial reasonableness. 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 […]