§ 4-9-701. Effective date
Acts 2001, No. 1439, takes effect on July 1, 2001.
§ 4-9-702. Savings clause
(a) Except as otherwise provided in this part, Acts 2001, No. 1439, applies to a transaction or lien within its scope, even if the transaction or lien was entered into or created before this act takes effect on July 1, 2001. (b) Except as otherwise provided in subsection (c) and §§ 4-9-703 — 4-9-709: (1) […]
§ 4-9-703. Security interest perfected before effective date
(a) A security interest that is enforceable immediately before Acts 2001, No. 1439, takes effect on 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 act if, when this act takes effect, the applicable requirements for […]
§ 4-9-704. Security interest unperfected before effective date
A security interest that is enforceable immediately before this act takes effect on 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 one (1) year after this act takes effect; (2) remains enforceable thereafter if […]
§ 4-9-705. Effectiveness of action taken before effective date
(a) If action, other than the filing of a financing statement, is taken before this act takes effect on 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 enforceable before this act takes […]
§ 4-9-706. When initial financing statement suffices to continue effectiveness of financing statement
(a) The filing of an initial financing statement in the office specified in § 4-9-501 continues the effectiveness of a financing statement filed before this act takes effect on July 1, 2001, if: (1) the filing of an initial financing statement in that office would be effective to perfect a security interest under this act; […]
§ 4-9-707. Amendment of pre-effective-date financing statement
(a) In this section, “pre-effective-date financing statement” means a financing statement filed before this act takes effect on July 1, 2001. (b) After this act takes effect, a person may add or delete collateral covered by, continue or terminate the effectiveness of, or otherwise amend the information provided in, a pre-effective-date financing statement only in […]
§ 4-9-708. 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: (A) to continue the effectiveness of a financing statement filed before this act takes effect on July 1, 2001; or (B) […]
§ 4-9-709. Priority
(a) This act determines the priority of conflicting claims to collateral. However, if the relative priorities of the claims were established before this act takes effect on July 1, 2001, former Chapter 9 determines priority. (b) For purposes of § 4-9-322(a), the priority of a security interest that becomes enforceable under § 4-9-203 dates from […]