§ 75-9-801. Effective date
Chapter 451, Laws of 2013, takes effect on July 1, 2013.
§ 75-9-802. Savings clause
Except as otherwise provided in this part, Chapter 451, Laws of 2013, applies to a transaction or lien within its scope, even if the transaction or lien was entered into or created before July 1, 2013. Chapter 451, Laws of 2013, does not affect an action, case, or proceeding commenced before July 1, 2013.
§ 75-9-803. Security interest perfected before July 1, 2013
A security interest that is a perfected security interest immediately before July 1, 2013, is a perfected security interest under Article 9 as amended by Chapter 451, Laws of 2013, if, on July 1, 2013, the applicable requirements for attachment and perfection under Article 9 as amended by Chapter 451, Laws of 2013, are satisfied […]
§ 75-9-804. Security interest unperfected before July 1, 2013
A security interest that is an unperfected security interest immediately before July 1, 2013, becomes a perfected security interest: Without further action, on July 1, 2013, if the applicable requirements for perfection under Article 9 as amended by Chapter 451, Laws of 2013, are satisfied before or at that time; or When the applicable requirements […]
§ 75-9-805. Effectiveness of action taken before July 1, 2013
The filing of a financing statement before July 1, 2013, is effective to perfect a security interest to the extent the filing would satisfy the applicable requirements for perfection under Article 9 as amended by Chapter 451, Laws of 2013. Chapter 451, Laws of 2013, does not render ineffective an effective financing statement that, before […]
§ 75-9-806. When initial financing statement suffices to continue effectiveness of financing statement
The filing of an initial financing statement in the office specified in Section 75-9-501 continues the effectiveness of a financing statement filed before July 1, 2013, if: The filing of an initial financing statement in that office would be effective to perfect a security interest under Article 9 as amended by Chapter 451, Laws of […]
§ 75-9-807. Amendment of pre-effective-date financing statement
In this section, “pre-effective-date financing statement” means a financing statement filed before July 1, 2013. After July 1, 2013, 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 accordance with the law of the jurisdiction governing […]
§ 75-9-808. Person 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: The secured party of record authorizes the filing; and The filing is necessary under this part: To continue the effectiveness of a financing statement filed before July 1, 2013; or To perfect or continue the perfection of a security […]
§ 75-9-809. Priority
Chapter 451, Laws of 2013, determines the priority of conflicting claims to collateral. However, if the relative priorities of the claims were established before July 1, 2013, Article 9 as it existed before amendment determines priority.