Section 7-9A-801 – Effective Date.
Section 7-9A-801 Effective date. Act 2014-374 takes effect on July 1, 2014. (Act 2014-374, p. 1339, §2.)
Section 7-9A-802 – Savings Clause.
Section 7-9A-802 Savings clause. (a) Pre-effective date transactions or liens. Except as otherwise provided in this part, Act 2014-374 applies to a transaction or lien within its scope, even if the transaction or lien was entered into or created before July 1, 2014. (b) Pre-effective date proceedings. Act 2014-374 does not affect an action, case, […]
Section 7-9A-803 – Security Interest Perfected Before July 1, 2014.
Section 7-9A-803 Security interest perfected before July 1, 2014. (a) Continuing perfection: perfection requirements satisfied. A security interest that is a perfected security interest immediately before July 1, 2014, is a perfected security interest under Article 9A as amended by Act 2014-374 if, when Act 2014-374 takes effect, the applicable requirements for attachment and perfection […]
Section 7-9A-804 – Security Interest Unperfected Before Effective Date.
Section 7-9A-804 Security interest unperfected before effective date. A security interest that is an unperfected security interest immediately before July 1, 2014, becomes a perfected security interest: (1) without further action, on July 1, 2014, if the applicable requirements for perfection under Article 9A as amended by Act 2014-374 are satisfied before or at that […]
Section 7-9A-805 – Effectiveness of Action Taken Before Effective Date.
Section 7-9A-805 Effectiveness of action taken before effective date. (a) Pre-effective date filing effective. The filing of a financing statement before July 1, 2014, is effective to perfect a security interest to the extent the filing would satisfy the applicable requirements for perfection under Article 9A as amended by Act 2014-374. (b) When pre-effective date […]
Section 7-9A-806 – When Initial Financing Statement Suffices to Continue Effectiveness of Financing Statement.
Section 7-9A-806 When initial financing statement suffices to continue effectiveness of financing statement. (a) Initial financing statement in lieu of continuation statement. The filing of an initial financing statement in the office specified in Section 7-9A-501 continues the effectiveness of a financing statement filed before July 1, 2014, if: (1) the filing of an initial […]
Section 7-9A-807 – Amendment of Pre-Effective Date Financing Statement.
Section 7-9A-807 Amendment of pre-effective date financing statement. (a) Pre-effective date financing statement. In this section, pre-effective date financing statement means a financing statement filed before July 1, 2014. (b) Applicable law. After July 1, 2014, a person may add or delete collateral covered by, continue or terminate the effectiveness of, or otherwise amend the […]
Section 7-9A-808 – Person Entitled to File Initial Financing Statement or Continuation Statement.
Section 7-9A-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: (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 […]
Section 7-9A-809 – Priority.
Section 7-9A-809 Priority. Act 2014-374 determines the priority of conflicting claims to collateral. However, if the relative priorities of the claims were established before July 1, 2014, Article 9A as it existed before amendment determines priority. (Act 2014-374, p. 1339, §2.)