Section 9-701 – Effective Date

    (a)    This title takes effect at 12:01 a.m. on July 1, 2001.     (b)    In this subtitle the following words have the meanings indicated.         (1)    “Original Code” means Chapter 538 of the Acts of 1963, as the provisions of that chapter were amended prior to 12:01 a.m. on January 1, 1981.         (2)    “Prior Code” means Chapter 824 of the Acts […]

Section 9-702 – Savings Clause

    (a)    Except as otherwise provided in this subtitle, this title applies to a transaction or lien within its scope, even if the transaction or lien was entered into or created before this title takes effect.     (b)    Except as otherwise provided in subsection (c) and §§ 9-703 through 9-709:         (1)    Transactions and liens that were not governed by the […]

Section 9-703 – Security Interest Perfected Before Effective Date

    (a)    A security interest that is enforceable immediately before this title 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 title if, when this title takes effect, the applicable requirements for enforceability and perfection under this title are […]

Section 9-704 – Security Interest Unperfected Before Effective Date

    A security interest that is enforceable immediately before this title 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 one year after this title takes effect;         (2)    Remains enforceable thereafter if the security interest becomes enforceable under § […]

Section 9-705 – Effectiveness of Action Taken Before Effective Date

    (a)    If action, other than the filing of a financing statement, is taken before this title takes effect 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 title takes effect, the action is effective […]

Section 9-706 – When Initial Financing Statement Suffices as Continuation Statement

    (a)    The filing of an initial financing statement in the office specified in § 9-501 continues the effectiveness of a financing statement filed before this title takes effect if:         (1)    The filing of an initial financing statement in that office would be effective to perfect a security interest under this title;         (2)    The pre-effective-date financing statement was filed […]

Section 9-707 – Amendment of Information in Pre-Effective-Date Financing Statement

    (a)    In this section, “pre-effective-date financing statement” means a financing statement filed before this title takes effect.     (b)    After this title 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 accordance with the law of the […]

Section 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 subtitle:             (A)    To continue the effectiveness of a financing statement filed before this title takes effect; or             (B)    To perfect or continue the perfection of a […]

Section 9-709 – Priority

    (a)    This title determines the priority of conflicting claims to collateral. However, if the relative priorities of the claims were established before this title takes effect, the prior Code determines priority.     (b)    For purposes of § 9-322(a), the priority of a security interest that becomes enforceable under § 9-203 of this title dates from the time this […]