Code of Alabama |
Match Context and Document information |
URL: | http://alisondb.legislature.state.al.us/alison/CodeOfAlabama /1975/7-9A-704.htm |
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Depth: | 0 singles |
Size: | 1,164 bytes |
Modified: | 2003-01-22 13:41:34 |
Categories: | -None- |
Title: | 7-9A-704 |
Description: | -None- |
Keywords: | -None- |
Meta data: | -None- |
Body: | Section 7-9A-704 Security interest unperfected before January 1, 2002. A security interest that is enforceable immediately before January 1, 2002, 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 January 1, 2002; (2) remains enforceable thereafter if the security interest becomes enforceable under Section 7-9A-203 on January 1, 2002, or within one year thereafter; and (3) becomes perfected: (A) without further action, on January 1, 2002, if the applicable requirements for perfection under this article are satisfied before or at that time; or (B) when the applicable requirements for perfection are satisfied if the requirements are satisfied after that time. (Act 2001-481, p. 647, ยง1.) |