Arizona Revised Statutes Title 47. Uniform Commercial Code § 47-9702. Savings clause

1. Transactions and liens that were not governed by chapter 9 of this title as it existed before July 1, 2001, were validly entered into or created before July 1, 2001 and would be subject to this chapter, as added in 1999, if they had been entered into or created after July 1, 2001, and the rights, duties and interests flowing from those transactions and liens remain valid after July 1, 2001; and

2. The transactions and liens may be terminated, completed, consummated and enforced as required or permitted by this chapter, as added in 1999, or by the law that otherwise would apply if this chapter had not taken effect.