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Arizona Revised Statutes Title 47. Uniform Commercial Code § 47-9704. Security interest unperfected before effective date

Current as of January 01, 2025 | Updated by Findlaw Staff

A security interest that is enforceable immediately before July 1, 2001 but that 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 July 1, 2001;

2. Remains enforceable thereafter if the security interest becomes enforceable under § 47-9203 on July 1, 2001 or within one year thereafter; and

3. Becomes perfected:

(a) Without further action, on July 1, 2001 if the applicable requirements for perfection under this chapter, as added in 1999, 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.

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Cite this article: FindLaw.com - Arizona Revised Statutes Title 47. Uniform Commercial Code § 47-9704. Security interest unperfected before effective date - last updated January 01, 2025 | https://codes.findlaw.com/az/title-47-uniform-commercial-code/az-rev-st-sect-47-9704/

FindLaw Codes may not reflect the most recent version of the law in your jurisdiction. Please verify the status of the code you are researching with the state legislature before relying on it for your legal needs.

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