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West Virginia Code Chapter 46. Uniform Commercial Code § 46-9-704. Security interest unperfected before effective date

Current as of January 01, 2024 | Updated by FindLaw Staff

A security interest that is enforceable immediately before this article 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 two years after this article takes effect;

(2) Remains enforceable thereafter if the security interest becomes enforceable under section 9-203 when this article takes effect or within two years thereafter; and

(3) Becomes perfected:

(A) Without further action, when this article takes effect 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.

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Cite this article: FindLaw.com - West Virginia Code Chapter 46. Uniform Commercial Code § 46-9-704. Security interest unperfected before effective date - last updated January 01, 2024 | https://codes.findlaw.com/wv/chapter-46-uniform-commercial-code/wv-code-sect-46-9-704/

Read this complete West Virginia Code Chapter 46. Uniform Commercial Code § 46-9-704. Security interest unperfected before effective date on Westlaw. Westlaw subscription required.

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