2010 Georgia Code 11-9-704 Case Law
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One Click Case Law for § 11-9-704
O.C.G.A. § 11-9-703 <-- --> O.C.G.A. §11-9-705



2010 Georgia Code

TITLE 11 - COMMERCIAL CODE
ARTICLE 9 - SECURED TRANSACTIONS
PART 7 - TRANSITION
§ 11-9-704 - Security interest unperfected before effective date

O.C.G.A. 11-9-704 (2010)
11-9-704. Security interest unperfected before effective date.


A security interest that is enforceable immediately before July 1, 2001, 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 on and for one year after July 1, 2001;

(2) Remains enforceable thereafter if the security interest becomes enforceable under Code Section 11-9-203 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 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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Graham W. Syfert, Esq., P.A.
Phone: 904-383-7448
Fax: 904-638-4726

graham@syfert.com