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§ 1-9-704. Security interest unperfected before effective date

Oklahoma Statutes AnnotatedTitle 12A. Commercial Code

Oklahoma Statutes Annotated
Title 12a. Commercial Code (Refs & Annos)
Article 9. Secured Transactions (Refs & Annos)
Part 7. Transition
12A Okl.St.Ann. § 1-9-704
§ 1-9-704. Security interest unperfected before effective date
Currentness
Security interest unperfected before effective date
A security interest that is enforceable immediately before this act1 takes effect2 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 (1) year after this act takes effect;
(2) remains enforceable thereafter if the security interest becomes enforceable under Section 1-9-203 of this title when this act takes effect or within one (1) year thereafter; and
(3) becomes perfected:
(A) without further action, when this act takes effect if the applicable requirements for perfection under this act 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.

Credits

Laws 2000, c. 371, § 138, eff. July 1, 2001.

Footnotes

1
Title 12A, § 1-9-101 et seq.
2
O.S.L.2000, c. 371, effective July 1, 2001.
12A Okl. St. Ann. § 1-9-704, OK ST T. 12A § 1-9-704
Current with legislation of the Second Regular Session of the 59th Legislature (2024). Some sections may be more current, see credits for details.
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