D.C. Code § 28:9-704: Security interest unperfected before July 1, 2001.
Where this section sits in the code
- Title 28. Commercial Instruments and Transactions. [Enacted title]
- Subtitle I. Uniform Commercial Code.
- Article 9. Secured Transactions.
- Part VII. Transition.
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 for one year after July 1, 2001;
(2)
Remains enforceable thereafter if the security interest becomes enforceable under § 28:9-203 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.
Collected 2026-08-29T05:44:07Z. Source file · JSON