S.C. Code Ann. § 36-9-704: Security interest unperfected before effective date.
Where this section sits in the code
- Title 36 - COMMERCIAL CODE
- CHAPTER 9 Commercial Code—Secured Transactions
- Part 7 Transition
A security interest that is enforceable immediately before this act 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 one year after this act takes effect;
(2) remains enforceable thereafter if the security interest becomes enforceable under Section 36-9-203 when this act takes effect or within one 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.
Collected 2026-09-02T07:08:49Z. Source file · JSON