{"data":{"id":"us-dc/d.c.-code-28-9-703","jurisdiction":"us-dc","citation":"D.C. Code § 28:9-703","heading":"Security interest perfected before July 1, 2001.","body":"(a)\nA security interest that is enforceable immediately before July 1, 2001 and would have priority over the rights of a person that becomes a lien creditor at that time is a perfected security interest under this article if, on July 1, 2001, the applicable requirements for enforceability and perfection under this article are satisfied without further action.\n\n(b)\nExcept as otherwise provided in § 28:9-705, if, immediately before July 1, 2001, a security interest is enforceable and would have priority over the rights of a person that becomes a lien creditor at that time, but the applicable requirements for enforceability or perfection under this article are not satisfied on July 1, 2001, the security interest:\n(1)\nIs a perfected security interest for one year after July 1, 2001;\n(2)\nRemains enforceable thereafter only if the security interest becomes enforceable under § 28:9-203 before the year expires; and\n(3)\nRemains perfected thereafter only if the applicable requirements for perfection under this article are satisfied before the year expires.","path":["Title 28. Commercial Instruments and Transactions. [Enacted title]","Subtitle I. Uniform Commercial Code.","Article 9. Secured Transactions.","Part VII. Transition."],"source_url":"https://code.dccouncil.gov/us/dc/council/code/sections/28:9-703","current_through":"2026-08-20 (D.C. Law 26-175)","vintage":"","retrieved_at":"2026-08-29T05:44:07Z","sha256":"0c76ca0b7214aa6f38370c4a1b6643c78fd57b052e6bb473d3bd53bd241a3e61","source_id":"us-dc","stale":false,"prev":"us-dc/d.c.-code-28-9-702","next":"us-dc/d.c.-code-28-9-704"},"notice":"GroundRules: Original legal text. Not legal advice."}