{"data":{"id":"us-dc/d.c.-code-28-9-703-perm","jurisdiction":"us-dc","citation":"D.C. Code § 28:9-703(Perm)","heading":"Security interest perfected before July 1, 2001.","body":"\n      *NOTE: This codification is not the most current, due to recent law changes. To see the current law (including emergency and temporary legislation, if relevant) click this link: Current Version*\n      \n\n(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 applies are satisfied before the year expires.","path":["Title 99. Reserved sections."],"source_url":"https://code.dccouncil.gov/us/dc/council/code/sections/28:9-703(Perm)","current_through":"2026-08-20 (D.C. Law 26-175)","vintage":"","retrieved_at":"2026-08-29T05:44:07Z","sha256":"1e4b41af1143e31d8e79123aee4fdf77efb43509af3ddf7cd35d24fc51faad4c","source_id":"us-dc","stale":false,"prev":"us-dc/d.c.-code-1-301.88e-perm","next":"us-dc/d.c.-code-47-4674-perm"},"notice":"GroundRules: Original legal text. Not legal advice."}