{"data":{"id":"us-mn/minn.-stat.-336.9-704","jurisdiction":"us-mn","citation":"Minn. Stat. § 336.9-704","heading":"SECURITY INTEREST UNPERFECTED BEFORE EFFECTIVE DATE.","body":"A security interest that is enforceable immediately before Laws 2000, chapter 399, takes effect but which would be subordinate to the rights of a person that becomes a lien creditor at that time:\n(1) remains an enforceable security interest for one year after Laws 2000, chapter 399, takes effect;\n(2) remains enforceable thereafter if the security interest becomes enforceable under section 336.9-203 when Laws 2000, chapter 399, takes effect or within one year thereafter; and\n(3) becomes perfected:\n(A) without further action, when Laws 2000, chapter 399, takes effect if the applicable requirements for perfection under Laws 2000, chapter 399, are satisfied before or at that time; or\n(B) when the applicable requirements for perfection are satisfied if the requirements are satisfied after that time.","path":["TRADE REGULATIONS, CONSUMER PROTECTION","CHAPTER 336. UNIFORM COMMERCIAL CODE","SUBPART 2. NONCOMPLIANCE WITH ARTICLE","Part 7 TRANSITION"],"source_url":"https://www.revisor.mn.gov/statutes/cite/336.9-704","current_through":"2025 Minnesota Statutes","vintage":"","retrieved_at":"2026-09-02T22:10:43Z","sha256":"f3aeba3b3f74cc1e6a3fde54b1be8fede5662feb6eae59bfb963bf3940ac4e44","source_id":"us-mn","stale":false,"prev":"us-mn/minn.-stat.-336.9-703","next":"us-mn/minn.-stat.-336.9-705"},"notice":"GroundRules: Original legal text. Not legal advice."}