{"data":{"id":"us-nc/n.c.-gen.-stat.-25-9-704","jurisdiction":"us-nc","citation":"N.C. Gen. Stat. § 25-9-704","heading":"Security interest unperfected before effective date.","body":"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:\n(1)\tRemains an enforceable security interest for one year after July 1, 2001;\n(2)\tRemains enforceable thereafter if the security interest becomes enforceable under G.S. 25-9-203 on July 1, 2001 or within one year thereafter; and\n(3)\tBecomes perfected:\na.\tWithout further action, on July 1, 2001 if the applicable requirements for perfection under this act are satisfied before or at that time; or\nb.\tWhen the applicable requirements for perfection are satisfied if the requirements are satisfied after that time. (2000-169, s. 1.)","path":["Chapter 25. Uniform Commercial Code.","Article 9. Secured Transactions.","Part 7. Transition."],"source_url":"https://www.ncleg.gov/EnactedLegislation/Statutes/HTML/BySection/Chapter_25/GS_25-9-704.html","current_through":"S.L. 2026-30","vintage":"","retrieved_at":"2026-08-27T17:58:47Z","sha256":"7372eb8e3151ee842833d48f6b040709881433dccf6cf6d02254006564afc76e","source_id":"us-nc","stale":false,"prev":"us-nc/n.c.-gen.-stat.-25-9-703","next":"us-nc/n.c.-gen.-stat.-25-9-705"},"notice":"GroundRules: Original legal text. Not legal advice."}