{"data":{"id":"us-nj/n.j.-stat.-12a-9-704","jurisdiction":"us-nj","citation":"N.J. Stat. § 12A:9-704","heading":"Security interest unperfected before effective date.","body":"Security Interest Unperfected Before Effective Date.\nA security interest that is enforceable immediately before this chapter takes effect 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 this chapter takes effect;\n(2)\tremains enforceable thereafter if the security interest becomes enforceable under 12A:9-203 when this chapter takes effect or within one year thereafter; and\n(3)\tbecomes perfected:\n(A)\twithout further action, when this chapter takes effect if the applicable requirements for perfection under this chapter are satisfied before or at that time; or\n(B)\twhen the applicable requirements for perfection are satisfied if the requirements are satisfied after that time.\nL.2001, c.117, s.1; amended 2001, c.386, s.121.","path":["TITLE 12A COMMERCIAL TRANSACTIONS"],"source_url":"https://pub.njleg.state.nj.us/statutes/STATUTES-TEXT.zip","current_through":"P.L.2025, c.405, and J.R.22","vintage":"","retrieved_at":"2026-08-27T17:54:13Z","sha256":"ebbaa0f0d4ae02f1609a5a3caac85cdde3f36b56981bf60833f662ff89e919e8","source_id":"us-nj","stale":true,"prev":"us-nj/n.j.-stat.-12a-9-703","next":"us-nj/n.j.-stat.-12a-9-705"},"notice":"GroundRules: Original legal text. Not legal advice."}