{"data":{"id":"us-pa/13-pa.c.s.-9703","jurisdiction":"us-pa","citation":"13 Pa.C.S. § 9703","heading":"Security interest perfected before effective date.","body":"(a) Continuing priority over lien creditor: perfection requirements satisfied.--A security interest which is enforceable immediately before the effective date of Revised Division 9 and would have priority over the rights of a person that becomes a lien creditor at that time is a perfected security interest under Revised Division 9 if, when Revised Division 9 takes effect, the applicable requirements for enforceability and perfection under Revised Division 9 are satisfied without further action.\n(b) Continuing priority over lien creditor: perfection requirements not satisfied.--Except as otherwise provided in section 9705 of Revised Division 9 (relating to effectiveness of action taken before effective date), if, immediately before Revised Division 9 takes effect, 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 Revised Division 9 are not satisfied when Revised Division 9 takes effect, the security interest:\n(1) is a perfected security interest for one year after Revised Division 9 takes effect;\n(2) remains enforceable thereafter only if the security interest becomes enforceable under section 9203 of Revised Division 9 (relating to attachment and enforceability of security interest; proceeds; supporting obligations; formal requisites) before the year expires; and\n(3) remains perfected thereafter only if the applicable requirements for perfection under Revised Division 9 are satisfied before the year expires.","path":["Title 13 - COMMERCIAL CODE","CHAPTER 97 TRANSITION PROVISIONS"],"source_url":"https://www.palegis.us/statutes/consolidated/view-statute?txtType=HTM\u0026ttl=13\u0026div=0\u0026chpt=97\u0026sctn=3\u0026subsctn=0","current_through":"2025-12-01 (Statute Update stamp, 13 Pa.C.S.)","vintage":"","retrieved_at":"2026-09-02T16:31:03Z","sha256":"c8bffe6a7b50aa5e01f3da787358ddd0dbfbd9e6c748122d7b2fd168e6d1038f","source_id":"us-pa","stale":false,"prev":"us-pa/13-pa.c.s.-9702","next":"us-pa/13-pa.c.s.-9704"},"notice":"GroundRules: Original legal text. Not legal advice."}