Sec. 42a-9-704. Security interest unperfected before October 1, 2001. - Connecticut Statutes

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Statutes > Connecticut > Title42a > Art009 > Sec42a-9-704

      Sec. 42a-9-704. Security interest unperfected before October 1, 2001. A security interest that is enforceable immediately before October 1, 2001, but which would be subordinate to the rights of a person that becomes a lien creditor at that time:

      (1) Remains an enforceable security interest for one year after October 1, 2001;

      (2) Remains enforceable thereafter if the security interest becomes enforceable under section 42a-9-203 on October 1, 2001, or within one year thereafter; and

      (3) Becomes perfected:

      (A) Without further action, on October 1, 2001, if the applicable requirements for perfection under public act 01-132* are satisfied before or at that time; or

      (B) When the applicable requirements for perfection are satisfied if the requirements are satisfied after that time.

      (P.A. 01-132, S. 128.)

      *Note: Public act 01-132 is entitled "An Act Adopting Revised Article 9 of the Uniform Commercial Code Concerning Secured Transactions". (See Reference Table captioned "Public Acts of 2001" in Volume 16 which lists the sections amended, created or repealed by the act.)

State Codes and Statutes

Statutes > Connecticut > Title42a > Art009 > Sec42a-9-704

      Sec. 42a-9-704. Security interest unperfected before October 1, 2001. A security interest that is enforceable immediately before October 1, 2001, but which would be subordinate to the rights of a person that becomes a lien creditor at that time:

      (1) Remains an enforceable security interest for one year after October 1, 2001;

      (2) Remains enforceable thereafter if the security interest becomes enforceable under section 42a-9-203 on October 1, 2001, or within one year thereafter; and

      (3) Becomes perfected:

      (A) Without further action, on October 1, 2001, if the applicable requirements for perfection under public act 01-132* are satisfied before or at that time; or

      (B) When the applicable requirements for perfection are satisfied if the requirements are satisfied after that time.

      (P.A. 01-132, S. 128.)

      *Note: Public act 01-132 is entitled "An Act Adopting Revised Article 9 of the Uniform Commercial Code Concerning Secured Transactions". (See Reference Table captioned "Public Acts of 2001" in Volume 16 which lists the sections amended, created or repealed by the act.)

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State Codes and Statutes

Statutes > Connecticut > Title42a > Art009 > Sec42a-9-704

      Sec. 42a-9-704. Security interest unperfected before October 1, 2001. A security interest that is enforceable immediately before October 1, 2001, but which would be subordinate to the rights of a person that becomes a lien creditor at that time:

      (1) Remains an enforceable security interest for one year after October 1, 2001;

      (2) Remains enforceable thereafter if the security interest becomes enforceable under section 42a-9-203 on October 1, 2001, or within one year thereafter; and

      (3) Becomes perfected:

      (A) Without further action, on October 1, 2001, if the applicable requirements for perfection under public act 01-132* are satisfied before or at that time; or

      (B) When the applicable requirements for perfection are satisfied if the requirements are satisfied after that time.

      (P.A. 01-132, S. 128.)

      *Note: Public act 01-132 is entitled "An Act Adopting Revised Article 9 of the Uniform Commercial Code Concerning Secured Transactions". (See Reference Table captioned "Public Acts of 2001" in Volume 16 which lists the sections amended, created or repealed by the act.)