679.704 Security interest unperfected before effective date. - Florida Statutes

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Statutes > Florida > TitleXXXIX > Chapter679 > PARTVII > 679_704

679.704 Security interest unperfected before effective date.

A security interest that is enforceable immediately before this act takes effect but that would be subordinate to the rights of a person who becomes a lien creditor at that time:

(1) Remains an enforceable security interest for 1 year after this act takes effect;

(2) Remains enforceable thereafter if the security interest becomes enforceable under former s. 679.203 when this act takes effect or within 1 year thereafter; and

(3) Becomes perfected:

(a) Without further action when this act takes effect if the applicable requirements for perfection under this act 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.

History. s. 8, ch. 2001-198; s. 102, ch. 2003-1.

State Codes and Statutes

Statutes > Florida > TitleXXXIX > Chapter679 > PARTVII > 679_704

679.704 Security interest unperfected before effective date.

A security interest that is enforceable immediately before this act takes effect but that would be subordinate to the rights of a person who becomes a lien creditor at that time:

(1) Remains an enforceable security interest for 1 year after this act takes effect;

(2) Remains enforceable thereafter if the security interest becomes enforceable under former s. 679.203 when this act takes effect or within 1 year thereafter; and

(3) Becomes perfected:

(a) Without further action when this act takes effect if the applicable requirements for perfection under this act 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.

History. s. 8, ch. 2001-198; s. 102, ch. 2003-1.

State Codes and Statutes

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State Codes and Statutes

Statutes > Florida > TitleXXXIX > Chapter679 > PARTVII > 679_704

679.704 Security interest unperfected before effective date.

A security interest that is enforceable immediately before this act takes effect but that would be subordinate to the rights of a person who becomes a lien creditor at that time:

(1) Remains an enforceable security interest for 1 year after this act takes effect;

(2) Remains enforceable thereafter if the security interest becomes enforceable under former s. 679.203 when this act takes effect or within 1 year thereafter; and

(3) Becomes perfected:

(a) Without further action when this act takes effect if the applicable requirements for perfection under this act 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.

History. s. 8, ch. 2001-198; s. 102, ch. 2003-1.