2017 Arizona Revised Statutes
Title 47 - Uniform Commercial Code
§ 47-9704 Security interest unperfected before effective date

Universal Citation: AZ Rev Stat § 47-9704 (2017)

47-9704. Security interest unperfected before effective date

A security interest that is enforceable immediately before July 1, 2001 but that 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 July 1, 2001;

2. Remains enforceable thereafter if the security interest becomes enforceable under section 47-9203 on July 1, 2001 or within one year thereafter; and

3. Becomes perfected:

(a) Without further action, on July 1, 2001 if the applicable requirements for perfection under this chapter, as added in 1999, 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.

Disclaimer: These codes may not be the most recent version. Arizona may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.
This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.