2012 Pennsylvania Consolidated Statutes
Title 13 - COMMERCIAL CODE
Chapter 97 - Transition Provisions
Section 9704 - Security interest unperfected before effective date

     § 9704.  Security interest unperfected before effective date.
        A security interest which is enforceable immediately before
     Revised Division 9 takes effect 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 Revised Division 9 takes effect.
            (2)  Remains enforceable thereafter 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) when Revised Division 9 takes effect or within
        one year thereafter.
            (3)  Becomes perfected:
                (i)  without further action when Revised Division 9
            takes effect if the applicable requirements for
            perfection under Revised Division 9 are satisfied before
            or at that time; or
                (ii)  when the applicable requirements for perfection
            are satisfied if the requirements are satisfied after
            that time.

        Cross References.  Section 9704 is referred to in section
     9702 of this title.