Colorado § 4-9-704 Security interest unperfected before effective date

Colorado Statutes

§ 4-9-704 — Security interest unperfected before effective date

Colorado·Title 04 Uniform·Art. Secured Transactions

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 after June 30, 2002, only if the security interest becomes enforceable under section 4-9-203 on or before June 30, 2002; and

(3)Becomes perfected:

(A)Without further action, on July 1, 2001, if the applicable requirements for perfection under this act are satisfied on or before July 1, 2001; or

(B)When the applicable requirements for perfection are satisfied if the requirements are satisfied after July 1, 2001.

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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 after June 30, 2002, only if the security interest
becomes enforceable under section 4-9-203 on or before June 30, 2002; and

(3) Becomes perfected:

(A) Without further action, on July 1, 2001, if the applicable requirements for
perfection under this act are satisfied on or before July 1, 2001; or

(B) When the applicable requirements for perfection are satisfied if the
requirements are satisfied after July 1, 2001.

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