Idaho § 28-9-704 SECURITY INTEREST UNPERFECTED BEFORE EFFECTIVE DATE

Idaho Statutes

§ 28-9-704 — SECURITY INTEREST UNPERFECTED BEFORE EFFECTIVE DATE

Idaho § 28-9-704

Title 28COMMERCIAL TRANSACTIONS

Part 7.TRANSITION

Ch. 9SECURED TRANSACTIONS

This text of Idaho § 28-9-704 (SECURITY INTEREST UNPERFECTED BEFORE EFFECTIVE DATE) is published on Counsel Stack Legal Research, covering Idaho primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Idaho Code § 28-9-704 (2026).

Text

A security interest that is enforceable immediately before this act 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 (1) year after this act takes effect;

(2)Remains enforceable thereafter if the security interest becomes enforceable under section 28-9-203 when this act takes effect or within one (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.

Free access — add to your briefcase to read the full text and ask questions with AI

A security interest that is enforceable immediately before this act 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 (1) year after this act takes effect;
(2) Remains enforceable thereafter if the security interest becomes enforceable under section 28-9-203 when this act takes effect or within one (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.