Kansas § 84-9-704 Security interest unperfected before effective date

Kansas Statutes

§ 84-9-704 — Security interest unperfected before effective date

Kansas·Ch. 84 UNIFORM COMMERCIAL CODE·Art. 9 SECURED TRANSACTIONS

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 year after this act takes effect;

(2)remains enforceable thereafter if the security interest becomes enforceable under K.S.A. 2024 Supp. 84-9-203, and amendments thereto, when this act takes effect or within one 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.

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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 year after this act takes effect;
(2) remains enforceable thereafter if the security interest becomes enforceable under K.S.A. 2024 Supp. 84-9-203, and amendments thereto, when this act takes effect or within one 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.

Kansas § 84-9-704 (Security interest unperfected before effective date) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.