Montana § 30-9A-704 Security Interest Unperfected Before July 1, 2001

Montana Statutes

§ 30-9A-704 — Security Interest Unperfected Before July 1, 2001

Montana·Title 30 TRADE AND COMMERCE·Ch. 9A UNIFORM COMMERCIAL CODE SECURED TRANSACTIONS·Part 7 1999 Transition

30-9A-704 . Security interest unperfected before July 1, 2001. A security interest that is enforceable immediately before July 1, 2001, but that is subordinate to the rights of a person that becomes a lien creditor at that time:

(1)remains an enforceable security interest for 1 year after July 1, 2001;

(2)remains enforceable thereafter if the security interest becomes enforceable under 30-9A-203 on July 1, 2001, or within 1 year thereafter; and

(3)becomes perfected:

(a)without further action, on July 1, 2001, if the applicable requirements for perfection under this chapter 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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30-9A-704 . Security interest unperfected before July 1, 2001. A security interest that is enforceable immediately before July 1, 2001, but that is subordinate to the rights of a person that becomes a lien creditor at that time:
(1) remains an enforceable security interest for 1 year after July 1, 2001;
(2) remains enforceable thereafter if the security interest becomes enforceable under 30-9A-203 on July 1, 2001, or within 1 year thereafter; and
(3) becomes perfected:
(a) without further action, on July 1, 2001, if the applicable requirements for perfection under this chapter 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.

Montana § 30-9A-704 (Security Interest Unperfected Before July 1, 2001) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.