Tennessee § 47-8-601 Savings clause

Tennessee Statutes

§ 47-8-601 — Savings clause

Tennessee § 47-8-601

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This text of Tennessee § 47-8-601 (Savings clause) is published on Counsel Stack Legal Research, covering Tennessee primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Tenn. Code Ann. § 47-8-601 (2026).

Text

(a)This chapter does not affect an action or proceeding commenced before this chapter takes effect.

(b)If a security interest in a security is perfected on January 1, 1998, and the action by which the security interest was perfected would suffice to perfect a security interest under this chapter, no further action is required to continue perfection. If a security interest in a security is perfected on January 1, 1998, but the action by which the security interest was perfected would not suffice to perfect a security interest under this chapter, the security interest remains perfected for a period of one (1) year after January 1, 1998, and continues perfected thereafter if appropriate action to perfect under this chapter is taken within that period. If a security interest is perfected on

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(a) This chapter does not affect an action or proceeding commenced before this chapter takes effect. (b) If a security interest in a security is perfected on January 1, 1998, and the action by which the security interest was perfected would suffice to perfect a security interest under this chapter, no further action is required to continue perfection. If a security interest in a security is perfected on January 1, 1998, but the action by which the security interest was perfected would not suffice to perfect a security interest under this chapter, the security interest remains perfected for a period of one (1) year after January 1, 1998, and continues perfected thereafter if appropriate action to perfect under this chapter is taken within that period. If a security interest is perfected on January 1, 1998, and the security interest can be perfected by filing under this chapter, a financing statement signed by the secured party instead of the debtor may be filed within that period to continue perfection or thereafter to perfect. A financing statement securing only investment property filed during the one-year period permitted in this section shall not be subject to the indebtedness tax on recorded instruments imposed under § 67-4-409(b) .