Find Bill
Find Your Legislator
Legislative Deadlines
Dec. 10, 2017
RSS Feed Permanent URL -A +A

2016 Statute



Prev Article 9. - SECURED TRANSACTIONSNext


84-9-703.Security interest perfected before effective date. (a) Continuing priority over lien creditor: Perfection requirements satisfied. A security interest that is enforceable immediately before this act takes effect and would have priority over the rights of a person that becomes a lien creditor at that time is a perfected security interest under this act if, when this act takes effect, the applicable requirements for enforceability and perfection under this act are satisfied without further action.

(b) Continuing priority over lien creditor: Perfection requirements not satisfied. Except as otherwise provided in K.S.A. 2016 Supp. 84-9-705, and amendments thereto, if, immediately before this act takes effect, a security interest is enforceable and would have priority over the rights of a person that becomes a lien creditor at that time, but the applicable requirements for enforceability or perfection under this act are not satisfied when this act takes effect, the security interest:

(1) Is a perfected security interest for one year after this act takes effect;

(2) remains enforceable thereafter only if the security interest becomes enforceable under K.S.A. 2016 Supp. 84-9-203, and amendments thereto, before the year expires; and

(3) remains perfected thereafter only if the applicable requirements for perfection under this act are satisfied before the year expires.

History: L. 2000, ch. 142, § 128; July 1, 2001.



Prev Article 9. - SECURED TRANSACTIONSNext
2017. Powered by KLISS. Rendered: 2017-12-10T12:08:13. Head Rev No: 341157