D.C. Code § 28:9-704

Current through codified legislation effective September 18, 2024
Section 28:9-704 - Security interest unperfected before July 1, 2001

A security interest that is enforceable immediately before July 1, 2001 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 July 1, 2001;
(2) Remains enforceable thereafter if the security interest becomes enforceable under § 28:9-203 on July 1, 2001 or within one year thereafter; and
(3) Becomes perfected:
(A) Without further action, on July 1, 2001 if the applicable requirements for perfection under this article 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.

D.C. Code § 28:9-704

Oct. 26, 2000, D.C. Law 13-201, § 101, 47 DCR 7576.