84-9-704. Security interest unperfected before effective date.
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/ks/chapter-84/84-9-704A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
84-9-704. Security interest unperfected before effective date. 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. 2025 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.