RCW 62A.9A-704
139 words·~1 min read·
/wa/title-62a/chapter-62a-9a/62a-9a-704·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
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 RCW 62A.9A-203 on or before 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 Article 62A.9A RCW 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.
[ 2001 c 32 s 48 ; 2000 c 250 s 9A-704.]
Notes:
Effective date — 2001 c 32: See note following RCW 62A.9A-102 .