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K.S.A. 84-9-704

Security interest unperfected before effective date

Applied in 1 court decision — leading case In Re Stout (2002)

Most recently applied in In Re Stout (October 2002)

L. 2000, ch. 142, § 129; July 1, 2001.

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.

Official source: Kansas Office of Revisor of Statutes. Reproduced from public-domain Kansas statutes; confirm against the official source for the current text. Not legal advice.