N.C. Gen. Stat. § 25-9-704
Security interest unperfected before effective date
Redline — June 1, 2021 → current.View current text →
Current — April 1, 2022
As of June 1, 2021
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:
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;
(1) Remains an enforceable security interest for one year after July 1, 2001;
(2) Remains enforceable thereafter if the security interest becomes enforceable under G.S. 25-9-203 on July 1, 2001 or within one year thereafter; and
(2) Remains enforceable thereafter if the security interest becomes enforceable under G.S. 25-9-203 on July 1, 2001 or within one year thereafter; and
(3) Becomes perfected: Without further action, on July 1, 2001 if the applicable requirements for perfection under this act are satisfied before or at that time; or
(3) Becomes perfected: Without further action, on July 1, 2001 if the applicable requirements for perfection under this act are satisfied before or at that time; or
(4) When the applicable requirements for perfection are satisfied if the requirements are satisfied after that time.
(4) When the applicable requirements for perfection are satisfied if the requirements are satisfied after that time.
History
(2000-169, s. 1.)
Official source: North Carolina General Assembly. Reproduced from public-domain North Carolina statutes; confirm against the official source for the current text. Not legal advice.