Connecticut General Statutes 42a-9-704 – Security interest unperfected before October 1, 2001
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A security interest that is enforceable immediately before October 1, 2001, but which would be subordinate to the rights of a person that becomes a lien creditor at that time:
Terms Used In Connecticut General Statutes 42a-9-704
- Lien: A claim against real or personal property in satisfaction of a debt.
(1) Remains an enforceable security interest for one year after October 1, 2001;
(2) Remains enforceable thereafter if the security interest becomes enforceable under section 42a-9-203 on October 1, 2001, or within one year thereafter; and
(3) Becomes perfected:
(A) Without further action, on October 1, 2001, if the applicable requirements for perfection under public act 01-132* 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.