South Carolina Code 36-10-102. Transactions entered into before effective date of Commercial Code
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Terms Used In South Carolina Code 36-10-102
- Amendment: A proposal to alter the text of a pending bill or other measure by striking out some of it, by inserting new language, or both. Before an amendment becomes part of the measure, thelegislature must agree to it.
- Statute: A law passed by a legislature.
Transactions validly entered into before the effective date specified in § 36-10-101 and the rights, duties, and interest flowing from them remain valid thereafter and may be terminated, completed, consummated, or enforced as required or permitted by any statute or other law amended or repealed by this title as though the repeal or amendment had not occurred. Except as otherwise provided in § 36-11-106 the filing of a properly executed financing statement pursuant to § 36-9-402 or a properly executed continuation statement pursuant to § 36-9-403(3) in the appropriate place or places specified in § 36-9-401 is sufficient to satisfy the requirements of this section as to proper filing in the case of a transaction entered into prior to the effective date specified in § 36-10-101. This section is considered to have been effective as of January 1, 1968.