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Section 400.9-704 Security interest unperfected before effective date.

MO Rev Stat § 400.9-704 (2019) (N/A)
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Effective 01 Jul 2001, see footnote

400.9-704. Security interest unperfected before effective date. — 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 section 400.9-203 on 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 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.

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(L. 2001 S.B. 288)

Effective 7-01-01

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