Florida Statutes 679.704 – Security interest unperfected before effective date
Current as of: 2023 | Check for updates
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A security interest that is enforceable immediately before this act takes effect but that would be subordinate to the rights of a person who becomes a lien creditor at that time:
(1) Remains an enforceable security interest for 1 year after this act takes effect;
(2) Remains enforceable thereafter if the security interest becomes enforceable under former s. 679.203 when this act takes effect or within 1 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
Terms Used In Florida Statutes 679.704
- Lien: A claim against real or personal property in satisfaction of a debt.
- person: includes individuals, children, firms, associations, joint adventures, partnerships, estates, trusts, business trusts, syndicates, fiduciaries, corporations, and all other groups or combinations. See Florida Statutes 1.01
(b) When the applicable requirements for perfection are satisfied if the requirements are satisfied after that time.