Arizona § 47-9703 - Security interest perfected before effective date
Full text of Arizona Arizona Revised Statutes § 47-9703 — Security interest perfected before effective date, with citation guidance and answers to common questions.
§ 47-9703. Security interest perfected before effective date
A. A security interest that is enforceable immediately before July 1, 2001 and would have priority over the rights of a person that becomes a lien creditor at that time is a perfected security interest under this chapter, as added in 1999, if, on July 1, 2001, the applicable requirements for enforceability and perfection under this chapter, as added in 1999, are satisfied without further action.
B. Except as otherwise provided in section 47-9705, if, immediately before July 1, 2001, a security interest is enforceable and would have priority over the rights of a person that becomes a lien creditor at that time, but the applicable requirements for enforceability or perfection under this chapter, as added in 1999, are not satisfied on July 1, 2001, the security interest:
1. Is a perfected security interest for one year after July 1, 2001;
2. Remains enforceable thereafter only if the security interest becomes enforceable under section 47-9203 before the year expires; and
3. Remains perfected thereafter only if the applicable requirements for perfection under this chapter, as added in 1999, are satisfied before the year expires.
Frequently Asked Questions About Arizona § 47-9703
What does Arizona Revised Statutes § 47-9703 cover?
Section 47-9703 ("Security interest perfected before effective date") is part of the Arizona Revised Statutes, the codified statutory law of Arizona. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Arizona § 47-9703?
A common citation format is "Arizona Revised Statutes § 47-9703" (Arizona). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Arizona law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Arizona official source linked on this page or consult a licensed Arizona attorney.
How does Arizona § 47-9703 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Arizona can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Arizona.