Georgia § 11-9-703 - Security interest perfected before effective date.
Full text of Georgia Official Code of Georgia Annotated § 11-9-703 — Security interest perfected before effective date., with citation guidance and answers to common questions.
§ 11-9-703. Security interest perfected before effective date.
Continuing priority over lien creditor; perfection requirements satisfied. 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 article if, on July 1, 2001, the applicable requirements for enforceability and perfection under this article are satisfied without further action. Continuing priority over lien creditor; perfection requirements not satisfied. Except as otherwise provided in Code Section 11-9-705 , 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 article are not satisfied on July 1, 2001, the security interest: Is a perfected security interest on and for one year after July 1, 2001; Remains enforceable thereafter only if the security interest becomes enforceable under Code Section 11-9-203 before the year expires; and Remains perfected thereafter only if the applicable requirements for perfection under this article are satisfied before the year expires. (Code 1981, § 11-9-703 , enacted by Ga. L. 2001, p. 362, § 1.)
Frequently Asked Questions About Georgia § 11-9-703
What does Official Code of Georgia Annotated § 11-9-703 cover?
Section 11-9-703 ("Security interest perfected before effective date.") is part of the Official Code of Georgia Annotated, the codified statutory law of Georgia. 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 Georgia § 11-9-703?
A common citation format is "Official Code of Georgia Annotated § 11-9-703" (Georgia). 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 Georgia law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Georgia official source linked on this page or consult a licensed Georgia attorney.
How does Georgia § 11-9-703 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Georgia 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 Georgia.