North Carolina § 25-9-703 - Security interest perfected before effective date.
Full text of North Carolina North Carolina General Statutes § 25-9-703 — Security interest perfected before effective date., with citation guidance and answers to common questions.
§ 25-9-703. 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 act if, on July 1, 2001, the applicable requirements for enforceability and perfection under this act are satisfied without further action. Continuing priority over lien creditor: perfection requirements not satisfied. - Except as otherwise provided in G.S. 25-9-705, 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 act are not satisfied on July 1, 2001, the security interest: Is a perfected security interest for one year after July 1, 2001; Remains enforceable thereafter only if the security interest becomes enforceable under G.S. 25-9-203 before the year expires; and Remains perfected thereafter only if the applicable requirements for perfection under this act are satisfied before the year expires. History (2000-169, s. 1.)
Source: official North Carolina text · Last verified 2026-08-27
Frequently Asked Questions About North Carolina § 25-9-703
What does North Carolina General Statutes § 25-9-703 cover?
Section 25-9-703 ("Security interest perfected before effective date.") is part of the North Carolina General Statutes, the codified statutory law of North Carolina. 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 North Carolina § 25-9-703?
A common citation format is "North Carolina General Statutes § 25-9-703" (North Carolina). 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 North Carolina law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the North Carolina official source linked on this page or consult a licensed North Carolina attorney.
How does North Carolina § 25-9-703 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in North Carolina 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 North Carolina.