Pennsylvania § 9704 - Security interest unperfected before effective date.
Full text of Pennsylvania Pennsylvania Consolidated Statutes § 9704 — Security interest unperfected before effective date., with citation guidance and answers to common questions.
§ 9704. Security interest unperfected before effective date.
A security interest which is enforceable immediately before Revised Division 9 takes effect 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 Revised Division 9 takes effect.
(2) Remains enforceable thereafter if the security interest becomes enforceable under section 9203 of Revised Division 9 (relating to attachment and enforceability of security interest; proceeds; supporting obligations; formal requisites) when Revised Division 9 takes effect or within one year thereafter.
(3) Becomes perfected:
(i) without further action when Revised Division 9 takes effect if the applicable requirements for perfection under Revised Division 9 are satisfied before or at that time; or
(ii) when the applicable requirements for perfection are satisfied if the requirements are satisfied after that time.
Cross References. Section 9704 is referred to in section 9702 of this title.
Frequently Asked Questions About Pennsylvania § 9704
What does Pennsylvania Consolidated Statutes § 9704 cover?
Section 9704 ("Security interest unperfected before effective date.") is part of the Pennsylvania Consolidated Statutes, the codified statutory law of Pennsylvania. 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 Pennsylvania § 9704?
A common citation format is "Pennsylvania Consolidated Statutes § 9704" (Pennsylvania). 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 Pennsylvania law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Pennsylvania official source linked on this page or consult a licensed Pennsylvania attorney.
How does Pennsylvania § 9704 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Pennsylvania 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 Pennsylvania.