104.9704 - Security interest unperfected before July 1, 2001. - Nevada Statutes

104.9704  Security interest unperfected before July 1, 2001.  A security interest that is enforceable immediately before July 1, 2001, 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 1 year after July 1, 2001;

      2.  Remains enforceable thereafter if the security interest becomes enforceable under NRS 104.9203 when this article as amended takes effect or within 1 year thereafter; and

      3.  Becomes perfected:

      (a) Without further action, on July 1, 2001, if the applicable requirements for perfection under this article as amended are satisfied before or at that time; or

      (b) When the applicable requirements for perfection are satisfied if the requirements are satisfied after that time.

      (Added to NRS by 1999, 362)