North Carolina General Statutes § 25-11-103 Transition to new article 9; general rule
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(1) Transactions validly entered into after midnight on June 30, 1967, and before July 1, 1976, and which were subject to the provisions of old article 9 and which would be subject to this act as amended if they had been entered into after July 1, 1976, and the rights, duties and interests following from such transactions remain valid after the latter date and may be terminated, completed, consummated or enforced as required or permitted by the new article 9.
(2) Security interests arising out of such transactions which are perfected when new article 9 becomes effective shall remain perfected until they lapse as provided in new article 9, and may be continued as permitted by new article 9, except as stated in G.S. 25‑11‑105. (1975, c. 862, s. 8.)
Sections: 25-9-709 25-9-710 25-10-101 25-10-102 25-10-103 25-10-106 25-11-101 25-11-101.1 25-11-102 25-11-103 25-11-104 25-11-105 25-11-106 25-11-107 25-11-108
Last modified: February 21, 2012
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