25-9-710. Special transitional provision for maintaining and searching local-filing office records.
(a) In this section:
(1) "Former-Article-9 records" means:
a. Financing statements and other records that have been filed in the local-filing office before July 1, 2001, and that are, or upon processing and indexing will be, reflected in the index maintained, as of June 30, 2001, by the local-filing office for financing statements and other records filed in the local-filing office before July 1, 2001; and
b. The index as of June 30, 2001.
The term does not include records presented to a local-filing office for filing after June 30, 2001, whether or not the records relate to financing statements filed in the local-filing office before July 1, 2001.
(2) "Local-filing office" means a filing office, other than the office of the Secretary of State, that is designated as the proper place to file a financing statement under G.S. 25-9-401(1) of former Article 9. The term applies only with respect to a record that covers a type of collateral as to which the filing office is designated in that section as the proper place to file.
(b) A local-filing office must not accept for filing a record presented after June 30, 2001, whether or not the record relates to a financing statement filed in the local-filing office before July 1, 2001. This subsection does not apply, with respect to financing statements and other records, to a filing office in which mortgages or records of mortgages on real property are required to be filed or recorded, if:
(1) The collateral is timber to be cut or as-extracted collateral; or
(2) The record is or relates to a financing statement filed as a fixture and the collateral is goods that are or are to become fixtures.
(c) Until July 1, 2008, each local-filing office must maintain all former-Article-9 records in accordance with former Article 9. A former-Article-9 record that is not reflected on the index maintained at June 30, 2001, by the local-filing office must be processed and indexed, and reflected on the index as of June 30, 2001, as soon as practicable but in any event no later than July 30, 2001.
(d) Until at least June 30, 2008, each local-filing office must respond to requests for information with respect to former-Article-9 records relating to a debtor and issue certificates, in accordance with former Article 9. The fees charged for responding to requests for information relating to a debtor and issuing certificates with respect to former-Article-9 records must be the fees in effect under former Article 9 on June 30, 2001.
(e) After June 30, 2008, each local-filing office may remove and destroy, in accordance with any then applicable record retention law of this State, all former-Article-9 records, including the related index.
(f) Repealed by Session Laws 2001-231, s. 7. (2000-169, s. 1; 2001-231, s. 7.)
Structure North Carolina General Statutes
North Carolina General Statutes
Chapter 25 - Uniform Commercial Code
Article 9 - Secured Transactions.
§ 25-9-102 - Definitions and index of definitions.
§ 25-9-103 - Purchase-money security interest; application of payments; burden of establishing.
§ 25-9-104 - Control of deposit account.
§ 25-9-105 - Control of electronic chattel paper.
§ 25-9-106 - Control of investment property.
§ 25-9-107 - Control of letter-of-credit right.
§ 25-9-108 - Sufficiency of description.
§ 25-9-110 - Security interests arising under Article 2 or 2A of this Chapter.
§ 25-9-201 - General effectiveness of security agreement.
§ 25-9-202 - Title to collateral immaterial.
§ 25-9-204 - After-acquired property; future advances.
§ 25-9-205 - Use or disposition of collateral permissible.
§ 25-9-206 - Security interest arising in purchase or delivery of financial asset.
§ 25-9-207 - Rights and duties of secured party having possession or control of collateral.
§ 25-9-208 - Additional duties of secured party having control of collateral.
§ 25-9-209 - Duties of secured party if account debtor has been notified of assignment.
§ 25-9-210 - Request for accounting; request regarding list of collateral or statement of account.
§ 25-9-301 - Law governing perfection and priority of security interests.
§ 25-9-302 - Law governing perfection and priority of agricultural liens.
§ 25-9-304 - Law governing perfection and priority of security interests in deposit accounts.
§ 25-9-305 - Law governing perfection and priority of security interests in investment property.
§ 25-9-306 - Law governing perfection and priority of security interests in letter-of-credit rights.
§ 25-9-307 - Location of debtor.
§ 25-9-308 - When security interest or agricultural lien is perfected; continuity of perfection.
§ 25-9-309 - Security interest perfected upon attachment.
§ 25-9-314 - Perfection by control.
§ 25-9-315 - Secured party's rights on disposition of collateral and in proceeds.
§ 25-9-316 - Effect of change in governing law.
§ 25-9-319 - Rights and title of consignee with respect to creditors and purchasers.
§ 25-9-321 - Licensee of general intangible and lessee of goods in ordinary course of business.
§ 25-9-324 - Priority of purchase-money security interests.
§ 25-9-324.1 - Priority of production-money security interests and agricultural liens.
§ 25-9-325 - Priority of security interests in transferred collateral.
§ 25-9-326 - Priority of security interests created by new debtor.
§ 25-9-327 - Priority of security interests in deposit account.
§ 25-9-328 - Priority of security interests in investment property.
§ 25-9-329 - Priority of security interests in letter-of-credit right.
§ 25-9-330 - Priority of purchaser of chattel paper or instrument.
§ 25-9-332 - Transfer of money; transfer of funds from deposit account.
§ 25-9-333 - Priority of certain liens arising by operation of law.
§ 25-9-334 - Priority of security interests in fixtures and crops.
§ 25-9-336 - Commingled goods.
§ 25-9-337 - Priority of security interests in goods covered by certificate of title.
§ 25-9-339 - Priority subject to subordination.
§ 25-9-340 - Effectiveness of right of recoupment or setoff against deposit account.
§ 25-9-341 - Bank's rights and duties with respect to deposit account.
§ 25-9-342 - Bank's right to refuse to enter into or disclose existence of control agreement.
§ 25-9-401 - Alienability of debtor's rights.
§ 25-9-402 - Secured party not obligated on contract of debtor or in tort.
§ 25-9-403 - Agreement not to assert defenses against assignee.
§ 25-9-404 - Rights acquired by assignee; claims and defenses against assignee.
§ 25-9-405 - Modification of assigned contract.
§ 25-9-409 - Restrictions on assignment of letter-of-credit rights ineffective.
§ 25-9-503 - Name of debtor and secured party.
§ 25-9-504 - Indication of collateral.
§ 25-9-506 - Effect of errors or omissions.
§ 25-9-507 - Effect of certain events on effectiveness of financing statement.
§ 25-9-508 - Effectiveness of financing statement if new debtor becomes bound by security agreement.
§ 25-9-509 - Persons entitled to file a record.
§ 25-9-510 - Effectiveness of filed record.
§ 25-9-511 - Secured party of record.
§ 25-9-512 - Amendment of financing statement.
§ 25-9-513 - Termination statement.
§ 25-9-514 - Assignment of powers of secured party of record.
§ 25-9-516 - What constitutes filing; effectiveness of filing.
§ 25-9-517 - Effect of indexing errors.
§ 25-9-518 - Claim concerning inaccurate or wrongfully filed record.
§ 25-9-520 - Acceptance, refusal to accept record, and cancellation of record.
§ 25-9-521 - Uniform form of written financing statement and amendment.
§ 25-9-522 - Maintenance and destruction of records.
§ 25-9-523 - Information from filing office.
§ 25-9-524 - Delay by filing office.
§ 25-9-526 - Filing-office rules.
§ 25-9-602 - Waiver and variance of rights and duties.
§ 25-9-603 - Agreement on standards concerning rights and duties.
§ 25-9-604 - Procedure if security agreement covers real property or fixtures.
§ 25-9-605 - Unknown debtor or secondary obligor.
§ 25-9-606 - Time of default for agricultural lien.
§ 25-9-607 - Collection and enforcement by secured party.
§ 25-9-609 - Secured party's right to take possession after default.
§ 25-9-610 - Disposition of collateral after default.
§ 25-9-611 - Notification before disposition of collateral.
§ 25-9-612 - Timeliness of notification before disposition of collateral.
§ 25-9-613 - Contents and form of notification before disposition of collateralgeneral.
§ 25-9-615 - Application of proceeds of disposition; liability for deficiency and right to surplus.
§ 25-9-616 - Explanation of calculation of surplus or deficiency.
§ 25-9-617 - Rights of transferee of collateral.
§ 25-9-618 - Rights and duties of certain secondary obligors.
§ 25-9-619 - Transfer of record or legal title.
§ 25-9-621 - Notification of proposal to accept collateral.
§ 25-9-622 - Effect of acceptance of collateral.
§ 25-9-623 - Right to redeem collateral.
§ 25-9-625 - Remedies for secured party's failure to comply with Article.
§ 25-9-626 - Action in which deficiency or surplus is in issue.
§ 25-9-627 - Determination of whether conduct was commercially reasonable.
§ 25-9-703 - Security interest perfected before effective date.
§ 25-9-704 - Security interest unperfected before effective date.
§ 25-9-705 - Effectiveness of action taken before effective date.
§ 25-9-707 - Amendment of pre-effective-date financing statement.
§ 25-9-708 - Persons entitled to file initial financing statement or continuation statement.