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Can you summarize 36 SCCL Chapter 9?
Commercial Code > COMMERCIAL CODE - SECURED TRANSACTIONS
Short Summary
These legal documents pertain to the South Carolina Code of Laws, specifically the Commercial Code - Secured Transactions. They cover various aspects related to pre-effective-date financing statements, continuation of effectiveness of financing statements, effectiveness of actions taken before the effective date of the act, and perfection of security interests before the effective date of the act. The documents provide guidance on the priority of conflicting claims to collateral, the filing of financing statements, and the continuation of effectiveness of financing statements. They also address the perfection of security interests and the enforceability of security interests before and after the act takes effect. The documents specify the conditions under which pre-effective-date financing statements can be amended or terminated, and the requirements for the effectiveness and perfection of security interests. These documents apply to creditors, secured parties, and persons involved in secured transactions. No specific exemptions or penalties are mentioned in these documents.
Whom does it apply to?
Creditors, secured parties, persons involved in secured transactions, banks, buyers, lessees, licensees, consignees, debtors, secondary obligors, lienholders, attorneys
What does it govern?
Treatment of pre-effective-date financing statements, amending, continuing, and terminating the effectiveness of pre-effective-date financing statements, impact of the act on financing statements filed before and after its implementation, default and enforcement of security interest, duties and operation of the filing office for secured transactions, rights of third parties in different contexts, perfection and priority of security interests in different types of collateral, requests related to accounting, lists of collateral, and statements of account, and lien satisfaction
What are exemptions?
No specific exemptions are mentioned in these documents.
What are the Penalties?
No specific penalties are mentioned in these documents.
Jurisdiction
South Carolina