2000 Minnesota Statutes

     336.11-103 Transition to amended Uniform Commercial 
  Code; general rule. 

    Transactions validly entered into after June 30, 1966 and 
 before January 1, 1977, and which were subject to the provisions 
 of Minnesota Statutes 1971, Chapter 336, and which would be 
 subject to chapter 336 as amended if they had been entered into 
 after December 31, 1976 and the rights, duties and interests 
 flowing from such transactions remain valid after the latter 
 date and may be terminated, completed, consummated or enforced 
 as required or permitted by chapter 336 as amended by Laws 1976, 
 Chapter 135. Security interests arising out of such transactions 
 which are perfected before January 1, 1977 shall remain 
 perfected until they lapse as provided in chapter 336, as 
 amended by Laws 1976, Chapter 135, and may be continued as 
 permitted by chapter 336 as amended by Laws 1976, Chapter 135, 
 except as stated in section 336.11-105. 

    HIST: 1976 c 135 s 37