perfected


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perfected

adj. having completed all necessary legal steps to achieve a result, such as perfected title to property. (See: perfect)

See: choate lien, elaborate
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Thereafter, it can remain perfected only if the applicable requirements for perfection under the revised Article 9 (including filing the cooperative addendum or new identifying information) are satisfied before the five years expire.
Changes to UCC Code impacting co-ops

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