§ A-303. Security interest unperfected before effective date.
100 words·~1 min read·
/de/title-6/a-303A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
A security interest that is enforceable immediately before August 18, 2023, but is unperfected at that time:
(1)remains an enforceable security interest until the adjustment date;
(2)remains enforceable thereafter if the security interest becomes enforceable under Section 9-203, as amended by the amending Act, on August 18, 2023, or before the adjustment date; and
(3)becomes perfected:
(A)without further action, on August 18, 2023, if the requirements for perfection under the amending Act are satisfied before or at that time; or
(B)when the requirements for perfection are satisfied if the requirements are satisfied after that time.