§ A-304. Effectiveness of actions taken before effective date.
174 words·~1 min read·
/de/title-6/a-304A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
(a)Pre-effective-date action; attachment and perfection before adjustment date. —
If action, other than the filing of a financing statement, is taken before August 18, 2023, and the action would have resulted in perfection of the security interest had the security interest become enforceable before August 18, 2023, the action is effective to perfect a security interest that attaches under the amending Act before the adjustment date. An attached security interest becomes unperfected on the adjustment date unless the security interest becomes a perfected security interest under the amending Act before the adjustment date.
(b)Pre-effective-date filing. —
The filing of a financing statement before August 18, 2023, is effective to perfect a security interest on August 18, 2023, to the extent the filing would satisfy the requirements for perfection under the amending Act.
(c)Pre-effective-date enforceability action. —
The taking of an action before August 18, 2023, is sufficient for the enforceability of a security interest on August 18, 2023, if the action would satisfy the requirements for enforceability under the amending Act.