41-09-134. (9-804) Security interest unperfected before effective date.
68 words·~1 min read·
/nd/title-41/chapter-41-09-secured-transactions/41-09-134·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
A security interest that is an unperfected security interest immediately before this Act takes effect becomes a perfected security interest:
1. Without further action, when this Act takes effect if the applicable requirements for
perfection under this chapter as amended by this Act are satisfied before or at that
time; or
2. When the applicable requirements for perfection are satisfied if the requirements are
satisfied after that time.