§12A-A-303. Security interest unperfected before effective date.
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/ok/title-12a-uniform-commercial-code/12a-a-303·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
SECURITY INTEREST UNPERFECTED BEFORE EFFECTIVE DATE
A security interest that is enforceable immediately before the effective date of this act 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 1-9-203 of this title, as amended by this act, on the effective date of this act or before the adjustment date; and
(3)Becomes perfected:
(A)without further action, on the effective date of this
act if the requirements for perfection under this 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. Added by Laws 2024, c. 13, § 103, eff. Nov. 1, 2024.