§ 9803. Security interest perfected before effective date.
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/pa/title-13/chapter-98/9803A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
§ 9803. Security interest perfected before effective date.
(a)Continuing perfection; perfection requirements satisfied.-- A security interest that is a perfected security interest immediately before the 2013 Revision takes effect is a perfected security interest under this division as amended by the 2013 Revision if, when the 2013 Revision takes effect, the applicable requirements for attachment and perfection under this division as amended by the 2013 Revision are satisfied without further action.
(b)Continuing perfection; perfection requirements not satisfied.-- Except as otherwise provided in section 9805 (relating to effectiveness of action taken before effective date), if, immediately before the 2013 Revision takes effect, a security interest is a perfected security interest, but the applicable requirements for perfection under this division as amended by the 2013 Revision are not satisfied when the 2013 Revision takes effect, the security interest remains perfected thereafter only if the applicable requirements for perfection under this division as amended by the 2013 Revision are satisfied within one year after the 2013 Revision takes effect.
13c9804s