57A-9-804. Security interest unperfected before effective date.
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/sd/title-57/chapter-57-9/57a-9-804·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 July 1, 2013 becomes a perfected security interest:
(1)Without further action, on July 1, 2013 if the applicable requirements for perfection under chapter- 57A-9 as amended by SL 2012, ch 238 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.