70A-12a-303. Security interest unperfected before effective date.
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Effective 5/6/2026
70A-12a-303. Security interest unperfected before effective date.
A security interest that is enforceable immediately before May 6, 2026, 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 70A-9a-203 , as amended by this chapter, on May 6, 2026, or before the adjustment date; and
(3)becomes perfected:
(a)without further action, on May 6, 2026, if the requirements for perfection under this chapter are satisfied before or at that time; or
(b)when the requirements for perfection are satisfied if the requirements are satisfied after that time.
Enacted by Chapter 322 , 2026 General Session