§9-804. Security interest unperfected before effective date

Link to law: http://legislature.vermont.gov/statutes/section/09A/009/00804
Published: 2015

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The Vermont Statutes Online



Title

09A

:
Uniform Commercial Code






Chapter

009

:
Secured Transactions











 

§

9-804. Security interest unperfected before effective date

A security

interest that is an unperfected security interest immediately before the Act

takes effect becomes a perfected security interest:

(1) without

further action, when the Act takes effect if the applicable requirements for

perfection under article 9 of this title, as amended by the 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. (Added 2013, No. 157 (Adj. Sess.), § 1.)
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