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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.)