TITLE 6A
Uniform Commercial Code
CHAPTER 6A-9
Secured Transactions
PART 6A-9-701
Transition
SECTION 6A-9-803
§ 6A-9-803 Security interest perfected
before effective date.
(a) Continuing perfection: perfection requirements satisfied. A security
interest that is a perfected security interest immediately before the
amendatory act takes effect is a perfected security interest under this chapter
as amended by the amendatory act if, when the amendatory act takes effect, the
applicable requirements for attachment and perfection under this chapter, as
amended by the amendatory act, are satisfied without further action.
(b) Continuing perfection: perfection requirements not
satisfied. Except as otherwise provided in § 6A-9-805, if, immediately
before the amendatory act takes effect, a security interest is a perfected
security interest, but the applicable requirements for perfection under this
chapter, as amended by the amendatory act, are not satisfied when the
amendatory act takes effect, the security interest remains perfected thereafter
only if the applicable requirements for perfection under this chapter as
amended by the amendatory act are satisfied within one year after the
amendatory act takes effect.
History of Section.
(P.L. 2011, ch. 173, § 3; P.L. 2011, ch. 192, § 3.)