Security interest unperfected before effective date

1. Law
2. Arizona Revised Statutes
3. Uniform Commercial Code
4. Security interest unperfected before effective date

47-9803. Security interest unperfected before effective date

A security interest that is an unperfected security interest immediately before the effective date of this section becomes a perfected security interest:

1. Without further action, on the effective date of this section if the applicable requirements for perfection under this chapter, as amended in 2014, 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.

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