Security interest unperfected before effective date

  1. Law
  2. Arkansas Code
  3. Business and Commercial Law
  4. Uniform Commercial Code
  5. Secured Transactions
  6. Transition Provisions for 2010 Amendments
  7. Security interest unperfected before effective date

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A security interest that is an unperfected security interest immediately before this act takes effect becomes a perfected security interest:

  1. (1) without further action, when this act takes effect, if the applicable requirements for perfection under this chapter as amended by this act are satisfied before or at that time; or

  2. (2) when the applicable requirements for perfection are satisfied if the requirements are satisfied after that time.


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