Security interest unperfected before effective date.

  1. Law
  2. Delaware Code
  3. Commerce and Trade
  4. Secured Transactions
  5. Transition for 2010 Amendments
  6. 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) without further action, when this Act takes effect if the applicable requirements for perfection under Article 9 as amended by this 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.


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