Security interest unperfected before applicability date

  1. Law
  2. District of Columbia Code
  3. Commercial Instruments and Transactions. [Enacted title]
  4. Uniform Commercial Code
  5. Secured Transactions
  6. Transition Provisions for 2012 Amendments
  7. Security interest unperfected before applicability date

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A security interest that is an unperfected security interest immediately before the applicability date becomes a perfected security interest:

(1) Without further action, on the applicability date, if the applicable requirements for perfection under Article 9 as amended by the 2012 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.

(May 1, 2013, D.C. Law 19-302, § 2(s), 60 DCR 2688.)

Editor's Notes

Applicability of D.C. Law 19-302: Section 4 of D.C. Law 19-302 provided that the act shall apply as of July 1, 2013.


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