Security Interest Unperfected Before Effective Date

  1. Law
  2. Georgia Code
  3. Commercial Code
  4. Secured Transactions
  5. 2013 Transition
  6. Security Interest Unperfected Before Effective Date

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A security interest that is an unperfected security interest immediately before July 1, 2013, becomes a perfected security interest:

  1. Without further action, on July 1, 2013, if the applicable requirements for perfection under this article, as in effect on July 1, 2013, 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.

(Code 1981, §11-9-804, enacted by Ga. L. 2013, p. 690, § 20/SB 185.)


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