Security interest unperfected before effective date.

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Effective - 28 Aug 2013

400.9-804. Security interest unperfected before effective date. — 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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(L. 2013 H.B. 212)


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