A security interest for the perfection of which filing or the taking of possession was required under the old U.C.C. and which attached prior to the effective date of the new U.C.C. but was not perfected shall be deemed perfected on the effective date of the new U.C.C. if the new U.C.C. permits perfection without filing or authorizes filing in the office or offices where a prior ineffective filing was made.
History: 1978 Comp., § 55-12-104, enacted by Laws 1985, ch. 193, § 42.
ANNOTATIONSCross references. — For definition of "old UCC" and "new UCC," see 55-12-101 NMSA 1978.
Compiler's notes. — This section appears as § 11-104 in the Uniform Act.