Security interest unperfected before effective date.

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57A-9-804. Security interest unperfected before effective date.

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 chapter-57A-9 as amended by SL 2012, ch 238 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.

Source: SL 2012, ch 238, §9-804, eff. July 1, 2013.


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