Section 9-704 - Security Interest Unperfected Before Effective DateA security interest that is enforceable immediately before Revised Article 9 takes effect but which would be subordinate to the rights of a person that becomes a lien creditor at that time:
(a) remains an enforceable security interest for one year after Revised Article 9 takes effect;(b) remains enforceable thereafter if the security interest becomes enforceable under Section 9-203 when Revised Article 9 takes effect or within one year thereafter; and(c) becomes perfected: (1) without further action, when Revised Article 9 takes effect if the applicable requirements for perfection under Revised Article 9 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.