Current through Chapter 381 of the 2024 Legislative Session
Section 382-A:13-304 - Effectiveness Of Action Taken Before Effective Date(a) Pre-effective date; action; attachment and perfection before adjustment date. If action, other than the filing of a financing statement, is taken before the effective date of this article and the action would have resulted in perfection of the security interest had the security interest become enforceable before the effective date of this article, the action is effective to perfect a security interest that attaches under this chapter before the adjustment date. An attached security interest becomes unperfected on the adjustment date unless the security interest becomes a perfected security interest under this article before the adjustment date.(b) Pre-effective date filing. The filing of a financing statement before the effective date of this article is effective to perfect a security interest on the effective date of this article to the extent the filing would satisfy the requirements for perfection under this article.(c) Pre-effective date enforceability action. The taking of an action before the effective date of this article is sufficient for the enforceability of a security interest on the effective date of this article if the action would satisfy the requirements for enforceability under this article.Amended by 2023, 236:91, eff. 10/7/2023.Added by 2022 , 281: 81, eff. 1/1/2023.