§ 9-805. Security interest unperfected before effective date

Latest version.

   A security interest that is an unperfected security interest immediately before the Act takes effect becomes a perfected security interest:

   (1) Without further action, when the Act takes effect if the applicable requirements for perfection under this title, as amended by the 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.

HISTORY: 2012, ch. 674, § 2.

                    
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