Title 6A
Uniform Commercial Code

Chapter 11
Transitional Provisions for Uniform Commercial Code Amendments (2022)

Part 3
Transitional Provisions for Chapters 9 and 12

§ 6A-11-303. Security interest unperfected before effective date.

A security interest that is enforceable immediately before January 1, 2024, but is unperfected at that time:

(1) Remains an enforceable security interest until the adjustment date;

(2) Remains enforceable thereafter if the security interest becomes enforceable under § 6A-9-203, as amended by the amendatory act, on January 1, 2024, or before the adjustment date; and

(3) Becomes perfected:

(i) Without further action, on January 1, 2024, if the requirements for perfection under the amendatory act are satisfied before or at that time; or

(ii) When the requirements for perfection are satisfied if the requirements are satisfied after that time.