Ind. Code § 26-1-12.5-303
Security interest enforceable but unperfected on June 30, 2023; conditions and time frame for continued enforceability; conditions and effective date for perfection
As added by P.L.199-2023, SEC.91.
A security interest that is enforceable on June 30, 2023, but is unperfected on June 30, 2023:
- (1) remains an enforceable security interest until the adjustment date;
- (2) remains enforceable on or after the adjustment date if the security interest becomes enforceable under IC 26-1-9.1-203 , as amended by the act, on July 1, 2023, or before the adjustment date; and
(3) becomes perfected;
- (A) without further action on July 1, 2023, if the requirements for perfection under the act are satisfied before or on July 1, 2023; or
- (B) when the requirements for perfection under the act are satisfied if the requirements are satisfied after July 1, 2023.
As added by P.L.199-2023, SEC.91.