- (a) If action, other than the filing of a financing statement, is taken before July 1, 2023, and the action would have resulted in perfection of a security interest had the security interest become enforceable before July 1, 2023, the action is effective to perfect a security interest that attaches under the act before the adjustment date. An attached security interest becomes unperfected on the adjustment date unless the security interest becomes a perfected security interest under the act before the adjustment date.
- (b) The filing of a financing statement before July 1, 2023, is effective to perfect a security interest on July 1, 2023, to the extent the filing would satisfy the requirements for perfection under the act.
- (c) The taking of an action before July 1, 2023, is sufficient for the enforceability of a security interest on July 1, 2023, if the action would satisfy the requirements for enforceability under the act.
As added by P.L.199-2023, SEC.91.