1. A security interest for the perfection of which filing or the taking of possession was required under the old U.C.C. and which attached prior to the effective date of the new U.C.C. but was not perfected shall be deemed perfected on the effective date of the new U.C.C. if the new U.C.C. permits perfection without filing or authorizes filing in the office or offices where a prior ineffective filing was made.

History: 1978 Comp., § 55-12-104, enacted by Laws 1985, ch. 193, § 42; recompiled as § 55-11A-104 by Laws 2023, ch. 142, § 95.

ANNOTATIONS

Recompilations. — Laws 2023, ch. 142, § 95 recompiled former 55-12-104 NMSA 1978 as 55-11A-104 NMSA 1978, effective January 1, 2024.

Laws 2023, ch. 142, § 99 enacted a new 55-12-104 NMSA 1978, relating to rights in controllable account, controllable electronic record and controllable payment intangible, effective January 1, 2024.