Section 12-A-303. Security Interest Unperfected Before Effective Date. A security interest that is enforceable immediately before the effective date of the UCC Revision Act but is unperfected at that time:

1. (1) remains an enforceable security interest until the adjustment date;
2. (2) remains enforceable thereafter if the security interest becomes enforceable under Section 9--203, as amended by the UCC Revision Act, on the effective date of the UCC Revision Act or before the adjustment date; and

3. (3) becomes perfected:

   1. (A) without further action, on the effective date of the UCC Revision Act if the requirements for perfection under the revised UCC are satisfied before or at that time; or
   2. (B) when the requirements for perfection are satisfied if the requirements are satisfied after that time.