A security interest that is an unperfected security interest immediately before this act takes effect becomes a perfected security interest:
- (1) without further action, when this act takes effect on November 1, 2015, if the applicable requirements for perfection under Article 9 of the Uniform Commercial Code as amended by this act are satisfied before or at that time; or
- (2) when the applicable requirements for perfection are satisfied if the requirements are satisfied after that time.
Laws 2015, HB 1773, c. 374, § 20, eff. November 1, 2015.