TITLE 28

COMMERCIAL TRANSACTIONS

CHAPTER 9

SECURED TRANSACTIONS

PART 8.

TRANSITION PROVISIONS FOR 2011 AMENDMENTS

28-9-804.  security interest unperfected before effective date. 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 if the applicable requirements for perfection under this chapter 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.

History:

[28-9-804, added 2012, ch. 145, sec. 20, p. 410.]