A security interest that is an unperfected security interest immediately before this Act takes effect becomes a perfected security interest:

Ask a business law question, get an answer ASAP!
Thousands of highly rated, verified business lawyers.
Click here to chat with a lawyer about your rights.

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.