Hawaii Revised Statutes 490:12-303 – Security interest unperfected before the effective date

A security interest that is enforceable immediately before the effective date of this article but is unperfected at that time shall:

(1) Remain an enforceable security interest until the adjustment date;

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(2) Remain enforceable thereafter if the security interest becomes enforceable under section 490:9-203, as amended by Act, Session Laws of Hawaii 2023, on the effective date of this article or before the adjustment date; and

(3) Become perfected:

(A) Without further action, on the effective date of this article if the requirements for perfection under this article are satisfied before or at that time; or

(B) When the requirements for perfection are satisfied if the requirements are satisfied after that time.

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Hawaii Revised Statutes 490:12-303 – Security interest unperfected before the effective date

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