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 article 9 as amended by this act are satisfied before or at that time; or

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.

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