(a) Pre-effective-date transactions or liens.  Except as otherwise provided in this part, the amendatory act applies to a transaction or lien within its scope, even if the transaction or lien was entered into or created before the amendatory act takes effect.

lawyer at desk

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.

Terms Used In Rhode Island General Laws 6A-9-802

  • Lien: A claim against real or personal property in satisfaction of a debt.

(b) Pre-effective-date proceedings.  The amendatory act does not affect an action, case, or proceeding commenced before the amendatory act takes effect.

History of Section.
P.L. 2011, ch. 173, § 3; P.L. 2011, ch. 192, § 3.