Ala. Code § 7-9A-804

Current through the 2024 Regular Session.

Section 7-9A-804 - Security interest unperfected before effective date

A security interest that is an unperfected security interest immediately before July 1, 2014, becomes a perfected security interest:

(1) without further action, on July 1, 2014, if the applicable requirements for perfection under Article 9A as amended by Act 2014-374 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.

Ala. Code § 7-9A-804 (1975)

Added by Act 2014-374,§ 2, eff. 7/1/2014.