Section 8.9A-704 - Security interest unperfected before effective dateA security interest that is enforceable immediately before this title takes effect but which would be subordinate to the rights of a person that becomes a lien creditor at that time:
(1) remains an enforceable security interest for one year after this takes effect;(2) remains enforceable thereafter if the security interest becomes enforceable under § 8.9-203A when this title takes effect or within one year thereafter; and(3) becomes perfected: (A) without further action, when this title takes effect if the applicable requirements for perfection under this title are satisfied before or at that time; or(B) when the applicable requirements for perfection are satisfied if the requirements are satisfied after that time.Amended by Acts 2000, § c.1007.