Section 28:12-202 - Saving clause(a) Except as provided in this part, a transaction validly entered into before the effective date of the 2024 Act and the rights, duties, and interests flowing from the transaction remain valid thereafter and may be terminated, completed, consummated, or enforced as required or permitted by law other than this subtitle or, if applicable, this subtitle, as though the 2024 Act had not taken effect.(b) Except as provided in this part, Article 9, as amended by the 2024 Act, and Article 12 apply to a transaction, lien, or other interest in property, even if the transaction, lien, or interest was entered into, created, or acquired before the effective date of this act.(c) Except as provided in subsection (d) of this section and §§ 28:12-203 to 12-208:(1) A transaction, lien, or interest in property that was validly entered into, created, or transferred before the effective date of the 2024 Act and was not governed by this subtitle, but would be subject to Article 9 as amended by the 2024 Act or Article 12 if it had been entered into, created, or transferred on or after the effective date of the 2024 Act, including the rights, duties, and interests flowing from the transaction, lien, or interest, remains valid on and after the effective date of the 2024 Act; and(2) The transaction, lien, or interest may be terminated, completed, consummated, and enforced as required or permitted by the 2024 Act or by the law that would apply if the 2024 Act had not taken effect.(d) The 2024 Act does not affect an action, case, or proceeding commenced before the effective date of the 2024 Act.Added by D.C. Law 25-158,§ 2, 71 DCR 002265, eff. 4/20/2024.