Current through codified legislation effective October 30, 2024
Section 28:12-205 - Effectiveness of actions taken before effective date of the 2024 Act(a) If action, other than the filing of a financing statement, is taken before the effective date of the 2024 Act and the action would have resulted in perfection of the security interest had the security interest become enforceable before the effective date of the 2024 Act, the action is effective to perfect a security interest that attaches under the 2024 Act before the adjustment date. An attached security interest becomes unperfected on the adjustment date unless the security interest becomes a perfected security interest under the 2024 Act before the adjustment date.(b) The filing of a financing statement before the effective date of the 2024 Act is effective to perfect a security interest on the effective date of the 2024 Act to the extent the filing would satisfy the requirements for perfection under the 2024 Act.(c) The taking of an action before the effective date of the 2024 Act is sufficient for the enforceability of a security interest on the effective date of the 2024 Act if the action would satisfy the requirements for enforceability under the 2024 Act.Added by D.C. Law 25-158,§ 2, 71 DCR 002265, eff. 4/20/2024.