Section 6A-9-704 - Security interest unperfected before effective dateA security interest that is enforceable immediately before this chapter 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 chapter takes effect;(2) Remains enforceable thereafter if the security interest becomes enforceable under § 6A-9-203 when this chapter takes effect or within one year thereafter; and(3) Becomes perfected: (i) Without further action, when this chapter takes effect if the applicable requirements for perfection under this chapter are satisfied before or at that time; or(ii) When the applicable requirements for perfection are satisfied if the requirements are satisfied after that time.R.I. Gen. Laws § 6A-9-704
P.L. 2000, ch. 182, § 6; P.L. 2000, ch. 420, § 6.