Section 26-1-12.5-303 - Security interest enforceable but unperfected on June 30, 2023; conditions and time frame for continued enforceability; conditions and effective date for perfectionA security interest that is enforceable on June 30, 2023, but is unperfected on June 30, 2023:
(1) remains an enforceable security interest until the adjustment date;(2) remains enforceable on or after the adjustment date if the security interest becomes enforceable under IC 26-1-9.1-203, as amended by the act, on July 1, 2023, or before the adjustment date; and(3) becomes perfected; (A) without further action on July 1, 2023, if the requirements for perfection under the act are satisfied before or on July 1, 2023; or(B) when the requirements for perfection under the act are satisfied if the requirements are satisfied after July 1, 2023.Added by P.L. 199-2023,SEC. 91, eff. 7/1/2023.