Section 15-303 - [Effective 7/1/2025] Security interest unperfected before effective dateA security interest that is enforceable immediately before July 1, 2025 but is unperfected at that time: [2023, c. 669, Pt. C, §1 (NEW); 2023, c. 669, Pt. E, §1 (AFF).]
(1). Remains an enforceable security interest until the adjustment date; [2023, c. 669, Pt. C, §1 (NEW); 2023, c. 669, Pt. E, §1 (AFF).]
(2). Remains enforceable thereafter if the security interest becomes enforceable under section 9-1203, as in effect on July 1, 2025, on July 1, 2025 or before the adjustment date; and [2023, c. 669, Pt. C, §1 (NEW); 2023, c. 669, Pt. E, §1 (AFF).]
(3). Becomes perfected:(a). Without further action, on July 1, 2025 if the requirements for perfection under this Title as in effect on July 1, 2025 are satisfied before or at that time; or [2023, c. 669, Pt. C, §1 (NEW); 2023, c. 669, Pt. E, §1 (AFF).](b). When the requirements for perfection under this Title are satisfied if the requirements are satisfied after that time. [2023, c. 669, Pt. C, §1 (NEW); 2023, c. 669, Pt. E, §1 (AFF).] [2023, c. 669, Pt. C, §1 (NEW); 2023, c. 669, Pt. E, §1 (AFF).]
Added by 2024, c. 669,§ C-1, eff. 7/1/2025.