N.J. Stat. § 12A:8-601

Current through L. 2024, c. 87.
Section 12A:8-601 - Savings Clause
a. This act does not affect an action or proceeding commenced before this act takes effect.
b. If a security interest in a security is perfected at the date this act takes effect, and the action by which the security interest was perfected would suffice to perfect a security interest under this act, no further action is required to continue perfection. If a security interest in a security is perfected at the date this act takes effect but the action by which the security interest was perfected would not suffice to perfect a security interest under this act, the security interest remains perfected for a period of four months after the effective date and continues perfected thereafter if appropriate action to perfect under this act is taken within that period. If a security interest is perfected at the date this act takes effect and the security interest can be perfected by filing under this act, a financing statement signed by the secured party instead of the debtor may be filed within that period to continue perfection or thereafter to perfect.

N.J.S. § 12A:8-601

L. 1997, c. 252, s. 1.