Wash. Rev. Code § 62A.12A-303

Current through the 2024 Regular Session
Section 62A.12A-303 - Security interest unperfected before effective date

A security interest that is enforceable immediately before January 1, 2024, but is unperfected at that time:

(a) Remains an enforceable security interest until the adjustment date;
(b) Remains enforceable thereafter if the security interest becomes enforceable under RCW 62A.9A-203, as amended chapter 266, Laws of 2023, on January 1, 2024, or before the adjustment date; and
(c) Becomes perfected:
(1) Without further action, on January 1, 2024, if the requirements for perfection under chapter 266, Laws of 2023 are satisfied before or at that time; or
(2) When the requirements for perfection are satisfied if the requirements are satisfied after that time.

RCW 62A.12A-303

Added by 2023 c 266,§ 1106, eff. 1/1/2024.

Construction-Effective date- 2023 c 266 : See notes following RCW 62A.12-101.