Security interest unperfected before effective date

Colo. Rev. Stat. § 4-13-303, under Uniform Commercial Code.

Colo. Rev. Stat. § 4-13-303

A security interest that is enforceable immediately before the effective date of this article 13 but is unperfected at that time:

(1) Remains an enforceable security interest until the adjustment date;

(2) Remains enforceable thereafter if the security interest becomes enforceable under section 4-9-203, as amended by Senate Bill 23-090, enacted in 2023, on the effective date of this article 13 or before the adjustment date; and

(3) Becomes perfected:

(A) Without further action, on the effective date of this article 13, if the requirements for perfection under this title 4 are satisfied before or at that time; or

(B) When the requirements for perfection are satisfied if the requirements are satisfied after that time.

Source: L. 2023: Entire section added, (SB 23-090), ch. 136, p. 569, � 89, effective August 7.