Security interest unperfected before effective date

11 M.R.S. § 15-303, under Chapter 15.

11 M.R.S. § 15-303

A security interest that is enforceable immediately before July 1, 2025 but is unperfected at that time: [PL 2023, c. 669, Pt. C, §1 (NEW); PL 2023, c. 669, Pt. E, §1 (AFF).]

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

(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

(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 [PL 2023, c. 669, Pt. C, §1 (NEW); PL 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.