Security interest unperfected before effective date.

12A:9-804. Security interest unperfected before effective date.

12A:9-804. Security Interest Unperfected Before Effective Date. A security interest that is an unperfected security interest immediately before this act takes effect becomes a perfected security interest: (1) without further action, when this act takes effect if the applicable requirements for perfection under Chapter 9 as amended by this act are satisfied before or at that time; or (2) when the applicable requirements for perfection are satisfied if the requirements are satisfied after that time. L.2013, c.65, s.30.