Security interest unperfected before January 1, 2024

A security interest that is enforceable immediately before January 1, 2024 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 pursuant to Section 55-9-203 NMSA 1978, as amended by this 2023 act, on January 1, 2024 or before the adjustment date; and (3) becomes perfected: (A) without further action on January 1, 2024 if the requirements for perfection pursuant to this 2023 act are satisfied before or at that time; or (B) when the requirements for perfection are satisfied if the requirements are satisfied after that time. History: 1978 Comp., § 55-12A-303, enacted by Laws 2023, ch. 142, § 108.