Security interest unperfected before effective date.

RCW 62A.12A-303, under Transitional provisions for uniform commercial code amendments (2022)..

RCW 62A.12A-303

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 by 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.

[ 2023 c 266 s 1106.]

Notes:

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