382-A:13-301 Savings Clause. –
(a) Pre-effective-date transactions, liens, or interests. Except as otherwise provided in this part, Article 9 and Article 12 apply to a transaction, lien, or other interest in property, even if the transaction, lien, or interest was entered into, created, or acquired before the effective date of this Article.
(b) Continuing validity. Except as otherwise provided in subsection (c) and Sections 13-302 through 13-306:
(1) a transaction, lien, or interest in property that was not governed by this chapter and was validly entered into, created, or transferred before the effective date of this Article, and would be subject to Article 9 as amended or Article 12 if it had been entered into, created, or transferred after the effective date of this Article, and the rights, duties, and interests flowing from the transaction, lien, or interest in property remain valid after the effective date of this Article; and
(2) the transaction, lien, or interest in property may be terminated, completed, consummated, and enforced as required or permitted by this act or by the law that otherwise would apply if this act had not taken effect.
(c) Pre-effective-date proceedings. This Article does not affect an action, case, or proceeding commenced before the effective date of this Article.
Source. 2022, 281:81, eff. Jan. 1, 2023.