382-A:13-302 Security Interest Perfected Before Effective Date. –
(a) Continuing perfection: perfection requirements satisfied. A security interest that is enforceable and perfected immediately before the effective date of this Article is a perfected security interest under this Article if, on the effective date of this Article, the applicable requirements for enforceability and perfection under this Article are satisfied without further action.
(b) Continuing perfection: perfection requirements not satisfied. If, immediately before the effective date of this Article, a security interest is enforceable and perfected, but the applicable requirements for enforceability or perfection under this Article, are not satisfied on the effective date of this Article, the security interest:
(1) is a perfected security interest until the earlier of the time perfection would have ceased under the law in effect immediately before the effective date of this Article or January 1, 2025;
(2) remains enforceable thereafter only if the security interest satisfies the requirements for enforceability under Section 9-203 before January 1, 2025; and
(3) remains perfected thereafter only if the applicable requirements for perfection under this Article are satisfied before January 1, 2025.
Source. 2022, 281:81, eff. Jan. 1, 2023.