382-A:13-304 Effectiveness of Actions Taken Before Effective Date. –
(a) Pre-effective-date action; attachment and perfection before adjustment date. If action, other than the filing of a financing statement, is taken before the effective date of this Article and the action would have resulted in perfection of the security interest had the security interest become enforceable before the effective date of this Article, the action is effective to perfect a security interest that attaches under this Article before January 1, 2025. An attached security interest becomes unperfected on January 1, 2025 unless the security interest becomes a perfected security interest under this Article before January 1, 2025.
(b) Pre-effective-date filing. The filing of a financing statement before the effective date of this Article is effective to perfect a security interest on the effective date of this Article to the extent the filing would satisfy the applicable requirements for perfection under this Article.
(c) Pre-effective-date enforceability actions. The taking of an action before the effective date of this Article is sufficient for the enforceability of a security interest on the effective date of this Article if the action would satisfy the applicable requirements for enforceability under this Article.
Source. 2022, 281:81, eff. Jan. 1, 2023.