§ 8.13-303 – Security interest unperfected before effective date

A security interest that is enforceable immediately before the effective date of this act 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 under § 8.9A-203, as amended by this act, on the effective date of this act or before the adjustment date; and

3. becomes perfected:

A. without further action, on the effective date of this act if the requirements for perfection under this 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.