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§12A-8-603.
§12A-8-603.
A. This act does not affect an action or proceeding commenced before
this act takes effect.
B. If a security interest in a security is perfected before this act
takes effect, and the action by which the security interest was
perfected would suffice to perfect a security interest under this act,
no further action is required to continue perfection. If a security
interest in a security is perfected before this act takes effect but
the action by which the security interest was perfected would not
suffice to perfect a security interest under this act, the security
interest remains perfected for a period of four months after the
effective date and continues perfected thereafter if appropriate
action to perfect under this act is taken within that period. If a
security interest is perfected before this act takes effect and the
security interest can be perfected by filing under this act, a
financing statement signed by the secured party instead of the debtor
may be filed within that period to continue perfection or thereafter
to perfect.
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