[Previous] [Next]

§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.
   

[Previous] [Next]