6 Del. C. § A-304
This is the official text of 6 Del. C. § A-304, part of Delaware’s Del. C — part of the compiled statutory law of Delaware, published by the state as "Del. C." Browse the sections below, each linked to its official government source.
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§ Â A-304. Effectiveness of actions taken before effective date.
Official statutory text
(a) Pre-effective-date action; attachment and perfection before adjustment date. —
If action, other than the filing of a financing statement, is taken before August 18, 2023, and the action would have resulted in perfection of the security interest had the security interest become enforceable before August 18, 2023, the action is effective to perfect a security interest that attaches under the amending Act before the adjustment date. An attached security interest becomes unperfected on the adjustment date unless the security interest becomes a perfected security interest under the amending Act before the adjustment date.
(b) Pre-effective-date filing. —
The filing of a financing statement before August 18, 2023, is effective to perfect a security interest on August 18, 2023, to the extent the filing would satisfy the requirements for perfection under the amending Act.
(c) Pre-effective-date enforceability action. —
The taking of an action before August 18, 2023, is sufficient for the enforceability of a security interest on August 18, 2023, if the action would satisfy the requirements for enforceability under the amending Act.
If action, other than the filing of a financing statement, is taken before August 18, 2023, and the action would have resulted in perfection of the security interest had the security interest become enforceable before August 18, 2023, the action is effective to perfect a security interest that attaches under the amending Act before the adjustment date. An attached security interest becomes unperfected on the adjustment date unless the security interest becomes a perfected security interest under the amending Act before the adjustment date.
(b) Pre-effective-date filing. —
The filing of a financing statement before August 18, 2023, is effective to perfect a security interest on August 18, 2023, to the extent the filing would satisfy the requirements for perfection under the amending Act.
(c) Pre-effective-date enforceability action. —
The taking of an action before August 18, 2023, is sufficient for the enforceability of a security interest on August 18, 2023, if the action would satisfy the requirements for enforceability under the amending Act.
Status: in_force · Read it on the official government site
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