N.Y. UCC Law § 12-A-303
This is the official text of N.Y. UCC Law § 12-A-303, part of New York’s UCC Law — part of the compiled statutory law of New York, published by the state as "UCC Law." Browse the sections below, each linked to its official government source.
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Security Interest Unperfected Before Effective Date
Official statutory text
Section 12-A-303. Security Interest Unperfected Before Effective Date.\n A security interest that is enforceable immediately before the\neffective date of the UCC Revision Act but is unperfected at that time:\n (1) remains an enforceable security interest until the adjustment\ndate;\n (2) remains enforceable thereafter if the security interest becomes\nenforceable under Section 9--203, as amended by the UCC Revision Act, on\nthe effective date of the UCC Revision Act or before the adjustment\ndate; and\n (3) becomes perfected:\n (A) without further action, on the effective date of the UCC Revision\nAct if the requirements for perfection under the revised UCC are\nsatisfied before or at that time; or\n (B) when the requirements for perfection are satisfied if the\nrequirements are satisfied after that time.\n
Status: in_force · Read it on the official government site
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