N.Y. UCC Law § 12-A-304
This is the official text of N.Y. UCC Law § 12-A-304, 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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Effectiveness of Actions Taken Before Effective Date
Official statutory text
Section 12-A-304. Effectiveness of Actions Taken Before Effective Date.\n (a) Pre-effective-date action; attachment and perfection before\nadjustment date. If action, other than the filing of a financing\nstatement, is taken before the effective date of the UCC Revision Act\nand the action would have resulted in perfection of the security\ninterest had the security interest become enforceable before the\neffective date of the UCC Revision Act, the action is effective to\nperfect a security interest that attaches under the revised UCC before\nthe adjustment date. An attached security interest becomes unperfected\non the adjustment date unless the security interest becomes a perfected\nsecurity interest under the revised UCC before the adjustment date.\n (b) Pre-effective-date filing. The filing of a financing statement\nbefore the effective date of the UCC Revision Act is effective to\nperfect a security interest on the effective date of this article to the\nextent the filing would satisfy the requirements for perfection under\nthe revised UCC.\n (c) Pre-effective-date enforceability action. The taking of an action\nbefore the effective date of the UCC Revision Act is sufficient for the\nenforceability of a security interest on the effective date of the UCC\nRevision Act if the action would satisfy the requirements for\nenforceability under the revised UCC.\n
Status: in_force · Read it on the official government site
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