§ 9-704. Security interest unperfected before effective date

MD Comm L Code § 9-704 (2019) (N/A)
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A security interest that is enforceable immediately before this title takes effect but which would be subordinate to the rights of a person that becomes a lien creditor at that time:

(1)    Remains an enforceable security interest for one year after this title takes effect;

(2)    Remains enforceable thereafter if the security interest becomes enforceable under § 9-203 when this title takes effect or within one year thereafter; and

(3)    Becomes perfected:

(A)    Without further action, when this title takes effect if the applicable requirements for perfection under this title are satisfied before or at that time; or

(B)    When the applicable requirements for perfection are satisfied if the requirements are satisfied after that time.