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§ 9-804 Security interest unperfected before effective date

9 V.S.A. § 9-804 (N/A)
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§ 9-804. Security interest unperfected before effective date

A security interest that is an unperfected security interest immediately before the Act takes effect becomes a perfected security interest:

(1) without further action, when the Act takes effect if the applicable requirements for perfection under Article 9 of this title, as amended by the Act, are satisfied before or at that time; or

(2) when the applicable requirements for perfection are satisfied if the requirements are satisfied after that time. (Added 2013, No. 157 (Adj. Sess.), § 1.)

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