N.Y. Uniform Commercial Code Law § 12-A-303
Security Interest Unperfected Before Effective Date
New York · New York Uniform Commercial Code Law · Status: effective · Effective 2026-06-05
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- Citation
- N.Y. Uniform Commercial Code Law § 12-A-303, Security Interest Unperfected Before Effective Date, New York, version 1 as recorded 2026-07-25, yourstate.us, https://yourstate.us/provision/1134844
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Full text
Section 12-A-303. Security Interest Unperfected Before Effective Date.
A security interest that is enforceable immediately before the
effective date of the UCC Revision Act but is unperfected at that time:
(1) remains an enforceable security interest until the adjustment
date;
(2) remains enforceable thereafter if the security interest becomes
enforceable under Section 9--203, as amended by the UCC Revision Act, on
the effective date of the UCC Revision Act or before the adjustment
date; and
(3) becomes perfected:
(A) without further action, on the effective date of the UCC Revision
Act if the requirements for perfection under the revised UCC are
satisfied before or at that time; or
(B) when the requirements for perfection are satisfied if the
requirements are satisfied after that time.