Legislation

* Section 12-A-304. Effectiveness of Actions Taken Before Effective
Date.

(a) Pre-effective-date action; attachment and perfection before
adjustment date. If action, other than the filing of a financing
statement, is taken before the effective date of the UCC Revision Act
and the action would have resulted in perfection of the security
interest had the security interest become enforceable before the
effective date of the UCC Revision Act, the action is effective to
perfect a security interest that attaches under the revised UCC before
the adjustment date. An attached security interest becomes unperfected
on the adjustment date unless the security interest becomes a perfected
security interest under the revised UCC before the adjustment date.

(b) Pre-effective-date filing. The filing of a financing statement
before the effective date of the UCC Revision Act is effective to
perfect a security interest on the effective date of this article to the
extent the filing would satisfy the requirements for perfection under
the revised UCC.

(c) Pre-effective-date enforceability action. The taking of an action
before the effective date of the UCC Revision Act is sufficient for the
enforceability of a security interest on the effective date of the UCC
Revision Act if the action would satisfy the requirements for
enforceability under the revised UCC.

* NB Effective June 3, 2026