GroundRules
Ala. Code § 7-12A-303: Security Interest Unperfected Before July 1, 2024.
Where this section sits in the code
- Title 7 Commercial Code.
- Article 12A Transitional Provisions for Uniform Commercial Code Amendments (2022).
- Part 3 Transitional Provisions for Articles 9A and 12.
A security interest that is enforceable immediately before July 1, 2024 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 7-9A-203, as amended by Act 2023-492, on July 1, 2024, or before the adjustment date; and
(3) becomes perfected:
(A) without further action, on July 1, 2024, if the requirements for perfection under Act 2023-492 are satisfied before or at that time; or
(B) when the requirements for perfection are satisfied if the requirements are satisfied after July 1, 2024.
Collected 2026-09-03T14:01:54Z. Source file · JSON