District of Columbia · Through 2026-08-20 (D.C. Law 26-175)

D.C. Code § 28:8-601: Savings clause.

(a)
This article does not affect an action or proceeding commenced before this subtitle takes effect.

(b)
If a security interest in a security is perfected at the date this subtitle takes effect, and the action by which the security interest was perfected would suffice to perfect a security interest under this article, no further action is required to continue perfection. If a security interest in a security is perfected at the date this article takes effect but the action by which the security interest was perfected would not suffice to perfect a security interest under this article, the security interest remains perfected for a period of four months after the effective date and continues perfected thereafter if appropriate action to perfect under this article is taken within that period. If a security interest is perfected at the date this article takes effect and the security interest can be perfected by filing under this article, a financing statement signed by the secured party instead of the debtor may be filed within that period to continue perfection or thereafter to perfect.

Where this section sits in the code

Title 28. Commercial Instruments and Transactions. [Enacted title]
Subtitle I. Uniform Commercial Code.
Article 8. Investment Securities.
Part VI. Transitional Provisions.

(a)

This article does not affect an action or proceeding commenced before this subtitle takes effect.

(b)

If a security interest in a security is perfected at the date this subtitle takes effect, and the action by which the security interest was perfected would suffice to perfect a security interest under this article, no further action is required to continue perfection. If a security interest in a security is perfected at the date this article takes effect but the action by which the security interest was perfected would not suffice to perfect a security interest under this article, the security interest remains perfected for a period of four months after the effective date and continues perfected thereafter if appropriate action to perfect under this article is taken within that period. If a security interest is perfected at the date this article takes effect and the security interest can be perfected by filing under this article, a financing statement signed by the secured party instead of the debtor may be filed within that period to continue perfection or thereafter to perfect.

Collected 2026-08-29T05:44:07Z. Source file · JSON

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