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Idaho · Through 2026 Legislative Session

Idaho Code § 28-8-117: Savings clause.

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Where this section sits in the code
  1. TITLE 28 COMMERCIAL TRANSACTIONS
  2. CHAPTER 8 INVESTMENT SECURITIES
  3. PART 1. SHORT TITLE AND GENERAL MATTERS

(1) This act does not affect an action or proceeding commenced before this act takes effect.

(2) If a security interest in a security is perfected at the date this act takes effect, and the action by which the security interest was perfected would suffice to perfect a security interest under this act, no further action is required to continue perfection. If a security interest in a security is perfected at the date this act takes effect but the action by which the security interest was perfected would not suffice to perfect a security interest under this act, the security interest remains perfected for a period of four (4) months after the effective date and continues perfected thereafter if appropriate action to perfect under this act is taken within that period. If a security interest is perfected at the date this act takes effect and the security interest can be perfected by filing under this act, 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 2026-09-04T11:18:18Z. Source file · JSON

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