RS 10:13-303: Security interest unperfected before effective date

A security interest that is enforceable immediately before August 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 R.S. 10:9-203, as amended by this Act, on August 1, 2024, or before the adjustment date; and

(3) becomes perfected:

(A) without further action, on August 1, 2024, if the requirements for perfection under this Act are satisfied before or at that time; or

(B) when the requirements for perfection are satisfied if the requirements are satisfied after that time.