11 M.R.S. §15-303: Security interest unperfected before effective date

A security interest that is enforceable immediately before July 1, 2025 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 9‑1203, as in effect on July 1, 2025, on July 1, 2025 or before the adjustment date; and

(3). Becomes perfected:

(a). Without further action, on July 1, 2025 if the requirements for perfection under this Title as in effect on July 1, 2025 are satisfied before or at that time; or

(b). When the requirements for perfection under this Title are satisfied if the requirements are satisfied after that time.