30-12A-206: Security interest unperfected before effective date.

A security interest that is enforceable immediately before October 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 30-9A-203, as amended by Chapter 200, Laws of 2025, on October 1, 2025, or before the adjustment date; and

(3) becomes perfected:

(a) without further action, on October 1, 2025, if the requirements for perfection under Chapter 200, Laws of 2025, are satisfied before or at that time; or

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