N.Y. Uniform Commercial Code Law § 12-a-303: Security Interest Unperfected Before Effective Date

Section 12-A-303. Security Interest Unperfected Before Effective Date.

A security interest that is enforceable immediately before the

effective date of the UCC Revision Act 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--203, as amended by the UCC Revision Act, on

the effective date of the UCC Revision Act or before the adjustment

date; and

(3) becomes perfected:

(A) without further action, on the effective date of the UCC Revision

Act if the requirements for perfection under the revised UCC are

satisfied before or at that time; or

(B) when the requirements for perfection are satisfied if the

requirements are satisfied after that time.